XRP price today is trading near $2.85, hovering inside a tightening symmetrical triangle that has contained price action since July. The token continues to find support near $2.83–$2.80, aligning with the 100-day EMA, while resistance remains defined by the descending trendline around $2.95–$3.00.
XRP Price Coils Inside Symmetrical Triangle
The daily chart highlights a contracting structure, with XRP approaching the apex of its multi-month triangle pattern. Price has bounced off the ascending support trendline, confirming buyers’ defense near $2.80, which coincides with the 50-day EMA at $2.85 and the 100-day EMA at $2.63.
Momentum indicators remain neutral. The RSI at 44.5 shows subdued strength, suggesting that traders are waiting for confirmation before re-entering positions. A break above $3.00 would mark a bullish breakout, potentially targeting $3.20–$3.40, while failure to hold above $2.80 could expose the token to a deeper correction toward $2.63.
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On-Chain Flows Reflect Steady Accumulation
Exchange data from Coinglass shows a modest $4.2 million net outflow on October 8, suggesting mild accumulation amid low volatility. The trend follows a series of controlled outflows through early October, reflecting cautious accumulation rather than large-scale selling.
Historically, sustained outflows during compression phases have preceded directional moves, implying that market participants may be positioning ahead of a potential breakout. Analysts note that any uptick in inflows without price deterioration could validate renewed buying interest.
Institutional Endorsements Fuel Optimism
Market sentiment turned positive after Teucrium CEO Sal Gilbertie publicly stated that XRP holds “real utility” and represents the coin with the strongest use case in the crypto space. His remarks sparked renewed optimism about institutional recognition for XRP’s role in cross-border settlement systems.
This endorsement arrives as S&P Global announced plans to launch the S&P Digital Markets 50 Index, combining cryptocurrencies and crypto-linked equities into a single benchmark. Such developments highlight XRP’s growing alignment with institutional-grade exposure frameworks, reinforcing its credibility among traditional investors.
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Technical Outlook For XRP Price
XRP price prediction for the short term focuses on the breakout levels of its compression zone:
- Upside targets: $3.00, $3.20, and $3.40 if the breakout materializes.
- Downside supports: $2.80, $2.63, and $2.55 as critical defense zones.
- Trend base: $2.40 as the longer-term structural support.
A daily close above $3.00 would confirm bullish continuation, while losing $2.80 could signal a breakdown and delay upside targets.
Outlook: Will XRP Go Up?
XRP remains at a pivotal stage as traders await resolution from the tightening triangle. With institutional recognition from figures like Sal Gilbertie and S&P Global’s upcoming crypto index, market sentiment leans cautiously bullish.
As long as XRP price today holds above $2.80, the setup favors an eventual breakout toward the $3.20–$3.40 range. A decisive move above $3.00 would strengthen bullish conviction, while losing $2.80 could trigger a temporary pullback before renewed accumulation.
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