XRP News Today: Institutional ETFs and Derivatives Signal XRP's Bullish Turnaround Above Key Support

XRP has rebounded above $2.20, with technical indicators and market positioning suggesting potential for further gains as buyers defend key support levels and ETF inflows stabilize sentiment. The price action aligns with a five-wave "Staircase to Valhalla" pattern, a technical formation often associated with sustained bullish momentum after a period of consolidation. Analysts highlight that the token's ability to hold above $2.16 has reinforced short-term optimism, with derivatives traders increasingly bullish on the asset according to market analysis.

The rebound follows a critical test of the ascending trendline near $2.00, which has served as a foundational support since early 2025. Recent data shows XRP defending this level, supported by three consecutive days of net ETF creations totaling $107.92 million across major funds like Bitwise, Franklin, and Grayscale. This institutional activity contrasts with earlier volatility and signals renewed confidence in the asset's medium-term trajectory. Open interest in XRP derivatives has also climbed to $4.11 billion, reflecting growing long-positioning among traders.

Technical analysis underscores a favorable setup for bulls. The price has retested the 20 EMA at $2.20, confirming a return of short-term momentum. However, significant resistance remains at the 50 EMA ($2.37) and the 100/200 EMA cluster ($2.52), which form a dense ceiling. A daily close above these levels could trigger a move toward $2.52, where trendline resistance converges with long-term moving averages. The 0.5 Fibonacci level at $2.26 and the 0.618 level at $2.31 are immediate targets, with a sustained breakout above $2.26 potentially invalidating the descending triangle structure and opening a path to $2.69.

Derivatives positioning further reinforces a bullish bias. On the 30-minute chart, XRP broke out of a falling wedge and reclaimed its intraday trendline, coinciding with a Supertrend flip at $2.18. Options markets show aggressive upside exposure, with open interest surging 57% as traders add long positions. Meanwhile, futures metrics indicate strengthening buyer control, with Binance's long-short ratio climbing to 2.56 and OKX's ratio near 1.42.

The broader market context includes a broader trend of ETF conversions for digital assets, exemplified by Grayscale's recent filing to convert its Zcash Trust to an ETF. While Zcash (ZEC) has surged 5% amid this regulatory shift, the broader appetite for crypto ETFs underscores a structural shift in institutional demand. This environment may indirectly benefit XRP, which is already seeing renewed inflows and derivative positioning.

However, risks remain. A failure to hold above $2.17 could trigger a retest of the $2.00 support level, with a sustained close below $1.95 signaling a bearish reversal. For now, the combination of technical resilience and growing institutional exposure suggests XRP is poised for a test of key resistance levels in the coming weeks.