Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
Share
XRP is trading at $2.99 after dropping 1.38% in the last 24 hours with $4 billion in trading volume. It touched $3.10 earlier this week before pulling back, despite positive news including a U.S. listed XRP ETF. Analysts say XRP could retest $2.90, with near term charts showing both caution and opportunity.
Analysts Eye $2.90 as Key Support for XRP
Market strategist Casitrades says $2.98 is the immediate support XRP must hold to avoid further downside. He sees a dip to $2.92-$2.94 as a “foundation zone” that could stabilize price action and set up a bounce.
Other traders echo this view, noting that XRP’s repeated tests around the $3 mark reflect healthy market interest. Instead of a breakdown, they argue the consolidation could be creating a base for recovery. That optimism rests on holding the $2.90–$2.98 corridor, which has now become the battleground for both bulls and bears.
- Divergence suggests potential short-term upside.
- Analyst Casitrades warns of $2.90 test if $2.98 breaks.
- $2.92–$2.94 viewed as a solid recovery zone.
XRP and Dogecoin ETFs Record $54M on First Day
Despite near-term caution, XRP continues to benefit from growing institutional recognition. The debut of the first U.S.-listed XRP and Dogecoin ETFs drew remarkable demand, recording $54.7 million in trading volume on launch day.
The XRP ETF (ticker XRPR) captured $37.7 million—marking the largest day-one volume of any ETF launched in 2025. Dogecoin’s ETF (DOJE) also impressed with $17 million, placing it among the top five performers of more than 700 new ETF listings this year.
The strong response underscores deepening investor appetite for altcoin-based financial products. Historically, most ETFs debut with only $1 million in daily trading. That XRP’s ETF exceeded expectations by such a wide margin reinforces its status as one of the most established digital assets in the market.
ETF Demand Highlights Investor Confidence
Despite short-term pressure, XRP continues to attract institutional attention. The debut of the first U.S.-listed XRP and Dogecoin ETFs drew strong demand, with combined day-one trading volume hitting $54.7 million.
The XRP ETF (XRPR) led with $37.7 million — the largest opening volume of any ETF launched in 2025.
Dogecoin’s ETF (DOJE) also impressed with $17 million, ranking among the top five performers out of more than 700 new ETFs this year.
For comparison, most ETFs launch with only around $1 million in initial trading. XRP’s exceptional debut underscores growing investor appetite for altcoin-based financial products and reinforces its position as one of the most established digital assets in the market.
XRP Technical Outlook and Future Price Path
Technically, XRP’s chart shows a descending triangle, a structure formed by lower highs pressing against firm horizontal support. The 50-day EMA is at $3.00, resistance, while the 200-day EMA is far below at $2.15, reinforcing the long term trend.
Fibonacci retracements from the July rally have $2.99 as the 0.382 level now under pressure, $2.79 the 0.5 retracement.
Momentum is mixed. The RSI is at 50, neutral. Candlestick patterns show rejection at the trendline, momentum is fading. Above $3.25 and it’s bullish, $3.43 and $3.66. Below $2.90 and it’s bearish, $2.79 or $2.58 before buyers step in.
For traders, $2.79-$3.25 is the range. Holding support and it’s a measured move to $3.60 and above, in line with ETF inflows.
Looking ahead, if liquidity and institutional participation continues to grow, XRP’s long term trend is intact, and $5 in the next big cycle is not out of the question.
Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the BTC ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.
By combining BTC’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development.
The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.
Momentum is building quickly. The presale has already crossed $17.2 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012945—but that figure will increase as the presale progresses.
You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.
Click Here to Participate in the Presale
Credit: Source link
