XRP price trades in narrow 4% range ahead of potential ETF filing
XRP price has had a notable month-to-date gain of 14% compared to other altcoin, but its price action has remained subdued this week, trading within a narrow 4% range between $2.405 and $2.505. Today’s European session saw slight gains of 1% to $2.470, reinforcing the theme of limited volatility. However, XRP’s 4-hour RSI remains in bullish territory, and the 50-day EMA at $2.420 is providing near-term support, suggesting the potential for further upside.
The altcoin is currently witnessing lack of volatility, despite the possibility of a U.S.-based exchange-traded fund (ETF). ETF analyst Nate Geraci believes approval is now a matter of time, pointing out that major financial institutions such as BlackRock and Fidelity could soon file applications. With XRP’s market cap exceeding $144 billion, its inclusion in ETF offerings would align with the broader trend of institutional adoption of crypto assets.
XRP price outlook: RSI stays bullish while 50-day EMA provides support at $2.42
From a technical perspective, XRP is consolidating, but a breakout above the current range could see the price climb toward last week’s high near $2.60. This would mark the third consecutive weekly high, reinforcing bullish momentum. The RSI supports continued gains, though traders will be watching for a decisive move above the consolidation zone.
XRP price dynamics (March 2025). Source: TradingView.
On the downside, if XRP fails to break out and loses the $2.420 support, the bullish outlook could be delayed, with further consolidation likely. However, with ETF speculation heating up and institutional interest rising, XRP remains fundamentally supported.
Overall, while price action has been constrained in recent sessions, the broader trend remains positive. The combination of technical support and growing optimism around an ETF could provide the catalyst for a renewed push higher, potentially setting the stage for a move beyond $2.60 in the near term.
Institutional inflows into XRP turned positive, with $6.77 million recorded last week.
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