XRP News Today: ETF Countdown Begins as XRP Bulls Target a $3 Surge Breaking Out of Descending Triangle
- XRP stabilizes near $2.51 as buyers defend key support ahead of ETF launch, with bulls targeting $3 resistance. - Price action shows XRP in a descending triangle pattern, poised for potential $2.72+ breakout to $3.25. - ETF-driven optimism lifts XRP 1.5%, aligning with broader crypto gains as RSI improves from oversold levels. - Traders monitor $2.43 support and ETF timeline, with $3.00-$3.20 seen as critical next resistance cluster.
Stellar (XRP) is maintaining its position at $0.277 as buyers continue to protect a vital support area, with market observers highlighting increased accumulation ahead of the anticipated ETF launch period. The coin’s recent 2% climb to $2.51 has fueled bullish sentiment, with many now setting their sights on the $3 mark as a significant resistance point. This uptick comes after the first notable net buying activity in more than a week, suggesting that short-term rallies could emerge if the ETF schedule brings a regulatory boost, according to
From a technical perspective,
The RSI has bounced back to 46.3, signaling that selling pressure is easing after a prolonged oversold phase. This technical recovery is in line with wider market movements, as
Market trends indicate that if XRP can surpass $2.70 as ETF inflows grow, it may spark a broader rally toward $3 by mid-November. The current price movement highlights the significance of the $0.277 support as both a psychological and technical foundation for buyers. With the ETF timeline still in the spotlight, traders are watching trading volume and order activity closely to assess whether this rally can be sustained, as reported by Benzinga.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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