XRP News Today: XRP's $2.72 Breakout Target vs. $2.43 Support Crucible

XRP's price action has tightened into a critical technical pattern as the token fell 6% to $2.51, with traders closely watching key support and resistance levels ahead of a potential breakout. The cryptocurrency, which has been consolidating in a descending triangle between the 50-day EMA at $2.66 and a rising base near $2.30, faces a pivotal juncture. A decisive break above $2.72—aligned with the Fibonacci 0.5 retracement level—could propel the token toward $3.25, where the 0.786 level and upper trendline converge. Conversely, a drop below $2.43 risks retesting support at $2.16 or a broader demand zone near $1.76.

The recent price movement coincides with heightened ETF-related optimism, a factor analysts say could drive accumulation ahead of the ETF approval window. While XRP's on-chain activity showed a modest net buying session of $200 million—a fraction of July's $200 million spikes—the trend reflects renewed interest from spot buyers. Historically, such inflows have preceded short-term rallies, especially when paired with regulatory catalysts. This dynamic is amplified by broader crypto market strength, with Bitcoin rising 2% to $110,400 and Ethereum up 1.6% to $3,845.

Meanwhile, Ripple's scheduled unlocking of 1 billion XRP (valued at ~$2.5 billion) on November 1 has sparked debate over its potential market impact. The company typically re-locks 70–80% of the released tokens, minimizing supply shocks, but traders are monitoring the re-lock percentage as a signal of Ripple's liquidity strategy. Analysts expect minimal direct price pressure but caution that a lower-than-usual re-lock could indicate increased distribution or funding activity ahead of 2026.

Institutional interest in XRP is also gaining traction, with some analysts drawing parallels to the 2017 bull cycle. A sustained breakout above $2.70 could open a path to $3 and beyond, particularly if corporate treasury buys and real-world asset activity on the XRP Ledger accelerate. However, the token's medium-term structure remains fragile. If XRP fails to hold above $2.30, it risks a sharper decline toward $2.10–$2.20, exacerbated by low weekend liquidity and macroeconomic uncertainties, according to an XRP price prediction.

The interplay of ETF optimism, institutional flows, and Ripple's supply management will likely determine XRP's next move. While bulls aim for the $3.00–$3.20 resistance zone, bears will defend the triangle's integrity by keeping the price below $2.43. With the Fed's recent policy easing and ongoing trade optimism, the coming weeks could mark a pivotal inflection point for XRP's transition from a retail-driven asset to an institutional vehicle.