XRP Price Nears Key Monthly Close Amid Upcoming ETF Launch

TLDR:

• XRP trades at $2.20 as traders monitor major technical markers that may guide its next market direction.
• Analysts note a close above $2.60 boosts structure, while $3.40 marks a major trend shift in XRP’s setup.
• A close below the 21-month EMA risks weakening long-term structure, keeping XRP in a narrow decision zone.
• The new XRP ETF launches as institutional inflows rise, adding attention during a critical monthly phase.
  

XRP is showing a narrow 24-hour decline while holding a strong gain over the past week. 

The market now approaches a crucial monthly close that could define the next major direction for the asset.

Traders are closely watching key technical levels that may determine whether the current structure strengthens or weakens. With liquidity rising and new institutional interest emerging, XRP enters a period marked by both opportunity and risk.

Critical Levels Shape XRP’s Macro Setup

XRP’s current structure sits on a major technical threshold as analysts observe monthly price behavior. Market Analyst EGRAG Crypto described the chart as straightforward, with specific levels acting as decisive markers for broader trend direction. 

According to his post, a close above $2.60 places the asset above the Fib 0.5, suggesting that broader strength may begin forming, even though the macro outlook would not yet be settled.

He further noted that the level at $3.40 remains the key line that shifts the entire trend. A monthly close above the Fib 0.888 represents a structural breakout where price momentum may accelerate after a long consolidation period. 

This scenario would indicate that XRP has regained full upward traction following years of suppressed activity.

On the lower end, EGRAG Crypto warned that the 21-month EMA remains the last support level preventing broader breakdown. He explained that a close beneath it would damage the long-term pattern, resetting projections and weakening momentum. 

XRP currently trades slightly above this support, leaving the market in a narrow band of uncertainty.

Institutional Activity Adds Pressure Ahead of Monthly Close

XRP also enters the upcoming session with increased institutional attention. 

The 21Shares XRP ETF begins trading on  Monday, adding another regulated product tied to the asset. This development arrives shortly after institutional inflows reached $666 million, creating additional interest around the token’s performance.

The ETF launch aligns with a period where traders assess whether new liquidity supports the ongoing recovery. 

Although the price shows a minor decline in the past 24 hours, the broader weekly move reflects continued market engagement. The $3.24 billion trading volume as of writing reinforces steady participation during a tense phase for the asset.

Even with new institutional activity, XRP remains confined between the 21-month EMA and the Fib 0.5 and 0.888 levels. 

This creates a narrow zone where market sentiment may shift quickly depending on the upcoming monthly close. As it stands, XRP trades in a position where both upward continuation and downside pressure remain possible.

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Source: https://blockonomi.com/xrp-price-nears-key-monthly-close-amid-upcoming-etf-launch/