XRP Technical Analysis: Bullish Signals Emerge as Market Pressure Shifts

As of November 2, 2025, Ripple's XRP is demonstrating compelling technical indicators that point toward a potential bullish breakout scenario. Recent market analysis reveals that the cryptocurrency has been forming consistent higher lows while maintaining stable Open Interest levels around $1.26 billion, suggesting that traders are holding their positions rather than aggressively pursuing new leveraged positions. This pattern indicates growing confidence among market participants despite the current slightly bearish Taker Buy/Sell Ratio of 0. The easing bearish pressure combined with stabilizing market conditions creates an environment where XRP could be poised for significant upward movement. Technical chart patterns show that the cryptocurrency has been building momentum through a series of higher support levels, which typically precedes a substantial price breakout. The sustained Open Interest near the $1.26 billion mark is particularly noteworthy as it demonstrates that existing market participants are maintaining their exposure rather than liquidating positions, which often occurs during periods of market uncertainty. This behavior suggests that traders anticipate positive price action in the near term. Market metrics, while still showing some caution with the Taker Buy/Sell Ratio remaining slightly below neutral, indicate that the overall sentiment is shifting toward optimism. The combination of technical formation patterns, stable institutional interest, and improving market structure creates a compelling case for XRP's potential upward trajectory. As the cryptocurrency continues to demonstrate resilience against selling pressure and establishes stronger support levels, market observers are closely watching for the anticipated breakout that could signal the beginning of a new bullish phase for XRP in the evolving digital asset landscape.

XRP Shows Signs of Potential Breakout as Bearish Pressure Eases

Ripple's XRP is exhibiting technical signals that suggest a possible upward move, with weakening sell pressure and stabilizing market conditions. The cryptocurrency has formed higher lows while maintaining steady Open Interest near $1.26 billion, indicating traders are holding positions rather than initiating new Leveraged bets.

Market metrics reveal a nuanced picture: the Taker Buy/Sell Ratio remains slightly bearish at 0.96, but its rapid recovery from dips below 0.9 suggests diminishing downward momentum. Meanwhile, negative funding rates point to growing bearish sentiment in derivatives markets, though stable OI prevents this from being a decisive indicator.

Traders are watching for two key triggers—a Taker Buy/Sell Ratio crossing above 1.0 and sustained price action above $2.45—which could propel XRP toward the $2.8-$3.0 range. The current technical setup resembles coiled spring action, where suppressed volatility often precedes significant price movements.

XRP Price Prediction: Can Ripple’s Treasury and Volume Growth Push XRP to $5?

XRP rebounded above $2.40 as institutional momentum countered recent market volatility. Ripple's acquisition of GTreasury aims to integrate XRP and tokenized assets into corporate liquidity management, while a proposed $1 billion digital-asset treasury initiative signals aggressive accumulation plans. Partnerships with Absa Bank and pilots with DBS Bank and Franklin Templeton further solidify its institutional foothold.

Regulatory tailwinds are building, with a formal SEC petition positioning XRP as a neutral settlement LAYER for CBDCs and stablecoins. On-chain data reveals surging spot volumes and a 5% price jump, reflecting renewed demand after leveraged positions were cleared. CME's record XRP derivatives activity underscores growing institutional participation, tightening spreads and improving liquidity for large-scale deployments.

XRP Price Rebounds Cautiously — Can Momentum Build From Here?

XRP price has initiated a cautious recovery, climbing above the $2.40 support level after forming a base NEAR $2.20. The digital asset now faces immediate resistance at $2.5350, a level that has previously capped upward movements. Market participants are watching to see if this rebound can gain momentum or if another pullback is imminent.

A bullish trend line is emerging on the hourly chart, offering support at $2.420. The price currently trades above both this trend line and the 100-hourly Simple Moving Average, suggesting some underlying strength. However, failure to breach the $2.5350 resistance could trigger renewed selling pressure.

The recovery mirrors broader market movements, with Bitcoin and ethereum showing similar patterns. XRP's ability to hold above key Fibonacci levels — particularly the 50% retracement of its recent decline — indicates potential for further gains if buyers can overcome the current resistance zone.

XRP Price Nears Critical Resistance as Bulls Eye $2.77 Breakout

XRP's price action shows tentative signs of bullish momentum, though the $2.5-$2.7 resistance zone remains a formidable barrier. Swing traders remain cautious as the token struggles below this key level—a zone representing a visible imbalance on daily charts.

A decisive close above $2.77 could signal a trend reversal, with Fibonacci extensions suggesting potential targets at $4 and $4.7. However, the broader structure remains bearish until XRP conquers both this level and the psychological $3 resistance.

Ripple's recent $1 billion SPAC fundraising—earmarked for XRP accumulation—hints at growing institutional interest in digital asset treasury solutions. Yet the On-Balance Volume indicator shows neither bulls nor bears have established dominance, leaving the next major MOVE contingent on a breakout confirmation.

Ripple-Backed $1B SPAC Aims to Build Largest XRP Treasury Amid $10K Price Target

Ripple's latest institutional move involves a $1 billion special purpose acquisition company (SPAC) backed by Pantera Capital, Kraken, and Evernorth. The initiative seeks to create the largest publicly traded XRP treasury, signaling growing confidence in the digital asset's utility for cross-border payments and institutional adoption.

Analyst Remi Relief projects XRP could reach $10,000 by 2029, citing potential regulatory shifts under the current U.S. administration. The prediction coincides with expanding institutional interest, as evidenced by the SPAC's high-profile backers from both crypto-native firms and traditional finance sectors.

XRP Surges 4.15% as Evernorth's $1B SPAC Deal Fuels Institutional Optimism

XRP climbed to $2.48 on October 21, marking a 4.15% gain amid renewed institutional interest. The rally follows Evernorth Holdings' landmark announcement of a $1 billion SPAC merger with Armada Acquisition Corp II, creating the first publicly traded XRP treasury company. The entity—set to list on Nasdaq as "XRPN" in Q1 2026—mirrors MicroStrategy's Bitcoin strategy, with backing from SBI Holdings ($200M), Pantera Capital, and Ripple co-founder Chris Larsen ($120M in XRP commitments).

Market observers note the deal could structurally tighten XRP supply through sustained institutional accumulation. The cryptocurrency is recovering from recent volatility as traders price in the long-term implications of corporate treasury adoption.