XRP is pressing against the wedge ceiling near $2.13; a clean breakout could unlock a rally toward the $3.70 zone.
ETF filings from firms with $240B+ in assets show XRP is gaining serious institutional attention and long-term backing.
With the wedge narrowing and volume low, the next few sessions could define whether XRP holds $2 or surges past $2.80.
XRP is nearing a critical breakout point after several weeks of trading within a falling wedge formation. A confirmed move above $2.80 could unlock upside momentum and send the price toward $3.70 soon.
XRP Builds Energy Near Major Resistance
The XRP chart by CryptoWZRD shows clear tightening within a falling wedge. Since May 2025, XRP has moved between $2.00 and $2.80 with shrinking volatility. This setup often appears before a breakout, especially after repeated tests of key support. XRP has bounced off $2.00 more than once, making that level critical to its short-term structure.
https://twitter.com/cryptoWZRD_/status/1939037152475500933
The wedge shape signals compression, not weakness. Now that the price is back near $2.13 and pressing on the upper trendline, market watchers are growing alert. The focus turns to $2.80 - a price that has rejected attempts in the past and still stands as a barrier. If broken, the technical structure opens space toward $3.70.
Compression inside this wedge is visible in the consistent lower highs and flat support. It’s not random. This pattern builds pressure until either bulls or bears break it. The upside target of $3.70 isn’t guesswork - it’s based on the depth from wedge top to bottom. This same setup has shown similar breakouts in XRP cycles before.
Institutional Moves Put XRP in the Spotlight
XRP is no longer just a retail trader’s token. Eleven ETF proposals now involve XRP, from players controlling over $240B in assets. 21Shares, WisdomTree, and Franklin Templeton are all part of this. Some filings suggest leveraged exposure. Others aim for broad institutional coverage.
These filings change how XRP is seen. It’s not about speculation anymore. It’s about access, scale, and strategy. If approved, XRP ETFs would shift liquidity and visibility in a big way. This interest also adds weight to XRP’s price action now.
Still, XRP needs volume behind any breakout. A clean move above $2.80 must come with strength. Otherwise, there’s a risk of rejection and a fall back toward the $2.00 support. This price range now acts like a pressure cooker.
Traders are watching XRP closely. The wedge is almost full. The following moves will set the tone for the rest of 2025.
The post XRP Faces Key Breakout as Price Presses $2.80, Could Target $3.70 If Confirmed appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
