XRP Poised for Breakout as Demand Rises and ETF Launch Nears

XRP Poised for Breakout as Demand Rises and ETF Launch Nears

Traders Eye $2.35 Target as XRP Burn Rates and Volume Surge

XRP is once again commanding attention as its price hovers above a critical support level of $2.20, fueled by strong investor demand and optimism surrounding the upcoming futures ETF launch.

With the broader market uplifted by Bitcoin’s recent 60-day high and pro-growth signals from President Trump regarding interest rates and tariffs, XRP appears well-positioned for a potential surge.

XRP Burn Activity Signals Rising Network Usage

In the past week, transaction activity on the XRPLedger has intensified, as evidenced by a 38% increase in XRP burned fees.

• On April 22, 2,730 XRP were burned.

• By April 26, the figure had risen to 3,775 XRP.

This on-chain metric highlights increasing user engagement and transaction volume—both viewed as positive indicators for price momentum.

“XRP is not digital gold; it facilitates trading, transferring, and forming digital gold as a liquidity layer,” said Favio Valerda of Sologenic.
“While gold and Bitcoin serve as stores of value, XRP prioritizes functional use with millions of transactions daily.”

Daily trading volume has also climbed, nearing $2.5 billion, showing sustained buying interest even as the price experiences slight pullbacks from recent highs of $2.25.

XRP Price Forecast: Short-Term Bullish, but Caution Remains

Technical analysis provides a mixed yet cautiously optimistic outlook:

• The Keltner Channel bands are narrowing—a signal that a breakout move could be near.

• Parabolic SAR indicators suggest buy signals are forming.

• The Money Flow Index (MFI) stands at 57.12, indicating healthy cash inflows without signs of an overbought condition.

If XRP can hold the $2.20 support level, analysts expect the price to challenge the $2.35 mark in the near term.
However, if the price slips below $2.20, it could trigger pullbacks to $2.13 or even $1.94.

Market participants are advised to stay cautious, considering the potential for sharp volatility, even as on-chain trends and macroeconomic developments point toward continued bullish pressure.

Key Takeaways:

• XRP trading volume near $2.5 billion signals strong demand.

• Burned XRP fees rise 38%, indicating higher network activity.

• Technical indicators suggest potential rally to $2.35, contingent on holding $2.20 support.

• Investors remain cautious amid possible short-term fluctuations.

As the futures ETF launch date approaches and on-chain fundamentals strengthen, XRP could be on the verge of a major breakout—but traders should stay vigilant against sudden market shifts.