ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal

XRP is staging a remarkable rebound, rising from early October lows of $1.77 to over $2.60, even as the ￰0￱ and Exchange Commission (SEC) prolongs its review of pending XRP ETF ￰1￱ Reading: $10K Is Coming: Arthur Hayes’ Zcash ‘Vibe Check’ Sparks 30% Moonshot The delays have sparked mixed market sentiment, yet XRP’s trading volume and technical setup indicate growing bullish ￰2￱ the weekend, XRP surged to $2.68, breaking critical resistance at $2.63 on a 147% volume spike, one of the largest in recent ￰3￱ explosive move coincided with renewed optimism following Ripple’s strategic acquisitions, including the integration of Ripple Prime and GTreasury, which CEO Brad Garlinghouse said place XRP “at the center of everything Ripple does.” XRP's price trends to the upside on the daily chart.), key indicators of trend ￰4￱ has also formed an inverse head-and-shoulders pattern, historically signaling potential for higher ￰5￱ Relative Strength Index (RSI) remains near 70, showing strong demand despite slightly overbought ￰6￱ expect a confirmed breakout above $2.70 to set the stage for XRP to reach the $2.90–$3.00 range in the near ￰7￱ indicators such as the True Strength Index (TSI) and rising open interest in CME XRP futures, which recently crossed $27 billion in notional volume, reinforce this bullish outlook.

However, traders are watching the $2.54–$2.58 support zone closely. A drop below this range could weaken momentum and invite short-term ￰8￱ Flows Signal Confidence in XRP’s Future While ETF delays have briefly dented sentiment, institutional accumulation around XRP remains ￰9￱ token’s rapid integration into U. S.-listed ETFs, expanding derivatives markets, and corporate adoption, including Evernorth’s treasury allocation, underscore growing confidence in Ripple’s long-term ￰10￱ demand continues to accelerate through vehicles like the REX-Osprey XRP ETF, which recently surpassed $100 million in assets under management, placing XRP as a mainstream financial instrument rather than a speculative ￰11￱ global crypto market capitalization hovering near $3.8 trillion and the Federal Reserve’s upcoming rate decision expected to ease liquidity constraints, analysts believe XRP could outperform peers in the next leg of the bull ￰12￱ Reading: Forget Inflation: Bitcoin Rallies When The Dollar Falls, Study Finds If buying pressure holds above $2.70, the $2.90 breakout target may only mark the beginning of a broader rally, one that cements XRP’s role at the heart of institutional digital ￰13￱ image from ChatGPT, XRPUSD on Tradingview