TLDR
- XRP price hits $3.10 with 3.2% daily gains and 62% volume increase to $7.36 billion
- New REX-Osprey XRP ETF records $37.7 million trading volume on launch day
- RSI at 58.26 and bullish MACD signals indicate continued upward momentum
- Key resistance at $3.20 could trigger breakout toward $3.30 target
- Weekly gains of 3.01% show sustained bullish trend despite market volatility
XRP price reached $3.10 today, posting 3.2% gains in the past 24 hours. Trading volume surged 62.12% to $7.36 billion, reflecting increased investor interest in the third-largest cryptocurrency.
The price rally coincided with the successful launch of the REX-Osprey XRP ETF. The new fund attracted $37.7 million in trading volume on its debut day, far exceeding typical ETF launch expectations.
Bloomberg ETF analyst Eric Balchunas noted that most new ETFs generate around $1 million in initial volume. The XRP ETF’s performance marked the largest day-one volume for any 2025 ETF launch.
Weekly data shows XRP gained 3.01% over seven days. This steady growth pattern demonstrates resilience against broader cryptocurrency market fluctuations.
Technical Indicators Support Bullish Outlook
Current technical analysis reveals strong momentum indicators for XRP price. The Relative Strength Index stands at 58.26, well below overbought levels and suggesting room for additional gains.
The RSI signal line reads 53.31, confirming the upward trend without immediate reversal signals. These readings indicate healthy buying pressure without excessive speculation.
MACD indicators also support the bullish thesis. The MACD line shows 0.02226 against a signal line of 0.01144, with a histogram of 0.03370 demonstrating positive momentum divergence.
Crypto analyst Egrag Crypto identified critical price levels for XRP’s next moves. Downside support sits at $3.03, which could serve as a retest point before further advances.
A break below $3.03 would target $2.85 as the next support level. However, a close above $3.20 would signal continued bullish momentum and potentially trigger the next rally phase.
Derivative Market Activity Increases
CoinGlass data shows growing derivative market interest. Trading volume jumped 79.70% to $9.04 billion across all platforms, indicating broader market participation.
Open interest increased 6.96% to $9.11 billion. The OI-weighted funding rate remains at 0.0105%, suggesting balanced market sentiment without extreme positioning.
The ETF launch created additional institutional access to XRP exposure. Within 90 minutes of trading, the fund had already captured $24 million in volume, demonstrating strong institutional demand.
Combined with Dogecoin ETFs, the new crypto funds generated $54.7 million in total trading volume. This performance exceeded analyst expectations and signals growing institutional acceptance of alternative cryptocurrencies.
XRP Price Prediction
XRP price faces immediate resistance at $3.20, which represents a key technical level. A successful break above this threshold could trigger momentum toward the $3.30 target identified by analysts.
The $3.30 level serves as a critical breakout point that could confirm the current uptrend. Reaching this price would validate the bullish thesis and potentially extend the rally further.
Current technical indicators support continued upward movement. The combination of healthy RSI readings, positive MACD signals, and strong volume suggests XRP has room to advance toward these targets.
Derivative market data reinforces the bullish outlook, with increasing open interest and balanced funding rates supporting the current price structure.
