XRP USD Price & Performance (XRPUSD)

XRP's price experienced a notable recovery, climbing 6% to $2.24 after Franklin Templeton filed for an XRP ETF with the SEC. This move has bolstered investor confidence, with speculation of significant capital inflows if approved. On-chain metrics also indicate potential price stability, suggesting a bullish outlook for the cryptocurrency.12

XRP is consolidating within a symmetrical triangle pattern, which often signals a continuation of the current trend. Analysts predict a potential breakout could push the price beyond $3, representing a 23% increase. However, confirmation requires closing above the upper trendline, highlighting the importance of technical indicators in forecasting.3

XRP faced downward pressure amid broader market declines, falling to $2.08. Concerns over U.S. recession risks and mixed policy impacts have dampened investor sentiment. Technical patterns, such as a head-and-shoulders formation, suggest potential further declines if key support levels are breached, signaling continued volatility ahead.45