XRP price today is drawing renewed attention after chart analysts identified a potential bull flag pattern, a classic technical formation that often precedes upward breakouts.
At the time of writing, the current XRP price is hovering near $2.86, as per TradingView. Analyst @TheTraderRoom suggests a confirmed breakout above $3.35 could shift the market structure in favor of the bulls. “If volume confirms and sentiment improves, $3.35 may act as the pivot point for a stronger rally,” he explained.
Conflicting Signals in XRP Chart Analysis
Despite the bullish outlook, not all analysts agree. A chart breakdown shared by @KubrickShining points to near-term challenges, citing resistance around $3.04 and potential support zones at $2.70 and $2.42. The Relative Strength Index (RSI) trending below 33 adds weight to bearish arguments, highlighting oversold conditions.
XRP may face rejection near $3.04 with potential downside extending to $2.42. Source: @KubrickShining via X
TradingView’s recent data shows a modest 0.53% daily decline in XRP crypto price, reinforcing concerns that broader market weakness could drag the token lower. Coinbase also reported a 4.29% decline in the total crypto market cap last week, coupled with a 13.41% drop in Bitcoin trading volume—factors that may impact XRP’s trajectory.
Market Sentiment and Recent Developments
Beyond technical signals, XRP news today points to structural developments shaping investor sentiment. The launch of the first U.S.-listed XRP ETF attracted roughly $37.7 million in initial trading volume, signaling robust demand despite short-term selling pressure.
XRP was trading at around $2.85, down 0.47% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Ripple has also expanded partnerships with financial institutions, including DBS and Franklin Templeton, to tokenize money market funds on the XRP Ledger (XRPL). Active account numbers surpassing 7 million, alongside over 1 million daily transactions, reflect growing network adoption. Analysts note that this fundamental strength may limit downside risks.
Key Levels and Short-Term XRP Price Prediction
In the short term, XRP is consolidating near the $2.80 zone after briefly slipping below $2.95. Buyers are attempting to defend this level, while stochastic RSI indicators hint at an oversold recovery. If momentum builds, resistance levels at $2.95 and $3.05 may come into play before testing the more ambitious $3.35 target.
XRP shows bullish consolidation with a trend change level at $3.35, forming a bull flag within a diagonal pattern. Source: @TheTraderRoom via X
Well-followed analyst Ali commented that “buying pressure could accumulate around $2.70, potentially triggering a rebound toward $3.50 and even $3.60.” This aligns with other XRP price prediction 2025 forecasts that suggest recovery may hinge on investor demand and regulatory clarity.
Outlook: Watching the $3.35 Resistance Zone
The price of XRP remains at a crossroads, balancing bullish chart setups against broader market headwinds. Traders are closely watching the $3.35 resistance level as a potential trigger for the next significant move. If broken, it could pave the way toward $3.60 in the medium term.
For now, XRP continues to consolidate, with the interplay of technical patterns, institutional adoption, and macro market sentiment likely to decide whether Ripple XRP can turn its bull flag formation into a confirmed breakout.
