- XRP consolidates inside a triangle with support at $2.85 and resistance near $3.20.
- Trump’s pro-crypto comments fuel speculation of Ripple’s role in U.S. financial modernization.
- On-chain data shows $12.7M inflow, marking first accumulation after a week of outflows.
XRP (CRYPTO: XRP) price today is trading near $2.98, consolidating within a tightening symmetrical triangle pattern as shown on the daily chart. The token continues to hold above key support around $2.85–$2.88, while resistance remains capped near $3.10–$3.20. Traders are watching closely as technical compression aligns with renewed on-chain inflows and political signals that have injected fresh optimism into the market.
XRP Price Consolidates In Symmetrical Triangle
XRP’s chart structure highlights a narrowing range between the $2.85 base and the upper trendline near $3.20, signaling a potential breakout phase. The 20-day EMA sits around $2.94, with the 50-day EMA at $2.93 and 100-day EMA at $2.85, all converging tightly—a classic sign of a high-volatility move ahead.
As long as XRP remains above the ascending trendline from June lows, the broader uptrend remains intact. A breakout above $3.20 could open the door toward $3.35 and $3.60, while losing $2.85 could expose deeper downside toward the 200-day EMA near $2.63.
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Momentum remains neutral but constructive, as the OBV (On-Balance Volume) line trends higher, indicating that accumulation persists despite short-term price stagnation.
Trump’s Crypto Remarks Ignite XRP Speculation
Social media activity spiked on October 6 after a speech by Donald Trump referenced plans to “upgrade the ancient U.S. financial system using state-of-the-art crypto technology.” The clip, shared by community member JackTheRippler, drew over 180,000 views in hours and triggered a surge in XRP-related discussions.
The timing of Trump’s remarks, which was just after a meeting reportedly involving Ripple executives, has amplified speculation that Ripple (XRP) could play a role in broader U.S. financial modernization efforts. Though no official partnership has been confirmed, traders view the rhetoric as a signal of pro-crypto policy momentum, a theme that could strengthen institutional interest in XRP.
On-Chain Data Shows Return Of Positive Flows
On-chain metrics from Coinglass indicate a $12.77 million net inflow into XRP markets on October 7, marking the first positive reading after nearly a week of outflows exceeding $22 million. While modest, this reversal reflects early signs of renewed accumulation following Trump’s comments.
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Historically, sustained inflows of this scale have preceded short-term bullish reversals for XRP, especially when combined with tightening volatility bands. Analysts caution, however, that the market still needs consistent inflows above $25 million per day to confirm conviction from larger participants.
Technical Outlook For XRP Price
| Direction | Key Levels |
| Upside targets | $3.20, $3.35, $3.60 |
| Downside supports | $2.85, $2.63, $2.40 |
| Trend bias | Neutral-to-bullish within triangle |
| Momentum signal | Accumulation continuing, breakout likely near-term |
Outlook: Will XRP Go Up?
XRP’s short-term trajectory hinges on whether bulls can capitalize on improving sentiment and reclaim the $3.20 resistance line. The alignment of political interest, technical compression, and mild on-chain inflows creates a balanced but constructive backdrop.
As long as XRP price today stays above $2.85, analysts remain cautiously optimistic that the next move could favor the upside. A confirmed close above $3.20 would validate a bullish continuation toward $3.35–$3.60, while failure to hold current support could delay momentum and drag price back toward $2.63.
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