- XRP is hearing the call of resistance of $2.65 which was a substantial support in the past, and it needs three days to close the candles above it before it can indicate a continuation of bullish momentum.
- A successful breakout on the up side of $2.65 may aim at 2.85, which is in line with the 21 EMA, and may go as high as 3.13, and 3.44, upper channel levels.
- CME introduces options (XTB) to trade XRP on a regulated platform CFTC, with the standard and micro contracts, to give institutional traders greater access and expand market participation.
XRP is once again confronting a decisive technical level at $2.65, a price zone that has repeatedly influenced market direction. The token’s next move around this threshold may determine whether bullish momentum resumes or stalls beneath resistance.
$2.65 Turns From Support Into Resistance
Market analyst EGRAG CRYPTO identified $2.65 as a pivotal area where XRP’s previous strength has now transformed into resistance. Historically, every time XRP interacted with this level, the price either advanced sharply or corrected deeply. This consistency makes $2.65 one of the most reactive zones in XRP’s trading history.
Currently, the asset has bounced from the 200 EMA (red line) — a zone that has acted as macro support multiple times throughout the year. These rebounds, previously highlighted by EGRAG as “blue-circled bounces,” indicate institutional buying interest around the $2.30 region. Such reactions reflect renewed accumulation, though the challenge now lies above.
The $2.65 mark has confluence with a descending resistance trendline and the 9–21 EMA cluster, forming a dense technical barrier. Traders now await confirmation through a full-bodied three-day candle close above this level, which would signify strength sufficient to flip resistance into a new support base.
Technical Structure Points Toward $2.85 Target
If bulls manage to reclaim the $2.65 area, charts indicate that the next move may take prices towards $2.85, where both the 21 EMA and mid-channel resistance converge. A solid break here could enhance the case for continuation to $3.13 and $3.44, both of which are the upper channel targets identified by analysts.
The technical structure positions $2.65 as the dividing line between ongoing consolidation and trend renewal. Continued rejection at this level could keep the market sideways, while a validated breakout could bring XRP’s macro uptrend back in play.
Traders remain focused on volume trends and candle formations on a higher time frame, as these factors will be determining whether XRP can acquire enough momentum to continue higher. The coming days will reveal whether the asset can overcome the compression forming below this resistance zone.
CME’s XRP Options Bring Institutional Depth
Adding to the broader context, X Finance Bull announced that the Chicago Mercantile Exchange (CME) has launched CFTC-regulated options on XRP, marking a major institutional step for the asset. These contracts are physically settled into XRP futures, and both standard and micro versions are available to market participants.
This development introduces a regulated framework for institutions to engage with XRP through established financial channels. CME’s move expands the asset’s presence within traditional markets, offering new tools for risk management and exposure strategies.
Institutional-grade products such as these often indicate growing confidence in the underlying asset’s long-term role in digital finance. As XRP tests $2.65, the combination of strong technical structure and expanding market infrastructure places it at a critical juncture between renewed breakout potential and continued consolidation.
