XRP has returned to high-time-frame support at $2.70, a critical level that must hold to maintain bullish market structure. Technical confluence suggests this zone could fuel a reversal toward $3.55.
- Key $2.70 support aligned with value area high and Bollinger Bands
- Potential higher low supports continuation of bullish macro trend
- Open interest reset provides base for reversal toward $3.55
Ripple (XRP) is testing one of its most critical technical regions as price action trades back into high-time-frame support at $2.70. This level carries significant weight for the broader trend, with technical confluence from the value area high and Bollinger Bands strengthening its importance.
XRP has recently dipped despite bullish drivers, such as the REX-Osprey XRPR ETF launch and rising odds of Act 33 ETF approvals. A sustained defense of this zone could form a higher low and confirm the continuation of XRP’s bullish macro trend, characterized by consecutive higher highs and higher lows.
Ripple price key technical points
- Support: $2.70 high-time-frame zone with confluence from value area high and Bollinger Bands.
- Resistance Target: $3.55 high-time-frame level as the next upside objective.
- Market Structure: Potential higher low forming within an ongoing bullish macro trend.
The $2.70 support zone is emerging as a pivotal level for XRP. Price action has returned to this area after a corrective pullback, and structurally, this is where a higher low can form. If this level holds, it will reinforce the broader bullish framework, allowing continuation toward the next resistance at $3.55.
Adding weight to this zone is its technical confluence. The value area high aligns with the bottom half of the Bollinger Bands, providing dual layers of support. Historically, when XRP has defended similar zones, strong rotations have followed. The technical setup suggests that this region is not only structurally important, but also strategically positioned to support a return in demand.
Another key factor is open interest. Following the recent drop, open interest has returned to neutral levels, currently trading at around $8.96 billion. This is significant because it reflects a balanced market after prior aggressive positioning. Since Aug. 3, XRP has repeatedly gravitated around this open interest level, making it a base for potential reversals.
The path forward will depend on whether open interest begins to rise again in alignment with price action. A climb in open interest at $2.70 would signal renewed participation and conviction from market participants. This could provide the fuel for a rotation higher, with $3.55 standing out as the next upside target.
What to expect in the coming price action
If XRP holds $2.70 support and open interest rises in tandem with price, the conditions for a reversal toward $3.55 become increasingly likely.
Failure to defend this region would weaken the bullish macro trend and delay continuation.
