Key Insights:
- XRP price bounced off the $2.10–$2.20 zone and is now pushing to break above $2.50.
- Expert market pundit Ali Martinez shared a compelling chart suggesting that XRP could rally as high as $10 once it retests $1.90.
- All five proposed spot Ripple ETF funds from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares have now appeared on the DTCC list.
XRP price is still stuck inside a big descending wedge but still shows signs of flipping bullish once volume kicks in. The altcoin already bounced off the $2.10–$2.20 zone and is now pushing to break above $2.5. This level sits near a major supply zone, known as an order block, and aligns closely with the 200-day moving average.
Together, these elements create a dense resistance area where the moving averages, the previous supply block, and the wedge’s upper boundary converge to form a critical technical barrier.
Bullish Flag Forms on XRP Price as a Pullback to $1.90 Sets Up a Potential Run Toward $10
Expert market pundit Ali Martinez shared a compelling chart suggesting that XRP could be setting up for a major move. He believes XRP price is setting up a bullish flag, the kind of pattern that usually shows up right before the next move higher.
The setup even leaves room for a brief pullback toward $1.90, which could serve as a final test of support before the next rally unfolds. Martinez believes this dip might be exactly what XRP needed, a reset before the next leg up. If bulls take back control, he sees room for a run toward $10.
Right now, XRP’s stuck around $2.28 after weeks of sideways chop. The key levels are clear: resistance near $2.50–$2.70 and support around $2. A strong push through that ceiling with volume could flip the structure bullish again.
At the same time, another analyst, Steph is Crypto, discovered something striking on the latest Binance XRP/USDT liquidation heatmap. According to Steph,
“The XRP heatmap shows a massive liquidity wall between $2.55 and $2.75. Price is moving straight toward it.”
A closer look at the chart supports that view. The heatmap clearly highlights an intense band of liquidity just below the $2.75 mark. This zone glows bright yellow—an indication of heavy leverage concentration and potential liquidation clusters.
XRP has been recovering from the $2.10 level in recent weeks, with buyers consistently stepping in to defend key supports. That steady demand has kept the price from losing momentum. Now, as momentum builds, the focus naturally shifts to that upper liquidity wall.
A move past $2.75 could easily ignite fresh buying pressure, especially if short traders begin to cover their positions. However, if sellers defend that zone, a short-term pullback could follow before any further advance.
Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares: All Ripple ETFs Now Listed on the DTCC
All five proposed spot XRP exchange-traded funds — from Bitwise, Franklin Templeton, 21Shares, Canary, and CoinShares — have now appeared on the DTCC list. This move hints that preparations for a potential U.S. launch later this month are well underway.
Canary Capital, Bitwise, Franklin Templeton, and 21Shares have each submitted amended S-1 registration statements for their spot XRP ETF proposals.
The updated filings feature standardized listing language designed to streamline the SEC’s review process under existing 8(a) procedures, a move that aligns with how prior digital asset ETFs were processed.