Digital assets are developing rapidly, and Ripple's XRP is at the center of the renewed optimism. The altcoin is showing signs of gaining momentum after months of consolidation and regulatory breakthroughs. Market trends are aligned with the growing ecosystem as traders and institutions follow keenly.
Analyst STEPH noted a bull flag formation on the daily chart and the resurgence of the July-like rally. More so, the token fell into a controlled pullback, regarded as a resting period before another upward shift. The structure is tightening, whereby lower highs and lows are creating a flag shape, which is an indication of short-term profit-taking and not trend exhaustion.

XRPUSD 1D CHART | SOURCE: X
Technically, a breakout above the upper boundary could mark a new impulse wave, as the measured move principle suggests that the next run could mirror the previous rally. If the rally is confirmed by volume, the crypto could push toward $4.00 and beyond.
Although the trend is encouraging, a drop below the lower limit could delay the move, making the recent consolidation both an opportunity as well as a major test of the bulls.
Moreover, on-chain data, as pointed out by analyst Ali, indicated a robust price support around $2.80. The UTXO Realized Price Distribution (URPD) shows that many of the token holders obtained them at around this level. This base creates a solid support zone, taking in selling pressure and avoiding negative downturns.

If the token holds this zone, it would suggest that long-term investors are not ready to sell. A long-standing position above this level could attract new buyers and position the crypto for a recovery towards resistance levels of $2.95-$3.10. A fall below $2.80 will, however, trigger selling as traders respond to unrealized losses.
Beyond the charts, analyst Stedas noted that multiple global asset managers, including WisdomTree, Grayscale, and Franklin Templeton, have filed for XRP ETFs. This wave of filings shows growing trust from traditional finance after Ripple’s landmark legal victory. With clear regulations, the asset is fast becoming a legitimate candidate for large-scale investment.

ETF FILLINGS WITH SEC | SOURCE: X
Should these ETFs get approved in the next weeks, liquidity could increase as it happened with Bitcoin and Ethereum. Good technicals, solid on-chain support, and institutional inflows suggest that the market is set to reaccumulate and grow again.
At the time of writing, XRP trades around $2.84, holding firm within its consolidation range as traders anticipate its next decisive breakout.
Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.