What to Know:
- XRP is testing a critical $2.70 resistance level, potentially signaling a bullish continuation.
- Technical analysis draws parallels to XRP’s 2017 breakout, suggesting significant long-term upside.
- Ripple’s strategic acquisition of Hidden Road, now Ripple Prime, marks its entry into institutional brokerage.
XRP is capturing the attention of traders as it approaches a key resistance level of $2.70, a price point that could trigger a significant rally. The recent formation of a bullish weekly candle suggests strong buying pressure and a potential reversal of previous downtrends. Investors are closely monitoring whether XRP can break through this barrier, potentially paving the way for substantial gains.
The current chart setup for XRP is drawing comparisons to its breakout in 2017, a period that saw exponential growth. Similar to that time, XRP has broken above a long-term resistance block and is maintaining support within previous accumulation zones. Fibonacci extension levels indicate potential long-range targets at $8, $13–$15, and even $27, based on historical expansion patterns.
$XRP has printed a weekly bullish close with an engulfing candle 🎯
Breaking above $2.70 and staying above such level is the main objective. A higher low could form if met as resistance 👍
Reversal signals are printing. Great signs for continuation macro. Be prepared 🎉 pic.twitter.com/FJGlGWLaRn
— 🇰🇿 ChartNerd 📈 (@ChartNerdTA) October 27, 2025
Since January, XRP has been trading within a rising channel, recently bouncing off the lower boundary near a 10-month trendline support. This sustained support level reinforces the idea of ongoing accumulation, suggesting that investors are holding onto their XRP in anticipation of future price appreciation. Some analysts note the lack of downside liquidity, suggesting that any significant demand could propel the price higher.
Ripple’s strategic moves are also contributing to a positive outlook, with the recent completion of its $1.25 billion acquisition of Hidden Road, now Ripple Prime. This acquisition marks Ripple’s entry into the institutional brokerage space, potentially attracting more significant investment and broadening its market reach. As Ripple expands its institutional footprint, it could further solidify XRP’s position in the market.
Overall, the technical indicators, historical parallels, and strategic developments surrounding Ripple suggest a cautiously optimistic outlook for XRP. While market sentiment remains mixed, the potential for a breakout above $2.70 and Ripple’s expansion into institutional services could drive further gains. Investors will be closely watching XRP’s price action and Ripple’s strategic initiatives in the coming months.
Source: Original article
