Even with the dip, momentum remains in favor of the bulls, thanks to strong institutional demand, a bullish crossover on key moving averages, and a breakout in the XRP/ETH ratio. Investors are now watching closely to see if XRP can push to $4.50, a level supported by recent technical signals and ETF inflows.
XRP price slipped by 3.2% today, falling below the key $2.91 level and currently hovering around $2.87. This drop comes after XRP briefly crossed $3 for the first time since March, following a strong seven-day rally from $2.24. The pullback is largely attributed to broader market weakness and short-term profit-taking. Despite the dip, technical indicators like the 50-day and 150-day SMA convergence suggest the bullish trend isn’t over yet. Analysts believe this drop could be temporary, especially with institutional demand rising through the XXRP ETF, which has now crossed $284 million in assets.
Despite today’s minor pullback, XRP still holds a bullish outlook on multiple fronts. The most important technical signal comes from the bullish convergence between the 50-day and 150-day simple moving averages (SMAs)—a classic sign that an uptrend could soon resume.
This trend is supported by the Directional Movement Index (DMI), which shows the positive DI rising while the negative DI drops, meaning buyers are still in control. The Average Directional Index (ADX) is also sloping upward, confirming the strength of the trend that recently pushed XRP from $2.24 to $3 in just seven days.
For the bullish case to hold, however, XRP must break through the resistance zone between $3.05 and $3.16. Without a close above that area, buying pressure could stall in the short term.
Another key factor behind XRP’s current momentum is the XRP/ETH ratio, which recently broke out of a two-month consolidation range, according to chart data from TradingView. When this ratio climbs, it shows XRP is outperforming Ethereum—an important signal for market strength. This move comes alongside increasing interest from institutional investors. The Teucrium XXRP ETF, launched just four months ago, has now amassed over $284 million in assets under management. That kind of capital flow is significant, as it reflects large-scale investor confidence.
Additionally, XRP futures trading on the CME saw a $1.3 million increase in volume last week, showing continued appetite for exposure from professional traders and institutions.
These developments suggest that the market may be entering a new phase where institutional inflows and outperforming ratios could keep XRP bullish longer than previously expected.
In the short term, XRP remains bullish, but only if it can hold key support levels and break past resistance.
Short-term bullish scenario:
Short-term bearish scenario:
At the moment, the bullish technicals outweigh bearish risks, but caution remains if volume dries up or Bitcoin faces more downward pressure.
Long-term bullish outlook:
Long-term bearish risks:
Right now, XRP’s price sits just under a key breakout level, and the charts are flashing bullish signals—SMA convergence, ADX strength, and a rising XRP/ETH ratio. The Teucrium ETF’s $284M AUM and increased CME volumes show institutional players are clearly interested.
The next major test is whether XRP can close above $3.16. If that happens, the path to $4.50 becomes much more realistic.
But like all crypto assets, XRP’s journey will depend on both internal strength and the broader market conditions. Traders and long-term holders alike will be watching closely.
Q1: Why did XRP price drop by 3.2% today?
XRP dropped due to profit-taking and broader market weakness after briefly crossing $3.
Q2: What is the current XRP price today?
As of now, XRP is trading around $2.87 after falling below the $2.91 mark.