XRP Price Analysis: ETF Catalyst Positions Ripple for Next Leg Higher Toward $2.80

XRP's price surged 3.6% to $2.31, breaking through key resistance levels at $2.22 and $2.28, fueled by momentum from ETF filings and network growth. Notably, Canary Capital Group's amended prospectus for a proposed XRP ETF brings it closer to SEC approval, which could boost institutional interest. Significant trading volume surged 86% above the daily average, marking XRP's strongest close in over a week and demonstrating increasing institutional participation. The trading activity also saw the creation of 21,595 new XRP wallets in just 48 hours. The technical indicators suggest an upward trend, with RSI turning up and the MACD in positive territory. XRP must hold above $2.30 to maintain this momentum, with a confirmed close above $2.35 potentially leading it to $2.54–$2.80. If the price dips below $2.27, it may retest lower levels.

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