{"id":9516,"date":"2025-09-02T10:38:06","date_gmt":"2025-09-02T10:38:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-targets-39-upside-after-rebounding-from-key-support\/"},"modified":"2025-09-02T10:38:13","modified_gmt":"2025-09-02T10:38:13","slug":"xrp-price-targets-39-upside-after-rebounding-from-key-support","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-targets-39-upside-after-rebounding-from-key-support\/","title":{"rendered":"XRP price targets 39% upside after rebounding from key support"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price could be eyeing a strong rally as bulls manage to defend a key support, which could act as a springboard for a move to as high as $3.8 in the coming days.<\/p>\n<div id=\"cn-block-summary-block_6c1b288dd761fb231fd806f73968616e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price rebounded after hitting a key support level.<\/li>\n<li>The token was trading within a multi-month descending triangle.<\/li>\n<li>A successful breakout could push XRP to target a 39% rally.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, XRP (XRP) was trading at $2.79, up 3.1% in the past 24 hours and 56% from its lowest point this year.\u00a0<\/p>\n<p>The token\u2019s market cap stood at $166 billion, while its trading volume stood 70% higher than the previous day as its price rebounded suggesting demand from spot traders was accelerating amid renewed bullish sentiment.<\/p>\n<h1 class=\"wp-block-heading\">XRP price set for more upside?<\/h1>\n<p>XRP\u2019s gains came as bulls managed to defend the $2.70 support level, a zone that has served as a key support area since mid-July. Analysts believe XRP needs to hold this level to sustain a potential rebound in the coming days.<\/p>\n<p>A look at the daily chart shows that the XRP price has been trading within a descending triangle pattern for the past seven weeks.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price has formed a descending triangle pattern on the daily chart \u2014 Sep. 2 | Source: crypto.news<\/figcaption><\/figure>\n<p>For the uninitiated, the pattern, which typically hints at a sustained bearish trend, is formed by a series of lower highs converging toward a horizontal support level. In XRP\u2019s case, the $2.70 level has acted as the base of the pattern and serves as a critical support zone for the token\u2019s price.<\/p>\n<p>Based on the pattern, the token\u2019s price could now be targeting a move to $2.96, which represents the most recent lower high within the pattern.<\/p>\n<p>If bullish momentum remains intact, a breakout above this level could trigger a rally toward $3.88, the projected target based on the height of the triangle. At press time, the target level lies 39% above the current price level.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Multiple bullish catalysts in play<\/h2>\n<p>Several recent catalysts could act as a tailwind for the bullish rally.<\/p>\n<p>First, the main catalyst for XRP price this month will be the October deadline for the U.S. Securities and Exchange Commission to greenlight some of its ETFs. As such, the token may benefit from the positive sentiment among investors who anticipate approval now that the odds have increased to over 80%.<\/p>\n<p>Another factor that could support XRP gains is the renewed interest gained from whales recently.<\/p>\n<p>During the two-week market correction XRP faced earlier, whale wallets <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ali_charts\/status\/1962063055770079439\" target=\"_blank\">reportedly<\/a> purchased over 340 million XRP, equivalent to roughly $962 million, while exchange outflows climbed by $268 million.<\/p>\n<p>This suggests major players could be quietly accumulating XRP, a move that could drive interest among retail traders who closely monitor on-chain whale activity as a signal of potential bullish momentum ahead.<\/p>\n<p>Additionally, institutions also seem to be eyeing XRP. According to an earlier report from crypto.news, Japan-based gaming company Gumi, which is publicly listed and backed by SBI Holdings, has revealed plans to acquire around $17 million worth of XRP for its corporate treasury.\u00a0<\/p>\n<p>This development highlights growing recognition of XRP not just as a speculative asset, but also as a long-term store of value for enterprises.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price could be eyeing a strong rally as bulls manage to defend a key support, which could act as a springboard for a move to as high as $3.8&hellip;<\/p>\n","protected":false},"author":1,"featured_media":252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9516"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9516\/revisions"}],"predecessor-version":[{"id":9517,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9516\/revisions\/9517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/252"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}