At a Glance
- XRP/XAU ratio returned to a support zone that preceded 800% (2020), 120% (2022), and 530% (2024) moves
- Spot ETFs recorded $15.04 million in inflows Monday and $12.98 million Tuesday
- Technical setup shows compression near $2.30-$2.40; a 3-day close above $2.40 could open path to $2.70, $3.13, and the $3.65 all-time high
- Why it matters: Low exchange balances amplify volatility, and a confirmed breakout could trigger rapid price acceleration toward Fibonacci-based targets near $22
XRP is retesting a historically significant support level against gold while renewed ETF buying and bullish chart patterns set the stage for a potential retest of its $3.65 all-time high.
XRP/Gold Ratio Reclaims Historic Support
Analyst Steph Is Crypto noted that the XRP/XAU ratio has fallen back to a price zone that has repeatedly marked major reversals. Each prior visit to this level produced outsized gains:
| Year | Move vs Gold |
|---|---|
| 2020 | +800% |
| 2022 | +120% |
| 2024 | +530% |
The relative strength index (RSI) is oversold, hinting that selling momentum is waning. The analysis focuses on XRP priced in gold rather than dollars, a ratio that has signaled trend changes before.
Spot ETFs Attract Fresh Capital
Data compiled by News Of Losangeles shows that U.S.-listed spot XRP ETFs absorbed $15.04 million on Monday and $12.98 million on Tuesday, ending a streak of outflows. Exchange balances remain close to multi-year lows, a setup that can intensify upside moves when new demand appears.
Technical Compression Near Critical Resistance
EGRAG CRYPTO tracks XRP on the 3-day chart compressing inside a descending channel with a decision zone between $2.30 and $2.40. A decisive close above $2.40 would likely confirm a breakout, the analyst said, with near-term targets at $2.70 and $3.13.
Key observations:
- 50 EMA (blue) flattening → weakening sell pressure
- 200 EMA (red) rising → macro uptrend intact
- Price holding above both EMAs → structure bullish
Triangle Breakout Sparks Rally Forecast
Market commentator CW told followers that XRP has exited a large triangle formation and entered a neutral-to-bullish phase. “The rally is only just beginning,” CW said, flagging the $3.65 record as the next major level.
Long-term cycle analysis places XRP in Phase 4, a stage that in past iterations led to multi-month climbs. If the price flips the all-time high, Fibonacci extensions point to $22 as the next upside reference.
Price Action Snapshot
At press time XRP changes hands at $2.15, up 4% in 24 hours but still 6% below last week’s levels. The move from $2.05 to $2.17 broke the $2.14 barrier that had capped several prior rallies. Volume expanded on the breakout, indicating strong buying interest.
Key Takeaways
- The XRP/XAU ratio is back at a proven reversal point that preceded triple-digit and quadruple-digit gains
- Spot ETFs returned to inflows, removing a near-term headwind
- Technical setup shows tightening price action near $2.30-$2.40; a close above $2.40 could accelerate the move
- Cycle positioning and Fibonacci levels suggest the $3.65 high and a potential $22 extension are in play if momentum sustains
