- XRP trades near $2.54 as buyers defend key support within a tightening triangle.
- Ripple Prime acquisition boosts institutional adoption and strengthens XRP’s liquidity ecosystem.
- On-chain data and futures activity suggest growing bullish momentum toward a potential $2.90 breakout.
Ripple — XRP, is catching traders’ attention once again. The token trades near $2.54, showing quiet strength as buyers defend a critical support zone. Market sentiment has turned cautiously optimistic following Ripple’s growing institutional presence and expanding derivatives activity. With technical pressure building inside a long-term symmetrical triangle, traders are watching closely for signs of a breakout toward the $2.90 mark.
Buyers Defend Key Support as Triangle Tightens
XRP is moving within a well-defined symmetrical triangle on the daily chart. Support remains strong near $2.53, while resistance has tightened between $2.74 and $2.80. This pattern has formed since July, reducing volatility and setting the stage for a decisive move. The 20-day EMA at $2.53 and 50-day EMA at $2.69 form a key pivot area. Above that, the 100-day EMA near $2.73 overlaps with the descending trendline, marking a crucial resistance level.
A break above $2.80–$2.90 could shift sentiment toward a retest of previous highs above $3.20. If buyers fail to sustain momentum above the 200-day EMA at $2.61, the price may revisit $2.30. For now, the Supertrend indicator stays bearish at $2.89, but a daily close above that line could flip momentum in favor of bulls.Ripple’s recent corporate moves have helped reinforce confidence across the market.
The acquisition of Hidden Road, now rebranded as Ripple Prime, has been a major catalyst. The prime brokerage platform processes over $10 billion in daily transactions, adding institutional depth to Ripple’s ecosystem.Ripple plans to integrate the XRP Ledger and RLUSD stablecoin into Ripple Prime’s infrastructure. This integration enables clients to transact using RLUSD and settle trades on-chain through XRP’s network.
Institutional Momentum Builds Behind Ripple Prime Expansion
Ripple has been on an acquisition spree this year. The $1 billion GTreasury deal extended Ripple’s reach into enterprise cash management, while the Rail acquisition enhanced settlement connectivity. Together, these moves create a vertically integrated structure linking treasury operations, stablecoins, and prime services—positioning XRP as the bridge between them.
On-chain data supports this growing optimism. Coinglass reports $3.5 million in net outflows on October 25, showing accumulation as tokens left exchanges. Persistent outflows during October suggest reduced selling pressure and renewed investor confidence. Derivatives data also highlight growing institutional involvement.
Open interest sits near $4.05 billion, up 6.5% in one day. Futures trading volume rose 54% to $7.7 billion, while options activity more than doubled. These figures show increased demand for leveraged exposure as traders anticipate a move higher. The long/short ratio across major exchanges such as Binance and OKX remains positive between 1.42 and 2.23.
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