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BULLISH 📈 : XRP Price Rebounds, Eyes Potential Surge Amid ETF Support
The XRP price has returned to a significant technical level, historically leading to major rallies. After a 62% correction, XRP is testing its long-term ascending support trendline around $1.10.
- XRP rebounded 6% amid a broader crypto market recovery; Bitcoin surpassed $70,000, boosting risk asset optimism.
- Market analyst Sam Daodu highlights that the current retest of the trendline is supported by established spot XRP ETF infrastructure.
- Since November 2025, US spot XRP ETFs have attracted $1.24 billion, with 797 million XRP now in ETF custody.
- Institutional wallets added 170 million XRP during the latest dip, and Ripple re-locked 700 million XRP into escrow on March 1.
- March is historically strong for XRP, averaging an 18% return over 12 years.
Technical Levels
- $1.27 serves as initial support, aligning with the 23.6% Fibonacci retracement level.
- The $1.10–$1.11 zone represents the long-term ascending trendline support.
- Below $1.10 could lead to further decline toward $0.85–$1.00.
- Resistance at $1.47 and $1.50; sustained close above $1.50 may signal a move towards $1.68–$1.70.
- 1.85 billion XRP accumulated between $1.76 and $1.80 might pose resistance.
- A weekly close above the $2.40–$2.60 supply cluster could indicate a trend reversal.
Daodu suggests XRP could potentially reach $2.50 to $4.00 by late 2026, considering historical trends and supply constraints.
