XRP is currently trading in a tight range between $2.80 and $3.00, having recently fallen below the psychological $3.00 mark to around $2.82–$2.90. This consolidation follows a 12% price drop from $3.01 to $2.70, despite the launch of the first U.S. spot XRP ETF (REX-Osprey XRPR), which recorded a record $37.7 million in opening day volume.
Institutional backing continues to grow, with partnerships such as Ripple's collaborations with DBS Bank and Franklin Templeton bolstering long-term confidence. Technical analysts point to bullish signals, including a buy indication on the TD Sequential indicator and accumulation patterns reminiscent of past bull runs. Notably, trader Javon Marks predicts a 226% surge to $9.90, with potential to reach $20 if key resistance levels are broken.
However, risks remain: a break below $2.80 could lead to further declines toward $2.60–$2.50, driven by profit-taking and high exchange reserves. The market watches for a decisive move above $3.10 to confirm upward momentum toward $3.30–$3.60.