XRP Holds $2.12 as Analysts See 60% Breakout Odds

XRP Holds $2.12 as Analysts See 60% Breakout Odds

At a Glance

  • XRP is testing the $2.12 support inside a descending channel on the five-day chart
  • EGRAG CRYPTO puts breakout probability at 60% if price clears $2.30
  • Spot ETFs have absorbed almost 1% of circulating supply since mid-Nov 2025
  • Why it matters: Traders are weighing whether the pullback is a buying opportunity or a signal of deeper correction

XRP’s retreat to $2.12 has split opinion, with one closely watched chartist labeling the move a “controlled correction” rather than distribution while fresh ETF inflows keep bulls hopeful.

Price Outlook

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EGRAG CRYPTO told followers the token needs a five-day close above the 21-period EMA and a channel break near $2.30 to confirm upside momentum.

> “Until then → it’s just a bounce inside the channel, not a breakout.”

The framework assigns odds of:

  • 60% for a push toward $3.10-$3.30
  • 30% for sideways action
  • 10% for a slide toward $1

Flow Signals

Trading desks noticed a $23 million volume spike in a single minute, hinting at larger-than-retail participation.

Spot ETFs have pulled in roughly $1.2 billion since launch, tightening available supply.

Mixed Technical Cues

  • The XRP Taker Buy/Sell Ratio on Binance hit a one-month high, showing selling pressure easing
  • Cheds Trading flagged the largest four-hour volume candle in a month as potential resistance rejection
  • Order-book data shows sell walls stacked between $2.17 and $2.25
Metric Current 7-day Change
Price $2.10+ +12%
Market Cap Rank 3rd (non-stablecoin) overtook BNB
ETF Supply Absorbed ~1% since Nov 2025

Key Takeaways

  • Analysts view the pullback as healthy consolidation within an intact uptrend
  • A decisive break above $2.30 could trigger the next leg toward $3+
  • ETF inflows continue to offset potential selling from recent highs

With 2026 scenarios ranging from $10 on institutional adoption to $1 on profit-taking, all eyes stay glued to the $2.30 ceiling for the next cue.

Author

  • My name is Daniel J. Whitman, and I’m a Los Angeles–based journalist specializing in weather, climate, and environmental news.

    Daniel J. Whitman reports on transportation, infrastructure, and urban development for News of Los Angeles. A former Daily Bruin reporter, he’s known for investigative stories that explain how transit and housing decisions shape daily life across LA neighborhoods.

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