XRP Price Eyes $3.20 as ETF Hopes and RLUSD Expansion Build

• XRP slipped 3.19% to around $2.76, underperforming the broader crypto market.
• Analyst Egrag flags key levels at $2.20 and $3.20, with a major move expected soon.
• Bullish forecasts see XRP climbing to $4 in the near term and $25 by end of 2025.

XRP slipped 3.19% in the past 24 hours to around $2.76, underperforming the broader crypto market’s roughly 2% decline. The drop leaves the token at a critical juncture where traders are watching closely for its next big move.

Analyst Egrag Flags Key Price Zones

Market analyst Egrag shared a chart pinpointing two crucial price zones. The first is near $2.20, a key support level that could be tested if selling pressure intensifies.

On the upside, a breakout toward $3.20 would signal a potential bullish reversal. Egrag notes that XRP has been stuck in a range for months and is now approaching a point where a strong move, either up or down looks increasingly likely.

Right now, sentiment is mixed. A decisive drop below $2.20 might open the door to a slide back toward the $1 range. But if buyers defend the rising support line and momentum returns, XRP could attempt a push toward $3.20.

Despite the short-term uncertainty, optimism about XRP’s long-term prospects remains high.

Developers and Analysts Eye $4

Prominent developer Harry Harald has returned to the community with a bullish forecast, sparking speculation that XRP could soon target $4. After dipping to $2.77 early this week and trading near $2.82, XRP remains below its July swing high of $3.66, consolidating near the $3 mark for weeks.

Harald’s tweet, his first since May, quickly gained traction among influencers like Alex Cobb, who projects a 42% surge to $4, an all-time high not seen since XRP traded above $3.84 in 2018.

Supporting this view, analyst Ali Martinez pointed to a TD Sequential buy signal on XRP’s 4-hour chart, a pattern that has historically been accurate 60–70% of the time on higher timeframes. 

Related: XRP Buy Signal Flashes; History Backs 70% Chance of Major Price Rally

Trader Unipcs and analyst Gonzo also highlight bullish technical signs, including a breakout from a downtrend and a strong hold above key Fibonacci and moving-average levels.

Big Picture Drivers for XRP

Beyond technical charts, several fundamental developments could fuel upside. For instance, Ripple’s settlement with the SEC has cleared a major hurdle and strengthened institutional confidence. Others include:

• ETF Momentum: Multiple spot XRP ETF applications have a reported 95% chance of approval by mid-October, potentially unlocking significant institutional inflows. 
• Stablecoin Expansion: Ripple’s RLUSD, a USD-backed stablecoin, is set to expand into Japan, bolstering the XRP Ledger’s role in global payments.
• Institutional Adoption: Global players such as Franklin Templeton, DBS, and BBVA are quietly integrating Ripple’s technology.
• Web3 researcher Phantom DeFi even predicts XRP could reach $25 by year-end 2025, nearly a tenfold increase from current levels.