XRP News Today: XRP Holds $2.65 Support, Eyes $4 Rally on Bullish Setup

XRP has demonstrated resilience by holding the $2.65 support level, a critical pivot point that analysts are interpreting as a potential setup for a bullish rally toward $4 [1]. This price action aligns with a 3-3-5 flat correction pattern, suggesting that XRP is in a structured consolidation phase before a larger upward move [1]. Traders and market observers are closely monitoring whether this level can hold to confirm a potential shift in momentum.

According to technical analysis, the XRP price has formed a three-wave rally in Wave W, followed by a three-wave dip in Wave X, setting the stage for either a smaller three-wave move up or a more substantial five-wave impulsive advance [1]. Matthew Dixon, a veteran financial trader, highlights that the distinction between these two scenarios is significant, as the latter could see XRP reaching the $4 level, while the former may limit gains slightly below that threshold [1].

Currently, XRP trades around $3.12, up from its recent lows but still below the key $4 resistance. Analysts note that if the price can break above $3.70, it could confirm a shift toward renewed bullish momentum [1]. However, any drop below $2.65 would invalidate the immediate bullish bias and potentially trigger a deeper correction [1].

From a broader perspective, EGRAG CRYPTO emphasizes that the macro outlook for XRP remains bullish as long as the monthly candle stays above $2.00 [1]. He notes that markets often end cycles with a bull flag pattern, suggesting the possibility of a strong final push if the current consolidation phase completes successfully [1]. This view is aligned with the idea that long-term investors should avoid overreacting to short-term volatility and instead focus on structural price patterns [1].

The current price structure indicates that XRP is in a transition phase, with buyers defending key support levels and showing increasing aggression in the upper range. As the market continues to consolidate, the focus will shift to whether XRP can retest and potentially break through its previous highs. This development could reinforce the broader bullish narrative and attract more institutional and retail interest.

Analysts remain cautiously optimistic, with many interpreting the current setup as a strategic entry point for a potential move toward $4. However, they caution that any failure to maintain above $2.65 could lead to a retest or even a downward correction. Traders are advised to remain alert and watch for clear confirmation signals before making any significant decisions.

As the XRP price continues to evolve in this structured environment, the coming weeks will likely be crucial in defining its next directional move. Market participants are encouraged to keep a close eye on key resistance levels and the overall market sentiment to make informed decisions.

Source:

[1] XRP Price Holds $2.65 as Key Pivot, Poised for $4 Rally, Say Analysts – [https://blockonomi.com/xrp-price-holds-2-65-as-key-pivot-poised-for-4-rally-say-analysts/](https://blockonomi.com/xrp-price-holds-2-65-as-key-pivot-poised-for-4-rally-say-analysts/)

[2] ADAUSDT.P trade ideas – [https://www.tradingview.com/symbols/ADAUSDT.P/ideas/](https://www.tradingview.com/symbols/ADAUSDT.P/ideas/)

[3] Axie Infinity(AXS)Price prediction – [https://www.bitget.com/price/axie-infinity/price-prediction](https://www.bitget.com/price/axie-infinity/price-prediction)

[4] Worst U.S. Stock Market Crash Since 2024 - Crypto Weekly – [https://cryptoweekly.co/news/worst-u-s-stock-market-crash-since-2024/](https://cryptoweekly.co/news/worst-u-s-stock-market-crash-since-2024/)