XRP registered a notable surge of nearly 11%, pushing the price to approximately $2.38, driven by heavy trading volumes and fresh institutional demand flowing into U.S. spot XRP ETFs, which collectively saw $48 million in new inflows. The renewed investor appetite helped XRP briefly break above the key $2.32–$2.35 resistance zone, hinting at strengthening bullish momentum in the short term.
On-chain data revealed that exchange-held XRP supply has dropped to multi-year lows, signaling reduced selling pressure as long-term holders continue to accumulate. Market confidence also improved following a more favorable regulatory outlook in the U.S., coupled with optimism after regulatory leadership shifts at the SEC.
However, despite the positive momentum, technical analysts — including John Bollinger — caution that XRP’s rally may remain vulnerable unless the token sustains levels firmly above previous resistance. Sustained price stability above $2.35 will be crucial to confirming a continued upward trajectory.
For now, XRP remains in a critical zone, supported by institutional capital but still facing macro and regulatory sensitivities that could influence its next decisive move.
