XRP News Today: ETF Clock Ticks as XRP Bulls Eye $3 Breakout from Descending Triangle

Stellar (XRP) holds steady at $0.277 as buyers defend a critical support zone, with analysts noting renewed accumulation ahead of the ETF launch window. The cryptocurrency's recent 2% price jump to $2.51 has sparked optimism among bulls, who are now targeting a $3 level as a key resistance threshold. This move follows a first major net buying session in over a week, signaling potential short-term rallies if the ETF timeline delivers a regulatory catalyst, according to a Benzinga report.

Technically, XRP is trading near $2.51, holding above the Fibonacci 0.382 level at $2.43 while testing the 20-day EMA near $2.54. The asset remains within a descending triangle pattern, compressed between the 50-day EMA at $2.66 and rising base support near $2.30. A breakout above $2.72, aligned with the 0.5 retracement level, could push prices toward $3.25, where the 0.786 level and upper trendline converge. However, a drop below $2.43 risks retesting support at $2.16 or the broader demand zone near $1.76, the Benzinga report noted.

The RSI has rebounded to 46.3, indicating easing selling pressure after a week of oversold conditions. This technical improvement aligns with broader market trends, as Bitcoin (BTC) and Ethereum (ETH) also showed gains, reflecting improved risk appetite across large-cap crypto assets. XRP's 1.5% rise mirrors the ETF-driven sentiment boost, with bulls eyeing the $3.00–$3.20 resistance zone ahead of the ETF debut, the Benzinga report said.

Market dynamics suggest that if XRP breaks above $2.70 amid expanding ETF flows, it could lead a market-wide rally toward $3 by mid-November. The current price action underscores the importance of the $0.277 support level as a psychological and technical anchor for buyers. With the ETF timeline remaining a focal point, traders are closely monitoring volume and order flow to gauge the sustainability of this rally, according to the Benzinga report.