XRP-USD maintains $2.99 after 14% increase with Ripple $4 goal in sight

To the surprise of many, Ripple’s XRP has managed to maintain its $3.00 support level after experiencing a notable 14% increase in value over the course of the past week. This surge can be attributed to the influx of over $1 billion from large investors (whales), the presence of bullish wedge momentum, and growing optimism surrounding the potential approval of Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC). Experts in the field now anticipate a climb in XRP’s value to a range between $4 and $6 should the technical indicators align with the positive market sentiment. However, the crucial support level of $2.90 must be maintained to prevent a possible correction of 15% down to $2.60.

Despite the optimistic outlook, there are concerns about short-term risks that XRP faces. CoinGlass data reveals that there are more than $500 million in unsettled long positions below the $2.90 mark. If the price were to drop below $2.93 with conviction, it could trigger a cascade of selling leading to a drop of 15% to $2.60, coinciding with the 200-day exponential moving average. The Relative Strength Index (RSI), currently at a modest 52, suggests that there might still be room for further decline before oversold conditions prompt a rebound. It is essential for the bulls to uphold the price levels between $2.95 and $3.00 to sustain the upward momentum and potentially reach figures between $3.20 and $3.40 while invalidating any bearish fractals.

The recent price rally of XRP is taking place against a backdrop of heightened global uncertainty, including the ongoing U.S. government shutdown, which has prompted investors to seek safe-haven assets in both traditional and digital markets. The surge in gold prices to $3,900 per ounce and Bitcoin’s upward movement towards $120,000 serve as a testament to this trend. XRP, labelled as a “quasi-safe-haven altcoin” due to its stability compared to smaller cryptocurrencies, has attracted fresh capital from institutional investors looking to diversify their portfolios.

In conclusion, while XRP’s medium-term outlook remains positive due to factors such as whale accumulation, ETF prospects, and the broader demand for alternative assets, caution is advised. A breach above the $3.10 resistance level could propel XRP towards the $3.60 to $4.00 range, with further possibilities stretching to $5.80 to $6.00 by early 2026, provided that the momentum is sustained. On the contrary, a failure to hold above $2.90 might lead to a pullback towards $2.60 before buyers step back in. At present, XRP (XRP-USD) maintains a Buy rating above $3.00, supported by both structural and sentiment-based factors, while the market eagerly awaits a verdict on ETF approvals.