• XRP is currently trading at $2.39, with RSI and moving averages showing a brief consolidation phase before possible upside.
• The buzz surrounding the ETF created by Canary Capital’s filing has increased sentiment, resulting in hopes for a bullish move.
• On-chain data shows falling inflows and stable volume, hinting at accumulation; the coin could climb toward $2.85–$3.00 if the momentum builds.

XRP remains one of the oldest and most recognizable altcoins and a key player in the crypto space. Following volatility, it is now gaining strength, and indicators show that it could be turning bullish in the coming days. At press time, the coin is trading at $2.39 with a decline of 4.1% in the past 24 hours.

Indicators Signal Calm Before a Possible Breakout

XRP is priced at $2.39 after dropping 4.1% on the day. The daily chart is showing early signs of consolidation above vital support at $2.20 here. The RSI is not moving out of neutral, indicating the market may slow down before having another go at the upside.

If buying pressure builds, it may potentially challenge the upper boundary of the range it has established at $2.85–$3.00, initiating a new wave of buying.

Also Read: XRP ETF Launch Nears as Canary Capital Files SEC Form 8-A for Nasdaq Listing

Exchange Inflows and Volume Points to Accumulation

On-chain sentiment data indicates that exchange inflows have decreased while trade volume remains appropriate, indicating holders appear to be accumulating coins as opposed to selling. Additionally, lower inflows lead to positive price movement, and as such, XRP’s setup appears to be conducive to continued gradual recoveries. If this trend is sustained, it is likely the coin will be able to extend the rally near RR $2.85 – $3.00

ETF Approval Reignites Optimism Market

The recent update on X by JackTheRippler, suggesting the SEC approved the Canary Capital Spot XRP ETF, has sparked renewed community optimism, supporting short-term sentiment. The above charts reflect this sentiment shift, with momentum settling just after the initial ETF news broke.

In conclusion, given the technicals are revealing consolidation, on-chain metrics are conveying accumulation, and the recent ETF buzz is reviving sentiment, XRP seems ready for a breakout. If momentum builds, the coin is targeting the $2.85–$3.00 range, indicating strong bullish momentum could establish itself in the short-term.

Also Read: 3 Signs of XRP Spot ETF Hype Is Growing Ahead of SEC Decision