XRP latest news: consolidates below $3.04 resistance — legal clarity and ETF hopes support outlook

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XRP Rises 2.82% Today on ETF Hopes

Highlights

XRP trades at $2.8105, below the MA-20 ($2.948) and MA-50 ($3.0886), signaling short-term selling pressure despite long-term support near $2.483.
Pending XRP spot ETF applications from Grayscale and Bitwise and 340 million-token whale accumulation underscore strong institutional interest following legal clarity from Ripple's SEC lawsuit resolution.
Despite mixed momentum signals and mildly oversold RSI, XRP is expected to consolidate between $2.8549 and $2.9763 in the next five days, with a 75% probability of rangebound action below $3.04 resistance.

Institutional interest grows amid ETF reviews and legal clarity

Pending spot XRP ETF applications by firms such as Grayscale and Bitwise are currently under review, with market participants watching for decisions that could affect institutional adoption in the U.S. Heavy whale accumulation, totaling roughly 340 million tokens in recent weeks, highlights strong long-term investor confidence. The resolution of Ripple's SEC lawsuit, resulting in legal clarity for XRP on U.S. exchanges, adds further support.

Mixed momentum signals as intraday strength challenges bearish bias

Momentum signals are mixed on the daily chart, with MACD indicating bearish bias while ADX reads as neutral and shows low directional strength. The RSI and CCI both reflect mildly oversold conditions, and the Stoch RSI also points to an oversold setup, hinting at short-term exhaustion from sellers, while BBP’s neutral tone suggests neither side dominates intraday. Awesome Oscillator aligns with the selling trend. The daily trading session saw a moderate gap higher at the open, with price rising 2.82% intraday and current levels near the high of today’s range. Volatility is moderate, and intraday action demonstrates strength toward the highs despite lingering divergences between oscillators and momentum readings.

Consolidation likely as upside hinges on breakout above resistance

For the next five trading days, XRP is expected to fluctuate between $2.8549 and $2.9763. The probability of a sustained price increase is 75%, while a decline scenario is less likely. The baseline scenario calls for XRP to remain rangebound, consolidating just below resistance near $3.04. A bullish breakout would require a decisive move above $3.04, opening the way toward $2.98 and possibly higher. In the bearish scenario, failure to hold above $2.85 and renewed selling could send the price back toward the stronger long-term support near $2.48.

Anton Kharitonov, expert at Traders Union, sees XRP consolidating beneath immediate resistance, with technical signals pointing to a neutral to cautiously bullish range. He believes that long-term support remains intact, but short-term sellers are active and a breakout above $3.04 is required for sustained upside. "Until XRP reclaims $3.04 with conviction, I remain focused on capital protection and prefer to avoid chasing potential hype-driven moves."

Last time we reported that whale selling and technical pullback intensified the decline in XRP as large holders reduced their positions. The article stated that rising geopolitical and economic uncertainty continued to create a risk-off environment for investors.

Source of Data: XRP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.