$XRP ETFs officially launched yesterday alongside $DOGE ETFs. Traders expected instant fireworks, but no explosive move followed. Instead, XRP is now building a foundation, looking for momentum and a smart launchpad to fuel its next leg.
The XRP chart is bouncing around $0.299. This level acts as a short-term cushion, but a break below it opens direct downside risk toward $0.26. Holding above this zone is critical for maintaining bullish momentum.
On-chain data reveals sustained accumulation since August 22, with significant positioning built between $2.70–$3.00 following July’s profit-taking. Selling pressure has been absorbed, and new investor cohorts are entering the market. This rotation hints at strong hands preparing for a longer move.
If XRP maintains support above current levels and ETF inflows build, price action could stage a breakout in Q4. A clean launchpad here sets the stage for a potential rally toward $5.00–$5.50. The setup is forming — stay alert, because the next leg could define XRP’s trajectory into year-end. 🚀
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