TLDR
- XRP shows strong support at $2.47 with analyst projecting 66% upside potential
- VivoPower and Doppler Finance launched $30M XRP treasury initiative (plans to expand to $200M)
- XRP currently trading around $2.81, forming a bull flag pattern after 66% surge
- XRPL network activity surging with daily payments of $350M-$900M
- Growing speculation about a potential spot XRP ETF adding market momentum
XRP has captured market attention in recent weeks through a combination of technical strength and institutional backing. The cryptocurrency is currently trading at $2.81, positioning itself for what some analysts believe could be a major breakout move.
Recent price action shows XRP holding above critical support levels while forming patterns that typically precede significant moves. The token has maintained its position above the crucial $2.47 support level, which many traders view as the foundation for further upside.
Analyst Javon Marks has identified a potential 66% rally if XRP continues to hold above this support level. His technical analysis points to a price target of $4.80, based on higher lows that demonstrate building bullish strength.
At the current state of the market, not much has changed with $XRP‘s target at $4.80 as its prices continue to hold above a key $2.47 level!
As long as this level holds, prices may only be prepping for another +66% upside… https://t.co/p3S1yTtGfR pic.twitter.com/SPjqtCNVSl
— JAVON
MARKS (@JavonTM1) September 3, 2025
On daily charts, XRP has been trading in a descending channel pattern with price consistently hovering near $2.86. The recent bounce from $2.65 shows buyers actively defending lower boundaries.
The cryptocurrency faces immediate resistance around the $3.00-$3.08 zone. Breaking through this level could trigger acceleration toward higher targets, with some projections extending to $5.00, representing a 77% increase from current prices.
Institutional Backing Strengthens Outlook
Adding to the technical case, institutional interest has recently provided fundamental support for XRP’s value proposition. VivoPower and Doppler Finance have announced a $30 million XRP treasury initiative, with plans to scale this commitment to $200 million.
This move follows VivoPower’s earlier $100 million purchase of Ripple shares, demonstrating sustained institutional confidence in the XRP ecosystem. The treasury initiative aims to develop long-term compounding yield strategies on the XRPL network.
The XRPL network has seen remarkable activity growth, with daily payment volumes ranging between $350 million and $900 million. This surge in transactional activity highlights XRP’s utility beyond speculative trading.
South Korea’s XRP community has emerged as a major player, now representing nearly 20% of the total supply. This concentration of holdings in a tech-forward market adds another layer of support to XRP’s market position.
Technical indicators currently place XRP in neutral territory. The RSI is around 45, indicating the asset is neither overbought nor oversold, leaving room for movement once decisive price action occurs.
ETF Speculation Fuels Market Sentiment
Market sentiment has received an additional boost from growing speculation about a potential spot XRP ETF. Following the approval of Bitcoin and Ethereum ETFs in the U.S. market, investors are watching for signals that XRP could be next in line.
An ETF approval would potentially open XRP to institutional investors who have previously been unable or unwilling to directly purchase the cryptocurrency. The combination of this narrative with the bullish technical setup has many analysts watching XRP closely.
The bull flag pattern that has formed after XRP’s recent 66% surge from $2.20 to $3.60 is considered a continuation pattern. If it plays out as expected, the breakout could propel XRP toward the $5.00 target identified by several market observers.
For now, XRP maintains its position above several important support levels, including the 200-day moving average at $2.48. The cryptocurrency continues to attract attention as one of the more interesting technical setups in the current market.
Recent price action shows XRP consolidating after its latest surge, suggesting the market is taking time to digest previous gains before determining its next move. With support holding firm and growing institutional interest, many believe the next major move will be to the upside.
The post XRP (XRP) Price: Technical Analysis Shows Potential 66% Upside If $2.47 Support Holds appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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