XRP Price Today: XRP Retests $2.50 as Bulls Target the $2.80–$3.00 Breakout Zone
XRP is consolidating near $2.50, holding key support while bulls aim for a decisive breakout above the $2.80–$3.00 resistance zone.Summary
The XRP price is currently trading around $2.50, showing a 4% rise over 24 hours, despite a dip in daily trading volume suggesting cooling retail interest while whales accumulate. Analysts note that XRP is coiling within a tightening wedge pattern, holding above ascending support near $2.45, with a strong close above $2.60 potentially confirming a breakout toward $2.80.
On-chain data indicates continued liquidity withdrawals from exchanges, which, combined with declining exchange reserves, suggests accumulation by large holders positioning for a rally. Fundamental support comes from Ripple's expansion, including the acquisition of GTreasury. The market is also watching for the upcoming U.S. CPI report, as macro conditions could influence risk appetite.
For the bullish outlook to continue, XRP must maintain support above $2.35. A successful breach of the $2.80–$3.00 resistance could signal the next major rally leg, potentially targeting $3.50; however, failure to hold $2.35 risks a correction toward $2.10.
(Source：Brave New Coin)