XRP Eyes $3.10 After XRPC Clocks $58 Million On Day One

• XRPC sets a $58 million record day-one volume on Nasdaq.
• XRP tests $2.70 to $2.85; $3.10 is the confirmation level.
• ETF flows deepen depth as triangle squeeze nears resolution.

XRP is breaking out, and the “why” is no longer a mystery. The token’s technical “ascending triangle” is resolving to the upside, a move that aligns with a “shock and awe” market debut of the Canary Capital Spot XRP ETF smashing its first day of trading on Nasdaq with a record $58 million in inflows.

Related: XRP Price Target Set at $10.70 in ‘Base Case’ Post-ETF Scenario; Citing Bitcoin’s $1.76T ETF Precedent

XRP Catalyst: Canary ETF Smashes Debut With $58M Inflows

XRP’s breakout fuel is institutional and verifiable. Canary Capital’s launch of the first US Spot XRP ETF on Nasdaq has been a stunning success which pulled in the record trading volume in a single session.

This new bid from a regulated, traditional market vehicle provides a critical new layer of institutional attention. This $58M “wall of money” is landing at the exact moment XRP’s technical structure was ready to break, providing the buying pressure to validate the move.

XRP Technicals: $58M Bid Triggers Ascending Triangle Breakout

This fundamental catalyst is triggering a textbook technical breakout. Analyst ChartNerd, who had been tracking the structure, noted the shift from a “descending triangle” into this bullish “ascending triangle” after buyers defended the $2.00–$2.20 accumulation band. 

Buyers then defended that zone and created higher lows across several weeks. These rising lows now press against the $2.70 barrier, which has acted as a ceiling since October. Hence, a breakout above this region may confirm a structural shift.

The ascending trendline remains critical as sentiment improves. Losing this support may return XRP to the prior accumulation area. Moreover, the current structure shows tightening price behavior, which often precedes significant directional expansion. Analysts say this compression phase could extend through December if price continues to coil.

Resistance Cluster Holds Price in Check

XrpArthur notes that XRP is challenging the yellow resistance band near $2.70–$2.85. This zone has rejected several rallies in recent weeks. A daily close above the region would mark the first strong confirmation of renewed momentum. Additionally, analysts point to $3.10 as the final barrier before a potential move toward the all-time high.

XRP trades at $2.35 after a mild decline today. The token still posts weekly gains despite short-term volatility. Significantly, the market cap remains above $138 billion as volume stays high. Tightening patterns reflect increasing trader engagement near these levels.

Related: XRP Price Prediction: Bulls Reclaim Control As Shutdown Resolution Sparks 4.8 Percent Rally