Technical analysis by SivaArjun about Symbol XRP: Buy recommendation (10 hour ago)

Market Overview: XRP is regaining center stage after a strong 12% intraday surge, trading within the $2.45–$2.55 range. The move comes amid renewed institutional accumulation and anticipation of four XRP spot ETFs from Bitwise, 21Shares, Canary Capital, and Franklin Templeton. These ETFs have now appeared on the DTCC platform, signaling trading readiness within weeks. Total market inflows could exceed $600–$800 million post-launch, positioning XRP for significant upside comparable to Bitcoin’s ETF surge in early 2024. Technical Structure: XRP is compressing between support at $2.20–$2.25 and resistance at $2.60–$2.63 (200-EMA). A confirmed breakout above $2.63 would open targets toward $2.90, $3.20, and $3.65 — the July high. Indicators are supportive: RSI at 46 shows headroom, OBV is rising, and on-chain data reveals consistent exchange outflows, signaling large-holder accumulation. On-Chain & Institutional Backdrop: Ledger activity and liquidity expansion remain robust — active addresses up to 29K daily, tokenized RWAs exceeding $364.9M, and Ripple’s ODL network now spanning 30+ corridors. Corporate developments such as the GTreasury acquisition and Evernorth SPAC plan further reinforce institutional adoption. Ripple’s disciplined escrow management ensures steady supply, while ETF approval probabilities under Section 8(a) increase confidence in near-term catalysts. Sentiment & Macro Context: Broader macro trends — easing inflation, a potential December Fed rate cut, and improved global liquidity — enhance risk appetite. Social and derivatives data confirm renewed interest, with open interest up 18% WoW and social volume up 34%. XRP’s volatility compression to 36% suggests a major breakout setup. TradingView Verdict: Bias: ✅ BUY (Bullish) Short-Term Support: $2.36 → $2.20 Breakout Confirmation: Above $2.63 (EMA-200) Upside Targets: Near-term: $2.90 – $3.20 Medium-term: $5.00+ (post-ETF inflow scenario) Summary: XRP remains one of the most asymmetric opportunities heading into 2026 — driven by ETF momentum, institutional liquidity growth, and strong ledger fundamentals. A decisive break above $2.63 could trigger the next expansion phase toward $3.20–$5.00.