Pennant Breakout Ahead? Tech Founder Comments Suggest XRP Price Rally on ETF Hopes

XRP price sits inside a tightening pennant structure, edging toward a point where the next big move feels close. The chart shows both upward and downward tests, compressing into thinner ranges as buyers and sellers battle for control. At the same time, EasyA co-founder Dom Kwok has stressed that ETF approval could pull in record inflows for XRP. His comments don’t predict a rally directly but point to capital strength flowing into the market.

XRP Price Action: Pennant Tension Builds Ahead Of Breakout

The XRP current price continues to coil tightly, pressing near the $3.10 line while defending support around $2.87. These repeated reactions are shaping a bullish pennant pattern, often seen before significant expansions.

A confirmed break above $3.10 could open space toward $3.37, with further room into the $3.60 zone. If buyers stretch momentum further, the XRP price could push beyond $4.

On the flip side, failure to protect $2.87 may pull price back toward $2.70, offering a fresh retest before any rebound. Such conditions underscore why many investors frame this setup as key for the long-term XRP price forecast.

Supporting this view, the DMI reveals a slow but steady rise in positive strength as +DI holds above –DI. The parabolic SAR dots are now positioned under price, hinting at a shift favoring upward control.

Compression since July’s highs adds weight to the idea that pressure is ready to release. Therefore, if volume joins any push, XRP could move through layers of resistance more decisively than before. Every step higher could also trigger more inflows from traders seeking continuation plays.

XRP price action — XRP/USD 4-Hour Chart (Source: TradingView)

Tech Founder Hints At Billions Ready To Pour Into XRP

EasyA co-founder Dom Kwok believes an XRP ETF would inject enormous new capital into the market. XRP has a strong liquidity and a wide holder base, which makes it a promising candidate.

He says that XRP has a market size second only to Bitcoin and Ethereum but is significantly cheaper, which makes it more appealing to retail investors. With the ETF structure, millions of new investors would be able to access XRP.

Kwok underlines that it is not about brief price action but consistent long-term inflows that reinforce the market position of XRP.

The US SEC recently extended filing deadlines of 21Shares, Grayscale, Bitwise, CoinShares and Canary Capital to October. It also stated that a proposal by Cboe BZX to launch an ETF named WisdomTree XRP will be subject to a longer review period, with a decision scheduled on October 24. The changes provide the market with additional time to evaluate the potential of an XRP ETF.

Summary

XRP finds itself primed for an upward shift with both technical and external forces aligned. The pennant structure has compressed to a point where sharp expansion is the most probable outcome. Combined with Dom Kwok’s projection of record ETF inflows, the setup heavily favors a bullish continuation. Together, these drivers position XRP for a breakout that could lift the asset well beyond immediate resistance levels.

Frequently Asked Questions (FAQs)

An ETF could bring record-breaking inflows, widening access to retail and institutional investors alike.

The SEC has postponed rulings, with multiple ETF filings now awaiting critical October deadlines.

XRP offers lower entry costs, broader accessibility, and strong liquidity, making it appealing for mass adoption.