XRP Approaches Key Resistance Near $2.80 Amid ETF Interest and Potential Breakout Toward $3.70
The post XRP Approaches Key Resistance Near $2.80 Amid ETF Interest and Potential Breakout Toward $3.70 appeared on BitcoinEthereumNews.com.
XRP is approaching a pivotal breakout point as it tests resistance near $2.80, signaling potential for a significant rally toward $3.70 amid growing ETF interest. Institutional ETF filings involving XRP, backed by firms managing over $240 billion in assets, underscore increasing confidence and long-term commitment to the token. According to COINOTAG sources, the narrowing wedge pattern combined with low trading volume suggests that XRP’s price action in the coming sessions will be crucial in determining its near-term trajectory. XRP nears a critical breakout at $2.80 with strong ETF momentum and institutional backing, potentially driving the price toward $3.70 in 2025. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); XRP Approaches Key Resistance Level Amid Falling Wedge Formation The technical setup for XRP is increasingly compelling as it consolidates within a falling wedge pattern, a classic indicator of an impending breakout. Since May 2025, XRP has oscillated between $2.00 and $2.80, with volatility steadily contracting. This pattern reflects a market preparing for a decisive move, with the $2.00 support level proving resilient through multiple retests. The current price action pressing against the wedge’s upper boundary near $2.13 highlights growing buying pressure. A confirmed breakout above the $2.80 resistance would validate this bullish setup and likely propel XRP toward the $3.70 target, derived from the wedge’s vertical range. Volume and Price Compression Signal Imminent Breakout The wedge’s narrowing range and declining…
