XRP News Today: Institutional Optimism vs. Bearish Metrics: XRP's $2.75 Hurdle Looms

XRP, the digital asset issued by Ripple, has experienced a notable surge in recent trading sessions, fueled by bullish technical signals and institutional developments. According to a CryptoWzrd analysis, the XRPBTC pair closed with a strong bullish trend, potentially propelling XRP toward the $2.75 resistance level. This momentum aligns with broader market optimism following the launch of the first XRP spot ETF in the United States, the Canary XRP ETF (ticker: XRPC), which gained SEC approval and began trading on Nasdaq. The ETF's debut has drawn attention to XRP's institutional adoption, with some analysts suggesting it could catalyze further price appreciation.

However, the path to $2.75 is not without challenges. Daily sentiment for XRP mirrored Bitcoin's bearish tone, closing slightly negative despite the bullish XRPBTC performance. Bitcoin's dominance continues to influence altcoin markets, with any renewed weakness in BTC posing a risk to XRP's upward trajectory. Additionally, on-chain data reveals a one-year low in XRP's "supply in profit", indicating widespread unrealized losses among holders and reduced liquidity. This metric, combined with a decline in retail demand and muted futures open interest, suggests lingering bearish pressures.

The XRP market is also navigating a shift in liquidity. While the asset has stabilized near $2.40, capital is increasingly flowing toward high-volatility sectors like AI-themed tokens and meme coins. This rotation has left XRP trailing behind other altcoins, despite its structural strength as a large-cap asset. On-chain activity further underscores this trend, with reduced whale engagement and slower address growth indicating limited new demand.

Institutional activity, however, offers a counterbalance. Evernorth Holdings, Ripple's largest XRP treasury, recently moved $343 million worth of XRP between wallets, sparking speculation about strategic reallocations or preparations for ETF-related inflows according to LiveBitcoinNews. These movements coincided with a 12% price jump over 24 hours, driven by anticipation of ETF launches and growing institutional interest as reported by Economic Times. Analysts at BraveNewCoin noted a bullish flag pattern forming on XRP's chart, with technical indicators suggesting a potential retest of $2.50–$2.80 before year-end according to the same report.

The debate over XRP's long-term potential has intensified. While some experts remain cautious, citing regulatory risks and market fragmentation, others are bullish. Ripple commentator Zach Rector recently predicted a $100 price target for XRP, arguing that the asset's growing role in banking infrastructure could drive exponential growth. Though the $100 target is widely seen as ambitious, the approval of multiple XRP ETFs this month has bolstered institutional confidence. The Canary XRP ETF alone attracted $59 million in trading volume on its first day according to LiveBitcoinNews, signaling renewed interest from traditional investors.

Despite these positives, the road ahead is fraught with uncertainty. XRP must navigate Bitcoin's potential "death cross" formation, where short-term moving averages dip below long-term ones-a bearish signal that could trigger broader market declines. Additionally, regulatory developments, including the SEC's ongoing scrutiny of ETF approvals, remain a wildcard. For now, traders are closely watching key levels: a breakout above $2.50 could open the door to $2.60–$2.70, while a failure to hold $2.35 may push the price toward $2.20 according to crypto news sources.