XRP Braces for Breakout

🔵XRP is holding near $2.83, supported at $2.77–$2.80, while consolidating within a descending triangle. Bollinger Band compression and a neutral RSI suggest an imminent sharp move, with key resistance at $2.92–$2.95. A breakout above $3.23 could trigger a rally toward $3.35 and $3.60.

🔵Optimism is fueled by speculation that U.S. regulators may soon approve spot XRP ETFs, following recent statements from the SEC and CFTC. Still, on-chain metrics reflect investor caution: activity remains below July’s peaks, making the $2.77 support level critical. The fate of XRP now largely hinges on regulatory developments, which could act as the catalyst for the next rally.