ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal

XRP is staging a remarkable rebound, rising from early October lows of $1.77 to over $2.60, even as the U.S. Securities and Exchange Commission (SEC) prolongs its review of pending XRP ETF filings.

Technical Indicators Strengthen the Bullish Outlook

From a technical perspective, XRP’s chart paints a clear bullish picture. The token has moved firmly above both its 50-day and 200-day exponential moving averages (EMAs), key indicators of trend continuation.

It has also formed an inverse head-and-shoulders pattern, historically signaling potential for higher highs. The Relative Strength Index (RSI) remains near 70, showing strong demand despite slightly overbought conditions.

Analysts expect a confirmed breakout above $2.70 to set the stage for XRP to reach the $2.90–$3.00 range in the near term. Momentum indicators such as the True Strength Index (TSI) and rising open interest in CME XRP futures, which recently crossed $27 billion in notional volume, reinforce this bullish outlook.

However, traders are watching the $2.54–$2.58 support zone closely. A drop below this range could weaken momentum and invite short-term corrections.

Institutional Flows Signal Confidence in XRP’s Future

While ETF delays have briefly dented sentiment, institutional accumulation around XRP remains strong. The token’s rapid integration into U.S.-listed ETFs, expanding derivatives markets, and corporate adoption, including Evernorth’s treasury allocation, underscore growing confidence in Ripple’s long-term fundamentals.

Institutional demand continues to accelerate through vehicles like the REX-Osprey XRP ETF, which recently surpassed $100 million in assets under management, placing XRP as a mainstream financial instrument rather than a speculative token.

With global crypto market capitalization hovering near $3.8 trillion and the Federal Reserve’s upcoming rate decision expected to ease liquidity constraints, analysts believe XRP could outperform peers in the next leg of the bull cycle.