XRP is approaching the critical $2.80 resistance level, with technical indicators signaling a potential breakout toward $3.70. The cryptocurrency has traded in a consolidation pattern between $2.00 and $2.80 since May 2025, forming a falling wedge structure—typically interpreted as a bullish reversal pattern.
Confirmation of a decisive breakout above $2.80 could propel prices toward the $3.70 target, derived from the vertical measurement of the wedge pattern. Declining trading volumes coupled with sustained price compression indicate mounting pressure for an imminent directional move. The $2.80 threshold carries significant historical weight as a technical barrier.
Bolstering market sentiment, institutional interest continues to grow as major ETF providers scale their focus on XRP. Firms including 21Shares, WisdomTree, and Franklin Templeton—collectively commanding over $240 billion in assets—have publicly filed for XRP exchange-traded funds. These applications demonstrate accelerating institutional confidence in the digital asset.
Final regulatory determinations are poised to be pivotal for realizing the full impact of ETF momentum on XRP’s price trajectory, presenting both opportunity and uncertainty for the anticipated breakout scenario.