XRP price has dropped 3% over the last 24 hours to exchange hands at $2.18, yet a persistent accumulation pattern hints at imminent volatility. Over the past two weeks, XRP has stayed below the $2.20 threshold, trading within a narrow $2.14–$2.25 range. During this period, on-chain data shows daily transactions on the XRP Ledger hovering above two million, indicating steady network activity despite price stagnation. Amid this consolidation, market technician and longtime XRP bull EGRAG Crypto identified a final “go-go signal” at $2.65—a level he argues must be cleared for a bullish breakout. This signal comes as institutional adoption of XRP accelerates, positioning the token for a potential shift from sideways action to an extended rally. XRP Technical Analysis: The Mega Falling Wedge Since reclaiming the $3.00 mark in January 2025, XRP has entered a prolonged correction phase. On January 14, 2025, XRP peaked at $3.40—its highest level in seven years—before collapsing below $3.00. Subsequent price action formed a “mega falling wedge” on the 4-hour chart, characterized by lower highs and lower lows over four months. Source: Egrag Crypto X EGRAG’s analysis pinpoints five critical price hurdles. The first is $2.30, a level XRP that has not been cleared since May 29, 2025. Next is $2.35, followed closely by $2.36—the third target that, if conquered, would signal the wedge breakout. The fourth level stands at $2.45, representing a two-week high. Finally, EGRAG designates $2.65 as the “go-go signal,” suggesting that breaching this mark would confirm an end to the wedge pattern and trigger a strong upside move. Since mid-January, XRP has tested the wedge boundaries multiple times. A rally to $3.02 on March 17, 2025, stalled at the upper trend line, prompting a retest that returned the price to $2.75. Another attempt in early May saw XRP climb to $2.65 but fail to hold, instead dropping back into the wedge. These failed breaks highlight the importance of $2.65; it represents both a recent rejection point and EGRAG’s final trigger for a bullish phase. Institutional Adoption: ETFs, Futures, and Corporate Reserves Technical setups aside, XRP’s fundamentals are strengthening via institutional channels . On May 25, 2025, Brazil’s B3 exchange launched XRPH11, the world’s first Ripple-based ETF, allocating 95 percent of its assets to XRP. In parallel, CME Group introduced XRP futures on May 20, 2025, providing traders with new derivatives tools. Even more noteworthy, the U.S. Securities and Exchange Commission approved the first XRP futures ETF on April 30, 2025—marking a regulatory milestone. This approval follows months of uncertainty and positions XRP alongside other major digital assets as an institutional product. On-chain flows corroborate growing demand: over $200 million worth of XRP moved into institutional-grade addresses in late May 2025, according to WhaleAlert data. Corporate adoption is also on the rise. Renewable energy provider VivoPower announced on May 15, 2025, that it raised $121 million to establish an XRP-focused treasury reserve, becoming the first publicly traded firm. Similarly, Webus International filed for a $300 million fundraising effort earmarked to create a strategic XRP reserve . These moves underscore institutional conviction in XRP as a trading asset and treasury instrument. While EGRAG’s wedge analysis provides a clear technical roadmap, market participants must weigh these levels against evolving macro and institutional drivers. XRP’s daily simple moving average (SMA) on both the 50-day and 200-day timeframes currently sits at $2.25 and $2.30, respectively. Failure to reclaim these SMAs has maintained bearish momentum. Yet, rising ETF holdings and futures volume—up 35 percent month-over-month—signal that institutions eye XRP’s next move. What Next for XRP Price? Longer-term, EGRAG remains bullish beyond the $2.65 trigger. In prior analyses, he projected a $27 target for XRP—relying on a broader bull cycle in digital assets that began in late 2024. XRP/USDT Price Chart| Source: TradingView However, short-term focus must center on the falling wedge. If price holds above $2.36 after breaking the wedge, the next logical step is $2.45. Sustaining above $2.45 would set the stage for the “go-go signal” at $2.65. At current levels—XRP trading at $2.12 on June 5, 2025—liquidity remains thin at the $2.20–$2.30 band. Market depth is shallow, with aggregated bid orders totalling 1.2 million XRP at $2.20, versus 800,000 XRP at $2.30. This asymmetry suggests that even modest buying pressure could nudge the price toward the initial hurdle at $2.30. EGRAG’s call for a $2.65 breakout comes at a pivotal moment. Institutional networks—from ETFs to corporate reserves—are locked in XRP exposure. Simultaneously, on-chain activity remains robust with over two million daily transactions. Against this backdrop, technical clarity from the mega falling wedge pattern could catalyze a decisive move.
