After a brief but sharp correction earlier this week, XRP price today has rebounded impressively, climbing back toward the $2.50 mark as traders regain confidence in Ripple’s native token.
The move comes amid improving market sentiment, renewed optimism around institutional adoption, and easing concerns tied to the broader crypto correction.
The current XRP price recovery highlights the token’s resilience following last week’s dip toward the $2.40 zone. Market data shows increased buying volume on major exchanges, suggesting that investors view the recent pullback as a temporary pause rather than the start of a deeper downtrend.
What’s Driving the XRP Recovery?
The recent rebound is being driven by a combination of technical, fundamental, and sentiment-based factors. Technically, XRP found a solid footing near its 20-day moving average, which has acted as a consistent support level since early October. This rebound indicates that bullish traders are defending the $2.40 region, while a breakout above $2.55 could confirm renewed upward momentum toward the $2.70 resistance.
XRP was trading at around $2.496, up 1.74% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Beyond technicals, renewed optimism surrounding potential XRP ETF approval and improved clarity on Ripple’s regulatory front have boosted investor sentiment. Following the resolution of major legal hurdles in the XRP lawsuit, traders are now focusing on Ripple’s expanding global partnerships and payment integrations, which could strengthen the token’s long-term fundamentals.
XRP Price Today: Key Support and Resistance Levels
As of Friday, the price of XRP trades just above the $2.50 handle, marking a steady rebound from this week’s intraday low near $2.38. This level has become a critical short-term pivot point for traders monitoring whether XRP can maintain its bullish structure heading into the weekly close.
XRP/USD remains capped below the $2.70 resistance trendline, with weakening momentum suggesting a potential pullback toward the $2.38 support zone. Source: DeGRAM on TradingView
If buyers continue to defend the $2.50 area, analysts expect a potential retest of $2.64, followed by a broader move toward $2.70 in the short term. On the downside, failure to hold this support could expose XRP to another decline toward $2.35. However, market sentiment remains cautiously optimistic, supported by consistent trading volumes and strengthening investor demand.
Market Analysts See Strength in Ripple XRP
Several analysts believe XRP’s recent performance reflects a healthy market correction within a broader uptrend. They point out that Ripple’s ongoing expansion across cross-border payment corridors could serve as a key catalyst for long-term appreciation. The company’s push into institutional liquidity services has also gained attention, further supporting bullish XRP price predictions for the coming months.
XRP has turned bearish after rejecting the $2.68 Wave 4 resistance, with a declining RSI indicating the start of a potential Wave 5 downturn. Source: CasiTrades via X
Moreover, with increased speculation about a Grayscale XRP ETF and potential U.S. exchange listings, traders are beginning to position for another leg higher. The token’s stability above the $2.40 level has been interpreted as a sign of accumulation among both retail and institutional participants, adding to the recovery narrative.
Outlook: Can XRP Sustain Its Recovery?
Looking ahead, XRP’s ability to maintain momentum largely depends on the broader crypto market direction and the return of risk appetite among traders. If XRP crypto price continues to close above the $2.50 threshold, market analysts suggest that a push toward $2.75 or higher remains within reach.
Long-term projections for XRP price prediction 2025 remain broadly bullish, with several models estimating potential valuations between $5 and $8 depending on institutional inflows, Ripple’s payment network adoption, and overall regulatory stability. For now, the token’s rebound from a sharp pullback to a firm footing at $2.50 signals renewed optimism that the recovery could extend well into November.