Ripple’s XRP is currently trading above the $2.00 mark, a significant level that traders have closely monitored due to its historical volatility. At present, XRP is trading around $2.20, reflecting a daily increase of 7% and a weekly rise of 3%. With a 24-hour price range between $2.04 and $2.28 according to CoinGecko, market observers are determining whether this support level will maintain its strength or lead to further losses.
Analysts highlight that XRP is forming a right-angled ascending broadening wedge, characterized by a flat support level near the $2 mark and a progressively expanding upper boundary. Expert Ali Martinez emphasized that the integrity of the $2 support is crucial, as failure to hold could prompt traders to reassess their short-term strategies. If this support continues to hold, there is potential for XRP to rally towards $6.50 to $7.20, based on historical price movements in similar patterns.
Data from Glassnode reveals that the $2-level has historically resulted in significant realized losses, with past instances leading to weekly losses ranging between $500 million to $1.2 billion whenever XRP tested or breached this critical point. These losses have occurred at various intervals throughout 2025, particularly in March, April, and November, indicating that many investors may have bought near this level and sold at a loss when prices dipped.
On a technical level, XRP remains above the 200 Exponential Moving Average (EMA) on the three-day chart. Although the 50 EMA is approaching a crossover below the 200 EMA—a characteristic often associated with bearish trends—analyst Egrag Crypto suggests this does not necessarily indicate a prevailing bear market. He referenced similar circumstances in 2017 and 2021 that preceded substantial upward movements.
Furthermore, XRP has recently broken out of an intraday descending broadening wedge, influenced by strength in its pair against Bitcoin. The asset is now encountering resistance near $2.2703. A breakout above $2.2770 could signal valid long entry opportunities, provided it is corroborated by Bitcoin’s price movement.
Adding to the bullish sentiment around XRP, institutional interest has surged following the recent launch of new exchange-traded products (ETFs). Kyle Chassé reported net inflows of $164.04 million into XRP ETFs within a single day. Notably, Grayscale’s XRP ETF attracted $67.36 million on its first trading day, while Franklin Templeton’s ETF garnered $62.59 million.
The introduction of these ETF listings on NYSE Arca offers new access points for professional investors, illustrating strong initial participation and increasing institutional exposure to XRP. These inflows not only bolster demand but also align with XRP’s price movements during a period marked by broader market volatility.
