- XRP must hold above $2.60 to stay bullish, while $3.40 remains the key breakout level.
- A drop below the $1.90 zone would break the bullish structure on the monthly chart.
- The newly approved 21Shares U.S. Spot XRP ETF could boost momentum if strong inflows arrive.
XRP is sitting in that weird in-between zone again, trading around $2.20 while everyone keeps staring at the same resistance and support lines like they’re about to blink. The market has been a bit jittery, and honestly, the timing couldn’t be more dramatic with an XRP ETF finally approved in the U.S. Traders are watching the charts, the candles, the whole thing… waiting to see if this monthly close gives us a real direction or just more sideways noise.
Testing the $2.60 Line That Just Won’t Go Away
The level that keeps coming back into the conversation—almost annoyingly—is $2.60. Analyst Egrag Crypto pointed out that XRP really needs to close above this mark to hold onto its bullish structure. Sounds simple, but it’s actually tied to the 0.5 Fibonacci level on the monthly chart, which has acted like both a floor and a ceiling throughout 2025. XRP popped above it in July, dipped again, and now we’re back poking at it. A close above doesn’t guarantee fireworks… but it keeps the momentum from falling apart, which is half the battle in this market.
The Big Prize Sits at $3.40, But It Won’t Be Easy
Now, if XRP manages to get past $3.40, that’s where the mood shifts completely. Egrag calls this the “super bullish macro breakout,” and honestly, the name fits. That level sits right at the 0.888 Fibonacci retracement—usually the last hurdle before the market starts eyeing old all-time highs. The price has been squeezing tightly underneath it, the kind of compression that usually leads to a decisive move. If buyers take control, that zone could trigger a pretty sharp leg upward. If not… well, we stay congested and frustrated for a while.
Danger Zone Lurks at $1.90 on the Monthly Chart
But it’s definitely not all upside potential. On the flip side, XRP really cannot afford to close below the 21-month EMA, which is hovering between $1.83 and $1.90. That’s the line in the sand, the one you don’t want to see broken if you’re holding long. Egrag didn’t sugarcoat it either—he basically said that falling below that level wipes out the bullish structure and, in his words, “we are f**ked.” Not exactly inspirational, but you get the point.
ETF Approval Adds Fuel — or Pressure — to the Chart
Just as all this technical drama unfolds, the SEC has finally approved 21Shares’ U.S. Spot XRP ETF (ticker: TOXR), which officially launches Monday. This is a big institutional milestone for XRP, something the community has been waiting on for years. If the ETF pulls in inflows anything like what we saw with other spot crypto products, it could give XRP the catalyst it needs to push higher. But the timing also raises the stakes — with price sitting right at support and testing resistance, the market will be watching closely to see whether the ETF becomes a spark… or a nothing-burger.
