XRP Price Prediction: Analysts Eye $3.40 Breakout As ETF Filing Boosts Sentiment

XRP has shown resilience over the past day, holding steady above key support as traders weigh bearish pressure against growing optimism fueled by ETF speculation. Trading at $2.81 as of press time, XRP has stabilized after testing the $2.77 support zone and is under pressure inside a descending triangle. 

However, market observers predict that a potential price change is on the horizon with talks of XRP ETF filing. Traders are now weighing technical headwinds against renewed institutional interest.

XRP Price Holds Crucial $2.77 Support

The daily chart indicates that XRP is consolidating slightly above its $2.77 floor, a level it has consistently defended since August. Below this, the 200-day EMA at $2.52 acts as the last major support before deeper downside.

Overhead, the immediate resistance sits near $2.90–$2.92, aligned with the 20-day EMA. A breakout above this could open the door toward $3.10 and $3.40. However, the descending trendline from July continues to cap rallies, keeping bears in short-term control.

Meanwhile, momentum indicators remain cautious as the RSI hovers around 43, signaling weak momen…

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