XRP Price Holds Key Support Level
XRP's price chart technicals indicate a recent bounce from the lower trendline of its prevailing ascending triangle pattern. This support level has historically preceded significant rebound moves, including rallies of 70-80% earlier in 2025.
As of Saturday, the token experienced an increase of over 8% after testing this trendline. This movement also coincides with the 50-week exponential moving average (50-week EMA), represented by the red wave, which was positioned at $2.33.
If historical patterns hold true, XRP could potentially rally towards the upper trendline of the triangle, estimated at around $3.45. This would represent a substantial 35% increase from current trading levels by December.
Conversely, a breach below the triangle's lower trendline could lead to a price decline towards the June lows, approximately $1.65, marking a potential 25% decrease from current levels.
Ripple Prime Acquisition Fuels XRP's Bullish Outlook
Ripple's strategic expansion in the institutional sector provides a strong fundamental tailwind to XRP's current bullish technical setup.
On Friday, the company announced the completion of its acquisition of Hidden Road, which has been rebranded as "Ripple Prime." This development positions Ripple as the first crypto company to operate a global, multi-asset prime broker, actively onboarding existing institutional clients. In its announcement, Ripple stated:
Ripple’s foundational digital asset infrastructure across payments, crypto custody and stablecoin, as well as the use of XRP, will complement the services offered within Ripple Prime.
CEO Brad Garlinghouse further emphasized this vision, calling the deal a significant step towards building an "internet of Value." He specifically highlighted that "XRP sits at the center of everything Ripple does."
The majority of market analysts anticipate further gains for XRP following this endorsement from Garlinghouse.
Trader Credibull Crypto noted that Ripple's substantial XRP holdings provide a strong incentive to drive the token's success, as the company stands to benefit significantly from a higher valuation.
These strategic announcements also coincide with Ripple's declared intention to acquire $1 billion worth of XRP tokens for a new treasury to be listed on the Nasdaq under the ticker "XRPN."
Trader Zeiierman Trading commented that XRP is now well-positioned to surpass the $3 mark due to Ripple's acquisition of Hidden Road, stating that the token "is now positioned at the center of institutional adoption."