XRP climbs above $2.25 as technical indicators and ETF buzz align

XRP has maintained steady gains above the $2.250 level, with momentum supported by multiple technical indicators and strengthening fundamentals.

At the time of writing, XRP is trading at $2.28, up 0.59% in the past 24 hours, according to market data. The cryptocurrency associated with Ripple remains firmly above $2.250, supported by the 100-hourly Simple Moving Average.

Source: CoinMarketCap

A short-term contracting triangle pattern has formed on the hourly chart of XRP/USD, with resistance near $2.280.

A confirmed breakout above this resistance could push the price toward key levels of $2.320 and $2.350 in the coming days.

The hourly structure shows initial resistance around $2.280, followed by $2.2850, which aligns with the 76.4% Fibonacci retracement of the recent downtrend from $2.3111 to $2.197.

If momentum persists, the next hurdles could be $2.40 and $2.420. A larger rally could take the price to $2.50, a key psychological level.

Conversely, if the price fails to break through $2.2850, support lies at $2.260 and $2.2320. A breakdown below $2.2320 could open up further losses toward $2.20 and $2.150.

Triangle, wedge and golden cross patterns favour XRP rally

XRP’s broader chart setup points to a potential breakout supported by multiple technical formations. A symmetrical triangle has developed on the daily chart, typically preceding sharp moves.

At the same time, Bollinger Bands have tightened, suggesting reduced volatility and a potential price squeeze.

The pattern is evolving into a bullish pennant, with a breakout potentially targeting the yearly high of $3.40—a nearly 50% upside.

XRP is also maintaining an upward trajectory above a trendline formed since 21 June.

This level recently acted as a bounce point, forming a bullish engulfing candle followed by a spinning top—suggesting buyer interest amid market uncertainty.

Technical indicators such as a golden cross, where the 50-day EMA moves above the 200-day EMA, signal further bullish intent.

The RSI is hovering in a neutral zone, allowing room for upside. Key supports now lie at $2.21 and $2.17, with resistance at $2.32 and $2.38 before the next leg higher.

Institutional adoption and smart contract integration

Institutional participation in XRP has seen a significant uptick. Grayscale recently added XRP to its Digital Large Cap Fund (GDLC), placing it alongside major cryptocurrencies like Ethereum, Cardano, and Solana.

This move underscores growing confidence among institutions in XRP’s long-term value.

In the same week, XRP emerged as the third-most-acquired asset among institutional investors, only behind Bitcoin and Ethereum.

Ten ETF applications for XRP have been filed, and market sentiment reflects strong optimism for approval.

An XRP ETF would mark a pivotal moment for the token, unlocking further exposure and possibly triggering large-scale inflows.

Analysts project short-term price movement above $2.50 if the ETF-related decisions, expected around October, yield positive outcomes.

The launch of Ripple’s Ethereum Virtual Machine (EVM) sidechain for the XRP Ledger further supports the project’s use-case expansion. Developers can now deploy Ethereum-based smart contracts directly on the XRPL, broadening XRP’s functionality.

This cross-chain interoperability adds utility and may attract decentralised application (dApp) developers, driving organic demand for the token.

Market sentiment and macroeconomic support

Beyond technicals and institutional demand, XRP's performance is also being influenced by broader market conditions.

A risk-on sentiment has returned to financial markets, with the Nasdaq 100 and S&P 500 reaching new highs.

Meanwhile, the US Dollar Index has weakened, which historically correlates with stronger demand for alternative assets like cryptocurrencies.

Market watchers are closely tracking the outcome of the ongoing Ripple legal case, as well as regulatory announcements tied to crypto ETFs.

These developments could act as short-term price drivers.

A successful resolution in Ripple's favour, combined with institutional inflows and technical confirmation, could propel XRP firmly above $2.50.

If current momentum holds, XRP is positioned to benefit from a convergence of favourable chart patterns, macroeconomic trends, and rising institutional recognition.

With a decisive move above $2.38, bulls may look to challenge the $2.50 mark and beyond, eyeing $3.40 as a longer-term target.