XRP News Today: ETF Countdown Begins as XRP Bulls Target a $3 Surge Breaking Out of Descending Triangle

Stellar (XRP) is maintaining its position at $0.277 as buyers continue to protect a vital support area, with market observers highlighting increased accumulation ahead of the anticipated ETF launch period. The coin’s recent 2% climb to $2.51 has fueled bullish sentiment, with many now setting their sights on the $3 mark as a significant resistance point. This uptick comes after the first notable net buying activity in more than a week, suggesting that short-term rallies could emerge if the ETF schedule brings a regulatory boost, according to

.

From a technical perspective,

is currently trading close to $2.51, staying above the 0.382 Fibonacci retracement at $2.43 and challenging the 20-day EMA near $2.54. The token remains confined within a descending triangle, squeezed between the 50-day EMA at $2.66 and a rising support base around $2.30. Should it break past $2.72, which aligns with the 0.5 retracement, prices may advance toward $3.25, where the 0.786 retracement and the upper trendline intersect. Conversely, falling below $2.43 could see support retested at $2.16 or in the broader demand area near $1.76, as noted by Benzinga.

The RSI has bounced back to 46.3, signaling that selling pressure is easing after a prolonged oversold phase. This technical recovery is in line with wider market movements, as

(BTC) and (ETH) have also posted gains, pointing to a stronger risk appetite among major cryptocurrencies. XRP’s 1.5% increase reflects the positive sentiment surrounding the ETF, with bulls focusing on the $3.00–$3.20 resistance band ahead of the ETF’s introduction, according to Benzinga.

Market trends indicate that if XRP can surpass $2.70 as ETF inflows grow, it may spark a broader rally toward $3 by mid-November. The current price movement highlights the significance of the $0.277 support as both a psychological and technical foundation for buyers. With the ETF timeline still in the spotlight, traders are watching trading volume and order activity closely to assess whether this rally can be sustained, as reported by Benzinga.