Ripple’s XRP has seen a significant increase of over 10% within the last 24 hours, reaching a trading price of approximately $2.50. This follows a notable recuperation from levels below $2.20 earlier in the week.

The accompanying trading volume has also surged past $4 billion, leading to new discussions regarding the implications of this movement—whether it signals the onset of a genuine rally or merely a fleeting reaction.

Patterns Repeating, Yet Confirmation Essential

For more than a year, analysts have been observing recurrent price formations in XRP. The token has shown a tendency to trend sideways for extended periods before breaking out with vigor. Similar patterns were evident in 2023 and once again in 2025, with the current price range consolidating between $1.90 and $3.50.

According to ChartNerd, XRP may be approaching another phase of expansion. A chart dubbed “The Staircase to Valhalla” indicates potential price targets of $8, $13, and $27, assuming the breakout persists. This setup is based on a symmetrical triangle that XRP seems to have exited, compounded with support from established long-term trend lines.

$XRP: Targets = $8 > $13 > $27 🎯
This macro fractal of mine will continue to emerge unless invalidated. Time is our friend here, and we are ever so close to takeoff 🚀
— 🇬🇧 ChartNerd 📊 @ChartNerdTA

Resistance Levels Under Scrutiny

Attention is drawn to the $2.4 threshold, which has functioned as a resistance level in recent sessions, according to CRYPTOWZRD. A breakthrough above this level might pave the way for a rise to $2.55, with daily resistance observed at $2.75 and support nearby at $2.27. Traders are monitoring these areas, especially as Bitcoin continues to sway the broader market.

Recent candles on daily and weekly charts revealed indications of buying pressure, yet the price action remains unresolved. Some traders believe a surge from BTC could instigate a stronger movement in XRP, while others await a definitive breakout to commit.

Continuing Selling Pressure

Recent blockchain metrics suggest some apprehension among long-term holders. Data from Glassnode revealed that experienced wallets have been liquidating assets during dips, a behavior which diverges from historical market cycles. Concurrently, large holders have disposed of over 500,000 tokens within a span of just two days, raising concerns about overall market sentiment.

Despite selling activities, XRP rebounded sharply following political events. A statement from former President Donald Trump, which promised $2,000 stimulus checks and a recommencement of government operations, appeared to uplift cryptocurrency markets broadly.

Furthermore, multiple asset managers, including Bitwise, Franklin Templeton, and 21Shares, have submitted revised S-1 filings this week for proposed spot XRP ETFs. These filings include standard language tailored for SEC review processes. All five funds are now listed on the DTCC, marking a crucial progression towards potential launch.

The timing of these submissions coincides with a notable rise in institutional interest in XRP, paralleling trends observed with Bitcoin and Ethereum ETFs, where subsequent approvals followed similar updates. While uncertainty remains regarding the SEC’s eventual response, the entire operation appears to be advancing.