What to Know:
- XRP is currently trading above the critical $2 level, a zone that has historically influenced price action.
- Technical analysis suggests potential upside targets of $6.50 to $7.20 if the $2 support level holds.
- Recent ETF inflows totaling $164.04 million indicate growing institutional interest in XRP.
Ripple’s XRP is maintaining its position above the $2 mark, a key level closely monitored by traders and investors. The cryptocurrency’s ability to sustain this support is crucial for future price movements. Market participants are keenly observing whether XRP can maintain this level amidst broader market dynamics.
XRP is currently trading around $2.20, demonstrating a 7% gain on the day and a 3% increase for the week. Analyst Ali Martinez has pointed out the formation of a right-angled ascending broadening wedge, highlighting the $2 support as critical. A successful hold could potentially drive XRP towards $6.50 to $7.20, based on historical patterns.
According to Glassnode data, the $2 level has been associated with significant realized losses in the past. Instances in 2025 saw weekly losses ranging from $500 million to $1.2 billion when XRP approached or breached this level. This suggests that many holders may have entered positions near this zone, leading to selling pressure when the price revisits it.
Recent analysis indicates that XRP remains above the 200 EMA on the 3-day chart. Despite the 50 EMA nearing a cross below the 200 EMA, which could signal bearish sentiment, some analysts argue this might not necessarily indicate a bear market. Similar patterns in 2017 and 2021 were followed by substantial upward movements.
The launch of new exchange-traded products has spurred institutional interest in XRP. ETF inflows have reached $164.04 million in a single day, indicating strong initial participation from institutional investors. Grayscale’s XRP ETF recorded $67.36 million in net inflows on its first day, while Franklin Templeton’s ETF saw inflows of $62.59 million.
These ETF listings on NYSE Arca have created new access points for professional investors, reflecting growing institutional exposure to XRP. The substantial inflows align with recent price action, reinforcing demand at a time when broader markets are experiencing volatility, potentially setting a bullish stage for XRP.
Source: Original article
