TLDR
- XRP price drops 3.46% despite record-breaking ETF launch generating $37.7 million volume
- Analysts predict 226% surge to $9.90 with potential breakout to $20 based on technical patterns
- TD Sequential indicator shows buy signal while accumulation patterns mirror previous bull runs
- Institutional interest grows with tokenized fund plans and CME futures options development
- Token faces resistance at $3.00 level with support established around $2.91-$2.92 zone
XRP price experienced volatile trading despite the historic launch of the first U.S. spot XRP ETF. The cryptocurrency fell 9% over 24 hours, trading between $3.014 and $2.70 as institutional profit-taking overwhelmed bullish momentum.
The new XRP ETF set records with $37.7 million in opening day volume, marking the largest ETF debut of 2025. However, this institutional interest failed to prevent a midnight crash that drove XRP price down 2% in a single move.
Trading volume exploded to 261.22 million during the selloff, four times the daily average. Liquidations totaled $7.93 million, with 90% hitting long positions as bears took control.
Technical Analysis Shows Bullish Signals
Despite recent price weakness, two prominent analysts maintain bullish XRP price predictions. Trader Javon Marks identifies potential for a 226% surge to $9.90 based on technical patterns.
Marks compares current price action to previous accumulation phases that preceded major breakouts. His analysis suggests XRP could reach $20 if it breaks above the $9.90 level.
Chartist Ali Martinez supports this bullish outlook, pointing to a buy signal on the TD Sequential indicator. This technical tool helps identify trend reversals and suggests XRP price may start a new upward trend.
The 4-hour chart shows improving momentum after recent consolidation. Technical indicators now favor buyers despite the recent selloff, according to Martinez’s analysis.
XRP price established resistance around $2.93-$2.94 after attempting to recover from the crash. Support formed at $2.91-$2.92, tested multiple times during the volatile session.
Exchange reserves hit 12-month highs, indicating potential supply pressure. This could limit upside moves despite growing institutional adoption of XRP.
Growing Institutional Adoption
The ETF launch represents expanding institutional confidence in XRP price prospects. Traditional investors can now gain exposure through regulated products offering faster settlement.
Plans for tokenized funds on the XRP Ledger demonstrate continued institutional development. These products will trade like tokens while providing exposure to regulated investment vehicles.
CME Group’s plans for XRP and Solana futures options add another institutional product. This expansion shows growing acceptance of XRP in traditional financial markets.
Federal Reserve policy remains a key factor for cryptocurrency markets. Markets price in near-certain September rate cuts that typically support digital asset prices.
XRP Price Prediction
Current XRP price action shows mixed signals for future direction. Technical analysts identify bullish accumulation patterns similar to previous bull runs.
However, resistance persists near the $3.00 psychological level. XRP price needs to reclaim and hold above $3.00 to confirm bullish predictions of $9.90 targets.
Volume patterns and institutional flows will determine whether XRP can break above resistance. The combination of ETF interest and technical signals creates potential for upside breakouts.
Exchange data shows high reserves that could create selling pressure. Bulls need strong buying momentum to overcome this potential supply overhang.
XRP closed at $2.92 after testing both support and resistance levels during the volatile 24-hour period.
