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XRP May Hit $3.65 After Breaking 49-Day Downtrend

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by Giorgi Kostiuk

2 days ago


XRP has completed a 49-day decline and is showing signs of possible growth. Analysts highlight several accumulation phases and the impact of ETFs on the market.

Current XRP Situation Analysis

XRP remains at the lower end of a long-term price channel, according to CryptoBull. Current price levels below $4 are placed in a red zone marked as 'undervalued.' The following price zones range from $4 to $45 and $45 to $250, indicating upside potential if market momentum continues.

Long-Term Accumulation Structure

Another analyst, Jackis, shared a broader view of XRP’s structure, identifying three main accumulation phases. The first phase began in 2022 and lasted until early 2024. A second phase followed in early 2025, showing a base forming between previous highs and support levels. A third, smaller accumulation area is forming just under the 2017 all-time high, which was near $3.80. They noted that 'XRP has not said its last word.'

Trendline Break and ETF Impact

XRP has also broken out of a downtrend that lasted 49 days, according to CryptoWZRD. This move came after the token pushed above a lower high trendline. If momentum holds, $3.65 could be the next level to watch. Meanwhile, exchange reserves reached a 12-month high, suggesting more tokens have moved onto trading platforms. Over a dozen spot XRP ETF applications are currently under SEC review and are expected to be addressed in October.

XRP shows signs of potential growth as it exits a 49-day downtrend, which may impact the token's market development. Expectations from ETF applications may also attract investor attention.

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