XRP Holds at Crucial $2.75 Support as Traders Watch for Breakout

XRP’s price action is sitting at a critical juncture, with the altcoin consolidating at the base of a descending triangle — a pattern that often signals bearish ￰0￱ token hovered around the $2.75 support level on Friday, but analysts warned that sustained selling could push prices down toward the $2.65 to $2.45 ￰1￱ a move would represent an 8% to 10% decline, coinciding with a daily fair value gap (FVG) overlapping the 0.50–0.618 Fibonacci retracement ￰2￱ area could act as a liquidity magnet while offering a potential springboard for a bullish ￰3￱ Data Signals Strong Buyer Interest Onchain metrics support the view that XRP may be approaching an important liquidity pocket.

Glassnode’s Unrealized Price Distribution (URPD) showed a dense cluster of buyers between $2.45 and $2.55, indicating a strong cost basis for many ￰4￱ price returns to this range, buyers may defend it aggressively, potentially laying the groundwork for a ￰5￱ altcoin’s current behavior mirrors its fractal pattern from the first ￰6￱ has already tested the $2.65 mark twice, but historical price structures suggest a sweep below this level into the liquid-heavy FVG could occur before a sustainable rally ￰7￱ Patterns Could Lead to Volatility Market watchers have noted similarities between today’s setup and earlier ￰8￱ patterns showed weakness heading into the weekend, followed by an FVG sweep early the following ￰9￱ this plays out again, XRP could revisit the $2.50 zone as soon as Monday.

However, analysts caution that historical fractals do not guarantee a repeat performance. A decisive break above $2.90 could invalidate the bearish structure altogether, but current momentum still favors one last dip into the $2.50 ￰10￱ and ETF News Fuel Uncertainty Sistine Research observed that XRP may be entering a significant expansion phase in the coming ￰11￱ analysis highlighted how XRP’s tight price action over the past 10 weeks has compressed its order book, leaving larger gaps between ￰12￱ marks the third compression phase since the US elections in November 2024 and the tightest so far, built on three consecutively higher price ￰13￱ conditions have historically preceded sharp breakouts as built-up liquidity is ￰14￱ analyst Pelin Ay pointed to spot market flows as evidence of the battle between buyers and ￰15￱ 90-day spot taker CVD indicates that sellers remain in control despite brief bursts of buyer strength earlier in 2025.

A sustained upside move will require a decisive shift in volume from buyers, which has yet to materialize. Meanwhile, ETF news adds another layer of ￰16￱ Templeton’s XRP ETF decision has been postponed until Nov. 14, while REX/Osprey’s XRPR product debuted with nearly $38 million in first-day ￰17￱ warn that optimism may already be priced in, heightening the risk of a “sell the news” reaction when decisions are finalized.