XRP Eyes Breakout as Price Tests $2.60 Amid ETF Launch News

TLDR

• XRP needs a close above $2.60 to maintain its bullish structure, says analyst Egrag Crypto.
• A break above $3.40 could signal a long-term bullish breakout for XRP.
• XRP risks trend failure if the monthly close falls below the 21 EMA around $1.90.
• The SEC has approved the US Spot XRP ETF from 21Shares, launching Monday.

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XRP is trading at a decisive level as it hovers around $2.20, according to an update from market analyst Egrag Crypto. With the monthly candle about to close, key technical levels and new institutional developments may shape the next major move in the asset’s price.

$2.60 Remains Crucial to Preserve Bullish Momentum

According to Egrag Crypto, XRP must close above the $2.60 level to keep its bullish trend intact. This level corresponds to the 0.5 Fibonacci retracement zone on the monthly chart. The price has tested this level several times in 2025, both as support and resistance.

The chart shared by Egrag shows that XRP broke above $2.60 in July but has since fallen below that point. The $2.60 area is now being tested again. A monthly close above this level would indicate continued upward momentum, although it does not confirm a full breakout.

Egrag stated that if XRP manages to push above $3.40, it would confirm what he called a “super bullish macro breakout.” This level marks the 0.888 Fibonacci retracement on the monthly timeframe, which is often seen as one of the final barriers before all-time highs.

The chart analysis shows tight consolidation below this level. If buyers manage to push through the $3.40 area, a sharp move to the upside is possible. Egrag’s chart shows compressed price action below this zone, often a sign of potential breakout strength if demand increases.

Falling Below $1.90 Could End the Bullish Structure

While upside scenarios remain in focus, the analyst also outlined the downside risk. A close below the 21-month Exponential Moving Average (EMA), currently between $1.83 and $1.90, would break the bullish setup on the monthly chart.

Egrag described this level as the final support for XRP on the monthly timeframe. If price action closes below this level, he warned it would undo much of the year’s gains. “We are f**ked, no sugar-coating it,” he stated in a blunt remark shared with his followers on X.

SEC Approval of XRP ETF Adds to Bullish Setup

Toward the end of the week, 21Shares announced that its US Spot XRP ETF, listed under the ticker TOXR, has received approval from the U.S. Securities and Exchange Commission (SEC). The ETF is set to launch on Monday.

This development adds an institutional angle to XRP’s technical outlook. If the ETF sees investor inflows similar to other spot crypto funds, it could strengthen the case for a continued rally. Analysts will be watching to see how much buying volume is generated from this new product.

The ETF approval comes at a time when XRP is sitting just above key support, while testing resistance zones. This timing adds pressure to the current monthly close as investors and traders await confirmation of the next move.

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