**XRP Price Analysis: Bounces Off Key Support, Eyes Potential Rally Toward $10**
XRP price recently bounced off the crucial $2.10–$2.20 support zone and is now attempting to break above the $2.50 resistance level. Market expert Ali Martinez shared an insightful chart suggesting a significant upside potential for XRP, forecasting a possible rally up to $10 following a retest of the $1.90 support level.
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### XRP Price Faces Critical Resistance Around $2.50
Currently, XRP is trading around $2.28 after experiencing weeks of sideways movement. The $2.50 level represents a dense resistance zone, situated near a major supply area known as an order block. This zone also aligns closely with the 200-day moving average. Together, these technical factors create a substantial barrier as the moving averages, the previous supply block, and the upper boundary of a descending wedge pattern converge.
Despite being trapped inside the descending wedge, XRP shows promising signs of flipping bullish once trading volume increases sufficiently.
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### Bullish Flag Formation and Potential Pullback to $1.90
Ali Martinez highlights that XRP’s price action is forming a bullish flag pattern—a technical setup that often precedes a strong upward move. This setup includes the possibility of a brief pullback to $1.90, which may serve as a final support test before the next rally phase.
According to Martinez, this minor dip could act as a necessary reset and attract fresh buying interest. If bulls regain control, there’s a clear path for XRP to surge toward the $10 mark.
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### Liquidity Wall Between $2.55 and $2.75 Poses Short-Term Challenge
Another analyst, Steph is Crypto, analyzed the latest Binance XRP/USDT liquidation heatmap and identified a massive liquidity wall between $2.55 and $2.75. The heatmap shows an intense concentration of leverage and potential liquidation clusters in this range, highlighted by bright yellow zones indicating heavy trading activity.
XRP’s ongoing recovery from the $2.10 level indicates strong buyer support, which has helped maintain momentum so far. However, approaching the liquidity wall near $2.75 presents a crucial test. A successful breakout above this resistance could trigger fresh buying pressure, potentially accelerated by short-sellers covering their positions.
On the other hand, a failure to breach this zone might lead to a short-term pullback before any further upward movement.
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### All Five Proposed Spot Ripple ETFs Now Listed on the DTCC
Significant progress is underway regarding the potential U.S. launch of spot XRP exchange-traded funds (ETFs). All five proposed Ripple ETF funds—from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares—are now officially listed on the Depository Trust & Clearing Corporation (DTCC) platform.
This move indicates that preparations for their launch later this month are advancing steadily. The updated ETF filings include standardized language designed to streamline the SEC’s review process under existing 8(a) procedures, consistent with previous digital asset ETF approvals.
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### Summary
– XRP price bounced off key support at $2.10–$2.20 and aims to break above $2.50.
– A bullish flag pattern is developing, with a possible retest at $1.90 before a major rally.
– Intense liquidity and resistance exist between $2.55 and $2.75, posing a challenge.
– All five proposed spot XRP ETFs have been listed on the DTCC, signaling potential imminent U.S. approval.
Traders and investors will want to watch these critical technical levels and regulatory developments, as they could set the stage for XRP’s next major move.
https://bitcoinethereumnews.com/finance/xrp-price-hits-2-5-ripple-etf-debut-on-dtcc-sparks-hope-of-10-rally/