XRP News Today: XRP's Wedge Wonders: ETF Hopes and $3.66 Dreams on the Horizon

XRP is currently forming a falling wedge pattern following a 61% upward movement from mid-2025 levels, with the token consolidating between a support level of $2.78 and resistance at $2.85. The narrowing price range within the wedge suggests a period of structured price action and reduced volatility compared to the prior rally. Traders have observed repeated tests of the $2.78 support, which has effectively contained downward pressure, while resistance at $2.85 has acted as a ceiling for upward movement. A successful breakout above this level could trigger a move toward $3.66, aligning with the technical momentum observed in recent price behavior. The dynamic trading volume reflects sustained interest in the market, supporting the current stability and potential for organized price variation within the wedge formation [1].

The 24-hour trading range for XRP has remained relatively contained, with the token fluctuating between $2.78 and $2.85 over the past day. This range reflects continued consolidation following the 61% rally over 16 sessions, which has positioned XRP as a notable price mover in the market. Active trading volume suggests ongoing participation and liquidity in XRP pairs, particularly in USDT and BTC pairs, where the token maintains a dominance of 1.5%. The presence of liquidity and structured price movement indicates that market activity is concentrated around the wedge, which could influence the direction of the next major price movement [1].

Technical analysts emphasize the importance of the $2.78 support level, which acts as a price floor and a critical threshold for intraday fluctuations. Resistance at $2.85 has been repeatedly tested, reflecting the structured nature of the market and the potential for a breakout. A confirmed breakout from the falling wedge could drive the price toward $3.1 and eventually the $3.4 resistance zone, while a breakdown would likely result in a move toward $2.4, where another significant demand zone exists. These levels serve as key indicators for market observers and traders, who are monitoring for signs of increased volatility that could lead to a directional move [2].

In addition to technical patterns, market participants are closely watching developments regarding potential XRP ETF approvals by the U.S. Securities and Exchange Commission (SEC). As of recent, 15 filings for spot XRP ETFs have been submitted, with the odds of approval rising to 87% on Polymarket. Nate Geraci, co-founder of the ETF Institute, has suggested that the actual probability of approval could be closer to 100%. If approved, these ETFs could significantly increase liquidity and institutional interest in XRP, potentially leading to a price surge similar to what was seen with BTC and ETH ETFs. Predictive models from AI tools like ChatGPT, Grok, and Gemini suggest a potential price range of $4 to $15, depending on market conditions and broader crypto sentiment [3].

Analysts have also noted that XRP’s price trajectory could be influenced by broader market trends, including Bitcoin and Ethereum performance. A breakout above the $3.00 resistance level could lead to an extension toward $3.30 or even $3.60, particularly if momentum and volume support the move. Conversely, a breakdown below the $2.80 level could see prices fall to $2.65 or $2.50. The overall market environment, including regulatory developments and institutional adoption, will likely play a key role in determining the next major price movement for XRP. While the current outlook remains neutral, increased volatility is expected as the market approaches key support and resistance levels [4].

Source:

[1] XRP Set for Major Breakout as Falling Wedge Forms After (https://www.bitget.com/news/detail/12560604953095)

[2] Ripple Price Analysis: XRP Consolidates Ahead of Next (https://cryptopotato.com/ripple-price-analysis-xrp-consolidates-ahead-of-next-major-move/)

[3] How High Will XRP's Price Go if All Ripple ETFs Are (https://cryptopotato.com/how-high-will-xrps-price-go-if-all-ripple-etfs-are-approved-in-2025-3-ais-give-big-predictions/)

[4] XRP price prediction: Will bulls push toward $3.60? (https://crypto.news/xrp-price-prediction-can-bulls-defend-2-85/)