XRP Maintains Bullish Structure as Market Awaits Daily Close Above $3.12 for Confirmation

Key Points

1. XRP's bullish macro structure requires a daily close above $3.12 to confirm the market bottom; failure to hold $2.65 support could weaken the mid-term bullish setup.

2. Historical data from 2013-2025 shows consistent uptrends, suggesting a potential rise to $7.5 if XRP closes above $3.12, with $1.20 as a key breakout entry point.

3. XRP trades at $2.96 with a 1.15% daily gain, a market cap of $175.82B, and $6.92B in 24-hour trading volume, ranking third by market cap despite a 14.26% volume decline.

4. Futures open interest hits $788M, and ETF speculation remains high with an 86% chance of approval by end of 2025, fueling institutional and retail interest.

5. Analysts are divided on near-term targets, with some projecting $10, while others warn of a correction if $2.65 support breaks, potentially leading to declines to $2.55 or $2.40.