The XRP price is attracting new attention as momentum builds around a crucial zone that trading has repeatedly shaped this year
Summary
- XRP price is testing the crucial resistance range from $2.63 to $2.70 after strong weekly gains, with renewed market optimism and institutional flows boosting momentum.
- Recent developments, including Yellow Network’s XRPL EVM sidechain integration and Ripple USD surpassing a $900 million market cap, are strengthening the fundamentals of the chain and ecosystem.
- Technical indicators point to a bullish structure, with a confirmed position above $2.70 likely paving the way for a move towards $3 and possibly $3.60 if momentum continues.
At the time of writing, the XRP price is trading at $2.66, up 1.5% in the past 24 hours and 9.2% over the week, according to market data from crypto.news. This rebound, which aligns with a broader market lift, has pushed the token into the $2.63 to $2.70 range.
The area has acted as a decisive band since earlier this year, switching between resistance and support across multiple tests on the daily chart. With the XRP (XRP) price exploring this zone for a second time in October, attention is turning to whether it can finally secure acceptance above it.
New fund flows and derivatives positioning have added fuel, with a recently launched spot
Meanwhile, Ripple USD (RLUSD) has surpassed a market cap of $900 million, reflecting growing activity across the ecosystem. Together with rising spot ETF assets and higher open interest on CME futures, these developments indicate increasing institutional participation and give the token more momentum to move past the key price zone.
XRP’s price breakout increases as buyers target $3
The Ripple token broke out of a symmetrical triangle after several days of consolidation and entered the $2.63 pivot band that has limited its price since mid-October. The breakout candle is above the upper trendline of the triangle and keeps buyers in check intraday
The relative strength index (RSI) hovering around 54 and rising indicates that momentum is increasing after the compression phase. Volume remains active around 35 million that day, supporting the validity of the move rather than a weak fakeout
A firm daily close and hold above $2.70 would open a clean run towards $3, with $3.09 the next clear resistance. From there, a routine pullback to retest $2.70 as support would be healthy and could provide a stronger base for continuation.
If $2.70 moves towards support on that new test, the next measured increase points to the $3.60 region, in line with the range ceiling established in July. Conversely, the inability to hold $2.63 would neutralize the breakout and risk sliding back to $2.45 if momentum fades.
