Xrp Price ‘looking Very Bullish’ After 25% Weekly Gain: How High...

XRP is rebounding strongly from $2, with multiple indicators suggesting upside toward $3.30–$3.50 is possible in the coming weeks.

XRP (XRP) has rebounded nearly 25% from the $2 psychological level in the past week, with tailwinds from strong daily ETF inflows exceeding $164 million following the launch of Grayscale's GXRP and Franklin Templeton’s XRPZ.

XRP stays bullish above $2, with chart technicals pointing toward $3.30–$3.50.

Resistance at $2.23–$2.50 could bring back the bears for a drop to $1.82.

On Friday, XRP defended the $1.95–$2.05 support band of a prevailing parallel channel.

This zone has repeatedly acted as support since December 2024, with each retest leading to bounces of 75%-90% to the channel’s upper boundary near $3.50.

The XRP/USD pair may gain as much as another 57% by year’s end if the setup plays out as intended.

Analyst Mikybull Crypto further cited the behavior of on-balance volume (OBV) as a key reason for the bullish shift.

OBV is a straightforward method for determining whether actual buying or selling is occurring behind the scenes. When it rises, it means genuine buyers are stepping in; when it drops, sellers are in control.

For XRP, OBV bounced from a major support area right as the price touched $2. That’s important because it shows real spot buyers stepped in, instead of exiting, said Mikybull.

Source: CoinTelegraph