XRP News Today: XRP Tests $2.95 Resistance as Altcoin Rally Gains Momentum on ADA Surge

BullZilla Traders Shift to Tapzi – the Best Crypto To Invest In While ADA Sparks Fresh Altcoin Rally

The cryptocurrency market is witnessing a strategic realignment as traders shift focus toward XRP (Ripple) and Cardano (ADA), with technical analyses and on-chain data suggesting renewed momentum. XRP, in particular, has emerged as a focal point for bullish speculation following a series of breakout patterns and institutional interest. Analysts highlight a descending triangle consolidation on the XRP/USDT pair, with the price currently testing critical resistance near $2.95 after a prolonged sideways movement XRP September Crash? Here's Why The Worst Isn't Over^[1]. This pattern, formed over 280 days, has drawn attention from derivatives traders, with futures open interest surging to $7.94 billion-a 300% increase from earlier 2025 levels Major Ripple Rally Ahead? XRP Eyes Explosive Move After Triangle …^[3].

Cardano (ADA) is simultaneously fueling an altcoin rally, with its price action aligning with broader market optimism. While the provided content does not explicitly detail ADA's technical setup, the broader context of altcoin strength underscores a shift in risk appetite. XRP's recent performance, including a 4.75% seven-day gain and a 42% rise over eight weeks, reflects a broader trend of altcoin outperformance XRP Triangular Breakout to Send Prices to $12: Here’s …^[4]. This momentum is supported by on-chain metrics such as the MVRV "golden cross" for XRP, a historical signal preceding 630% and 54% rallies XRP Triangular Breakout to Send Prices to $12: Here’s …^[4].

Technical analysts emphasize key price targets for XRP, with projections spanning $12.60 to $36.76 based on Fibonacci extensions and Elliott Wave theory. JackTheRippler, a prominent crypto analyst, argues that XRP's multi-year triangle breakout could propel the asset to $8+ in the near term, citing historical patterns from 2017 and 2024 XRP Is Poised for a Major Breakout. Expert Sets Minimum Price …^[6]. Meanwhile, Dark Defender's analysis suggests a measured move from the descending triangle could see XRP reach $3.60 initially, with further targets at $5.85 and beyond XRP Price Nears Breakout as Technical Patterns Signal …^[5]. These predictions are underpinned by institutional inflows, including 340 million XRP accumulated in recent weeks XRP Price News: Consolidates Under $3 as Descending Triangle …^[2].

The XRP Ledger's utility is also gaining traction, with Ripple's RLUSD stablecoin and regulatory clarity post-SEC lawsuit cited as catalysts. A court ruling in 2024 classified XRP as non-securable, though market adoption has been gradual. Despite this, the token's on-chain activity-reflected in a Network Value to Transaction (NVT) ratio of 108.56-suggests undervaluation relative to transaction volume, a bullish indicator historically XRP Price Set for October Breakout — Could Q4 Send It …^[11].

Investors remain cautious, however, as technical risks persist. A breakdown below $2.75 could invalidate bullish scenarios, sending XRP toward $2.00 or even $1.80, according to bearish analyses XRP September Crash? Here's Why The Worst Isn't Over^[1]. The Federal Reserve's September 17 rate decision also looms as a macroeconomic wildcard, with a 25-basis-point cut priced in at 99% by futures markets XRP Price News: Consolidates Under $3 as Descending Triangle …^[2].

ADA's role in the altcoin rally, while less quantitatively detailed in the provided content, is contextually significant. The broader market's 0.90% weekly gain, outpaced by XRP's 5.19% rise, highlights a shift in capital toward high-utility tokens like XRP and ADA XRP Price Nears Breakout as Technical Patterns Signal …^[5]. This trend aligns with institutional adoption of blockchain infrastructure, particularly in cross-border payments, where XRP's network efficiency offers a competitive edge XRP’s Long-Awaited Breakout: Can the Momentum …^[10].

As the fourth quarter approaches, market participants are monitoring volume dynamics and regulatory developments. A sustained close above $3.00 for XRP could validate a multi-year bullish thesis, with some analysts projecting a $50 target by year-end Analyst Says XRP Will Pump Without Warning, Shares Bold Price …^[7]. Meanwhile, ADA's performance will likely hinge on broader risk-on sentiment and its own technical catalysts, which remain under the radar in this analysis.