Saad Ullah
XRP just exploded with a 77% volume surge to nearly $7 billion as the price bounced hard off $3 support and briefly hit $3.30. That kind of volume doesn't happen for no reason – something big might be brewing.
The weekend was crazy for XRP, but the $3 level held strong. When key support doesn't break after getting tested, it usually means the next move is up. Trader CasiTrades posted on X that while XRP hit resistance around $3.20, the solid $3.00 hold is bullish. She thinks this could be wave 2 of an Elliott Wave pattern, setting up a move toward $3.82 and potentially new all-time highs.
XRP Price Gets ETF Boost
What could really send XRP flying is a U.S. spot ETF. The first XRP ETF already started trading, opening the door for more SEC approvals. When institutions can buy crypto through traditional products, it changes everything – just look what Bitcoin ETFs did for BTC. XRP could be next for that institutional money flow.
XRP Price Chart Shows Breakout Setup
The 4-hour chart shows XRP forming a descending triangle after bouncing from $3. These patterns often lead to upward breakouts, especially with solid support. XRP's been making lower highs but the lows are holding steady, creating pressure for a move up. If it breaks through the triangle, the next target is $3.65.
That massive $7 billion volume surge makes this setup even stronger. High volume plus technical patterns usually mean powerful breakouts. If Elliott Wave theory is right and we're starting wave 3 (the strongest part of bull runs), $3.65 might just be a stepping stone. With ETF momentum and bullish charts, 2025 could be XRP's breakout year.
Saad Ullah
