$XRP

We observe a short-term downward structure, especially after breaking the $3.00 level, which was considered an important psychological barrier. The liquidity directed towards withdrawals pressures buyers at this level.

On the other hand, there is a potential double bottom pattern around ~$3.09, which if broken upward towards $3.30, could trigger an extension of the movement towards $3.60 or more.

Elliott Wave analyses indicate that XRP may complete a corrective wave (Wave 2), which could pave the way for the launch of a third bullish wave driving the price to the range of $4 – $7 in the medium term.

Despite these signals, the current technical momentum shows weakness and a tendency towards negativity in the short term; indicators like MACD and EMAs currently show a negative characterization favoring sellers (selling pressures).

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⚙️ Fundamental factors and institutional drivers

Investors are closely monitoring Ripple's anticipated position regarding the ETF decision related to XRP, with the digital asset manager at BlackRock joining the Ripple Swell 2025 event, enhancing hopes for institutional support for the underlying value of the currency.

The CEO of Ripple Technologies clarified that future demand for XRP will stem from its increasing use in real payment transactions via the XRP Ledger, rather than being replaced by stablecoins like RLUSD, emphasizing how it supports the real infrastructure of the system's demand for XRP.