XRP price remains in focus as both technical structures and institutional commitments shape the narrative. Recently, VivoPower and Doppler Finance announced a $30 million XRP treasury boost, while network transactions surged to nearly $900 million daily. At the same time, chart analysis suggests the asset is preparing for potential breakouts. Together, these forces highlight a convergence of technical and on-chain drivers that keep XRP firmly in the spotlight.
XRP Price Analysis Shows Support Holding for a Rally Attempt
Analyst Javon Marks has emphasized that XRP price could sustain above the critical $2.47 level before targeting $4.80. His chart outlines this threshold as the foundation for a potential +66% rally, showing a clear structure where higher lows anchor bullish strength.
The resilience is notable, with past consolidations at similar stages often leading to steep upward moves. Therefore, his analysis points toward continued demand, where buyers consistently absorb corrections.
On the daily timeframe, XRP shows a descending channel pattern, tested repeatedly as price gravitates near $2.86. The bounce from $2.65 indicates active defense at lower boundaries, while overhead resistance remains near $3.40.
Should price break free from this structure, projections extend toward the $4.60 mark, echoing the analyst’s perspective. The measured magnitude of prior swings also supports this view, hinting at room for extension once barriers fall.
Moreover, XRP has consistently reacted with strong recoveries after each retest of support zones. This rhythm strengthens the case that XRP price could unlock higher ground if upward pressure persists.
With XRP’s current market value holding around $2.86, the setup illustrates a balance between firm support and the possibility of a breakout.
VivoPower and Doppler Finance Commit $30M as XRPL Activity Surges
Institutional interest has reinforced the technical backdrop, with the thirty million dollar XRP treasury launch by VivoPower and Doppler Finance. Plans are already in place to scale this commitment to $200 million, aimed at building long-term compounding yield strategies.
The move follows VivoPower’s earlier purchase of Ripple shares worth $100 million, further anchoring its XRP-centric treasury approach.
Simultaneously, XRPL activity has surged, recording daily payments ranging from $350 million to $900 million. These flows suggest strong transactional demand, amplifying the role of XRP as a utility asset.
Executives hailed the initiative as transformative, noting South Korea’s XRP community now represents nearly 20% of the supply. This alignment of capital inflows and robust network growth creates a dual foundation of strength.
Besides, the alignment also adds a layer of conviction that the asset is supported by more than speculative trading cycles. Together, these developments make a compelling case for renewed confidence in XRP’s trajectory.
Summary
XRP price now stands at a crossroads, supported by technical structures and institutional capital alike. Analyst projections remain intact, pointing to targets well above current levels. Meanwhile, network activity and treasury commitments build trust in its broader adoption story. These factors combined suggest XRP has the potential to chart a higher path in the months ahead.
Frequently Asked Questions (FAQs)
The $2.47 level is highlighted as a critical support, with holding above it opening room for potential breakouts.
The purchase reinforced VivoPower’s commitment to an XRP-centric treasury strategy, strengthening its institutional involvement.
With daily transactions ranging from $350M to $900M, XRPL’s activity demonstrates strong adoption and growing utility.
Coingape Staff
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