XRP Next Move: Volatility Expected Awaits Breakout
The short-term price of XRP, currently around $2.50, is locked in a tight consolidation phase (a symmetrical triangle pattern) and is highly volatile. The key factor for its next move is the imminent launch of a spot XRP Exchange-Traded Fund (ETF), which is expected to trigger institutional capital inflow.
Bullish Scenario: A decisive close above the major resistance zone near $2.65 could confirm a breakout, aiming for $2.85 to $3.10. This is likely to be fueled by ETF-related news.
Bearish Scenario: Failure to break resistance or a drop below the key support at $2.20 could lead to a deeper retracement toward $2.00.
