XRP price prediction: Holds around $2.93 with ETF news lifting sentiment
XRP is trading around $2.93 on Wednesday, caught in a narrowing symmetrical triangle that has defined price action since mid-July. The token continues to compress between converging trendlines on the 4-hour chart, with price capped beneath short-term moving averages.
Highlights
- XRP price today trades near $2.93, compressing within triangle structure after multiple failed breakouts
- A confirmed move above $3.05 could test $3.30, while a break below $2.88 may expose $2.65 support
- SBI Holdings’ Bitcoin-XRP ETF filing boosts institutional interest in Asian markets
The 20 EMA near $2.97 serves as immediate resistance, while the 200 EMA at $2.9260 offers pivotal support. Price remains under all major EMAs, underscoring fading bullish momentum since its rejection from the $3.60 to $3.70 supply zone earlier this month.
Technical structure nears breakout threshold
After a series of lower highs and failed attempts to reclaim the $3.00 handle, XRP has settled into a consolidation phase. A Change of Character breakdown earlier this month and a weak rebound from the $2.88 low reflect a declining trend bias. Price has repeatedly failed to push past triangle resistance, most recently rejecting from the 50 EMA.
XRP price dynamics (Source: TradingView)
A decisive break below $2.88 would shift the structure decisively bearish, targeting the $2.72 to $2.65 demand zone. On the upside, a breakout above $3.05 would invalidate the pattern and potentially drive price toward $3.30 to $3.38.
ETF news adds long-term tailwind
While short-term price action remains muted, macro developments offer potential support. XRP registered a net inflow of $6.33 million on August 6, suggesting repositioning among holders. Importantly, Japan’s SBI Holdings filed for a dual-asset ETF tracking Bitcoin and XRP, marking a significant regulatory milestone. If approved, this would be Japan’s first crypto ETF to include XRP, strengthening its institutional appeal in Asian markets and offering a counterbalance to regulatory restrictions in the United States.
In our previous XRP coverage, we emphasized the importance of the $3.05 breakout level and the $2.88 support floor. That range continues to define the short-term outlook. Until a breakout or breakdown materializes, XRP remains range-bound, with triangle compression nearing resolution. Institutional narratives like the proposed ETF may ultimately shape medium-term sentiment.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
