Bulls target $2.65 in next move for Ripple-Linked Token

Institutional flows accelerated on Tuesday as XRP broke from broader crypto weakness, posting steady gains amid improved regulatory clarity and controlled accumulation across key support zones.

News background

  • XRP rose 1.55% to $2.53 in Tuesday’s session, outperforming the broader crypto market by 2.33 percentage points. The gain came as investors continued to build positions on renewed optimism around regulatory progress and ETF development, while broader digital assets traded mixed.
  • Canary Capital, Bitwise, Franklin Templeton and 21Shares filed amended S-1 registration statements for spot XRP exchange-traded funds that introduced standardized listing language designed to streamline SEC review under existing 8(a) procedures.
  • The five spot XRP ETFs have been listed on the DTCC ahead of a potential US launch this month.
  • Trading volume rose 20.71% above its seven-day moving average, confirming institutional participation. Market data showed 140.2 million tokens changed hands during the session’s high – 86% above the 24-hour moving average – underscoring sustained professional flows to higher price levels.
  • XRP’s move contrasts with sector underperformance, highlighting the token’s decoupling as regulated exposure expands globally and on-chain data points to controlled accumulation among large holders.

Summary of price action

  • XRP is trading within a $0.13 intraday range and advanced from $2.47 to $2.54 while forming higher lows of $2.45, $2.50 and $2.52.
  • The breakout attempt at $2.57 met with resistance as profit-taking emerged, although buyers held firm above the $2.52-$2.53 zone to confirm near-term support.
  • The volume distribution showed disciplined accumulation rather than speculative spikes, with buying concentrated around mid-levels – consistent with institutional scaling behaviour.
  • Late session trading posted sustained bid activity above $2.52 as volatility normalized from early session highs.

Technical Analysis

  • XRP maintains its bullish structure on the 4-hour chart, with the RSI at 58 supporting further upside potential. The MACD remains positive with an extended histogram, indicating a strengthening of the short-term momentum.
  • The token’s failure to break above the $2.57 resistance highlights near-term consolidation risk, although the broader uptrend remains intact as long as the price holds above $2.50.
  • Volume patterns reinforce constructive positioning: the 21% rise above the average coincided with stable volatility bands, suggesting controlled accumulation.
  • Order book depth across major exchanges shows consistent buy-side layers between $2.48 and $2.52 – an early signal of institutional defenses ahead of macro catalysts.

What traders should know

  • XRP’s ability to hold above $2.50-$2.52 remains key to sustaining bullish momentum.
  • A daily close above $2.57 would confirm breakout continuation targeting $2.65-$2.70, while failure to defend support could trigger a corrective move towards $2.45-$2.47.
  • Analysts note that ETF advances and Ripple’s increasing institutional partnerships continue to support long-term confidence, although near-term overextension risks warrant caution ahead of major data releases later this week.

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