XRP News Today: XRP Trapped at $3.11 Amid Bullish Hopes and Bearish Fears

XRP has remained in a state of price indecision around the $3.11 level, sparking intense debate among traders and analysts about whether this level will serve as a gateway for a sustained bullish breakout or a deceptive bull trap [1]. The asset reached as high as $3.06, briefly crossing above the $3 threshold, but failed to maintain the momentum, retreating from its recent gains [3]. The inability to hold above this level has cast uncertainty over the strength of the current upward movement.

The recent price fluctuations were partially fueled by a broader positive shift in the cryptocurrency market, driven by the Federal Reserve Chair Jerome Powell’s dovish remarks, which sparked optimism over potential interest rate cuts [2]. This sentiment led to a brief surge in XRP alongside Bitcoin and Ethereum. However, the rally was short-lived, and XRP soon faced a pullback, dropping as low as $2.79 amid $10.5 million in liquidations [3]. The price has since stabilized above $2.60, hinting at a possible support floor emerging beneath the critical $3.11 level [3].

Analysts remain divided over the implications of XRP’s price action. Some view the current consolidation as a key turning point that could pave the way for a stronger bullish trend if XRP can successfully break through the $3.11 psychological resistance level [4]. Others caution that the pullback may signal a bearish reversal, suggesting that the $3.11 level could be more of a trap than an opportunity [5]. The uncertainty is compounded by broader market headwinds, including ETF outflows and stalled momentum in Bitcoin near $113,000 [5].

Meanwhile, Ripple continues to strengthen its strategic position in the digital finance space. A notable development is the partnership between Ripple and SBI to launch the RLUSD stablecoin in Japan by early 2026 [6]. This initiative not only enhances Ripple’s role in financial infrastructure but also provides additional potential support for XRP’s value proposition.

Institutional interest in XRP is also on the rise. Major players such as Grayscale and Bitwise have submitted amendments to their spot XRP ETF proposals, signaling increased recognition of XRP as a viable investment asset [7]. These developments come in the wake of the court’s confirmation of the closure of the Ripple v SEC case, which has provided a clearer legal framework for XRP [8].

As traders continue to monitor the $3.11 level, the interplay of market sentiment, regulatory clarity, and institutional adoption will likely determine whether this price point leads to a new bullish phase or signals the onset of a more significant correction. The outcome remains uncertain, but the broader ecosystem surrounding XRP continues to evolve in ways that could influence its future trajectory.

Source: [1]XRP Crypto News (XRP) - Public.com (https://public.com/crypto/xrp/news)

[2]Bitcoin, Ethereum, XRP, Dogecoin Explode Higher After Dovish Powell Speech (https://www.benzinga.com)

[4]Watch Out For XRP and Solana as Price Action Flashes Bullish Signals, Analyst Says (https://coindesk.com)

[5]Moon or Doom: XRP Market Flips Bearish—Is It Over? (https://decrypt.com)

[6]Ripple partners with SBI to roll out RLUSD stablecoin in Japan by Q1 2026 (https://theblock.com)