XRP Eyes $2.60 Resistance, $2.00 Support Amid ETF Optimism
XRP is trading in a descending channel since October, now testing resistance near $2.60 after fluctuating between $2.40 and $2.55. The $2.00 support zone (1.95–2.10) has historically held during corrections; a clear hold could trigger a rebound. Technical indicators show reduced upward momentum with lower highs and an RSI around 68. On the upside, breaking $2.60 and $3.30 could pave the way to Fibonacci extension targets at $8.50, $13.70 and $27.40. ETF developments are bolstering XRP flows: the REX-Osprey XRP ETF raised over $110 million in its first month, while Bitwise updated its NYSE-listed altcoin ETF application (0.34% fee). Altcoin ETFs like Litecoin (LTC) and HBAR saw significant early inflows, suggesting ETF optimism may support XRP liquidity and price. Traders should monitor volume at $2.00 support and ETF news for potential breakout signals.
Bullish
ETF inflows are underpinning XRP’s price outlook: the REX-Osprey XRP ETF secured over $110 million in its first month, and Bitwise has filed for a NYSE-listed altcoin ETF with a 0.34% fee. Historical data shows that altcoin ETFs like LTC and HBAR see strong initial inflows that boost liquidity and price. Additionally, the $2.00 support zone (1.95–2.10) has repeatedly held during pullbacks, indicating limited downside. A sustained hold above $2.00 and a break of $2.60 resistance could trigger a technical rebound toward higher Fibonacci targets, supporting a bullish medium-term outlook.