TLDR
- XRP Price retests 2021 resistance turned support, confirming bullish market structure.
- Price stabilizes above $2.30 amid strong institutional accumulation signs.
- Ripple’s revenue drops 89%, showing weakened on-chain network activity.
- Multiple XRP ETFs await approval as 2025 deadlines approach fast.
Analysts’ charts on X show that the XRP price has returned to retest its former 2021 resistance zone. According to their data, the move zone now turned into key support near $1.70–$1.90. The weekly chart reveals that this same region capped price advances in April 2021 before becoming the base for the 2025 breakout. The token currently trades around $2.35, showing that the support zone is holding after an early-October retracement from the $3.60 peak.
The chart emphasizes that this area marks the “bull market foundation,” adding that XRP is repeating its historical structure. This is where past resistance becomes a launch pad for the next cycle.
XRP price data shows that after rejecting the $1.80 ceiling in 2021, XRP traded below that level for over three years before finally breaking through in early 2025. The retest now confirms structural support aligned with long-term accumulation patterns.
Technical Structure Points to Re-Accumulation XRP Price Channel
Looking at daily charts, we see that the token’s price action since July shows a series of descending channels. Each channel represents a corrective structure following impulse moves, suggesting a stair-step consolidation pattern. The current structure has XRP bouncing from the lower boundary of its most recent descending channel near $2.25. The channel top aligns near $2.90, marking the immediate resistance to reclaim.
1-day XRP/USDT Chart | Source: TradingView
This technical behavior reflects systematic pullbacks within a broader uptrend. The earlier channels from February and May 2025 ended in breakouts, each leading to rapid upside extensions exceeding 40% in the following weeks.
Based on this repeating structure, the latest rebound above $2.30 confirms renewed buyer participation after testing mid-cycle support. Maintaining momentum above the $2.25–$2.35 zone would reinforce structural integrity ahead of potential ETF-related inflows early next year.
Revenue Data Shows Protocol Weakness Amid Market Consolidation
Despite the improving technical structure, Ripple’s protocol revenue has sharply declined in recent months. Data from Artemis indicates that total accrued revenue fell by 89.7%, from over $17,000 to just $996.6 as of mid-October 2025. This trend highlights reduced transactional activity and lower token burns across the network, coinciding with broader on-chain stagnation.
XRP Revenue Data | Source: Artemis
While XRP price resilience has held firm near the weekly support, the revenue contraction signals that network utility remains subdued. The decline began in late August 2025 and continued steadily through September, suggesting the impact of reduced remittance flow volumes or subdued liquidity among institutional corridors. This data trend aligns with a period of macroeconomic tightening and slower stablecoin transfer growth across multiple blockchains.
Despite the protocol slowing down, institutional narrative is gaining traction as multiple ETF filings related to XRP await regulatory deadlines. According to records, submissions from 21Shares, Grayscale, Franklin, and Bitwise are pending review, with several final decision dates clustered between February 2025 and March 2025. These listings appear in the latest ETF schedule circulated online, which also includes conversion filings for Ethereum, Solana, and Avalanche.
Historically, ETF milestones have acted as key liquidity catalysts across major digital assets. This suggests that XRP’s market structure may be entering a new liquidity phase which could boost the XRP price.
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