XRP price holds the $2 level as volume jumps and traders eye a breakout

XRP again tested the $2 support in recent sessions and rebounded above $1.853. Trading volume rose 77.5% during the rebound, while Bitcoin, Ethereum and Solana posted declines in both price and volume over the same period.

Chart readings point to a symmetrical triangle forming around the $2 area. Over the past week, XRP has traded between $2.03 and $2.18. Analyst Ali Martinez projects a 16% move once price leaves the pattern, estimating a push toward roughly $2.40–$2.45 on a break higher or a slide toward $1.85–$1.90 if $2.02 gives way.

Large-wallet activity and institutional interest accompanied the price action. Bitnomial received approval from the U.S. Commodity Futures Trading Commission to offer an XRP/USD spot contract, drawing attention from regulated investors. Since launch, spot XRP ETFs have taken in close to $900 million in net inflows.

On the supply side, Ripple transferred 250 million XRP to an unknown wallet. Exchange balances fell by 2.51% shortly after the transfer, leaving fewer tokens on trading platforms.

The $2 area has served as support multiple times this year. With volume rising into the latest test and the range compressing, traders are watching whether XRP can clear $2.18 to extend higher or whether a drop below $2.02 points to a retest of the $1.85–$1.90 zone.

As we reported earlier, Bitwise listed its first spot XRP ETF on the NYSE under the ticker XRP, giving brokerage access without crypto wallets or exchange accounts. The fund holds XRP directly. Bitwise set a 0.34% annual fee, waived for the first month on the first $500 million in assets, and it launched with about $2.3 million in seed capital from market makers and authorized participants.