XRP Today News: Failed to hold the key level of $2.81, technical analysis shows a bullish triangle flag breakout signal, target $5.

XRP has recently been affected by the overall pullback in the crypto market, falling 3.1% in the last 24 hours and failing to hold the key level of $2.81, with long-term whales selling heavily around $2.80. Since July, institutional liquidation flow has reached $1.9 billion, and the current support level is $2.75-$2.77. Despite a monthly decline of 7.64%, the fundamentals continue to improve: the supply of RLUSD stablecoin has surpassed $701 million, setting a record high; several institutions have updated their XRP ETF application documents; Japanese listed company Gumi announced the purchase of up to $17 million in XRP as corporate treasury. The technical analysis shows a bullish triangular flag pattern, which, if broken, could rebound to $3.66 (+30%) and move towards the $5 target.

The technical analysis forms a bullish triangle flag pattern, with key support levels facing a test

(Source: TradingView)

The price of XRP is currently around $2.75, and the 4-hour chart shows the formation of a triangular flag pattern, which typically indicates a brief consolidation before continuing upward in a bullish trend. Analysts predict that if a successful breakout occurs, the price may return to the July high of $3.66 (a 30% increase) and is expected to further challenge the $5 target level. Immediate support levels are in the range of $2.75-$2.77, and if these levels are lost, it may test long-term supports at $2.50 and $2.00. It is worth noting that significant dumping by long-term Whales around $2.80 has created short-term pressure, with total institutional liquidations reaching $1.9 billion since July, indicating that some funds have taken profits.

RLUSD stablecoin supply exceeds 700 million USD, XRP Ledger practical value increases

According to CoinMarketCap data, the supply of Ripple's stablecoin RLUSD exceeded $701 million last Saturday, achieving explosive growth. This increase significantly drives the practical value of the XRP Ledger, providing a stable liquidity foundation for the ecosystem. The rapid expansion of the stablecoin's scale forms a positive feedback loop with the increase in corporate adoption rates. Japanese listed company Gumi recently announced plans to purchase up to 25 billion yen (approximately $17 million) of XRP as corporate treasury, emphasizing its focus on cross-border payment utility rather than short-term speculative value. The acquisition window for Gumi will last from early September 2025 to February 2026, following established corporate treasury management processes rather than market speculation operations.

The probability of XRP ETF approval reaches 86%, multiple institutions simultaneously update application documents

Renowned crypto commentator Nate Geraci predicts that spot XRP and SOL ETFs will attract significant investor interest, noting that the current market demand for these altcoin-based products is severely underestimated. Institutions such as Grayscale, Bitwise, Canary, and 21Shares have recently updated their XRP ETF application documents submitted to the SEC in the U.S. simultaneously, and Geraci believes this synchronized filing is "highly noteworthy" and a "good sign for eventual approval." Predictive market data indicates that the probability of the U.S. XRP ETF launching in 2025 is as high as 86%. This institutional-level movement is a forward-looking reflection of the market's shift in demand for compliant crypto investment products.

New Model of Financial Asset Allocation for Japanese Enterprises, Compliance Environment Stimulates Demand for Practical Tokens

Gumi's acquisition decision reflects a new trend in the financial asset allocation of Japanese companies. As a publicly listed company in Tokyo, its largest shareholder, SBI Holdings, has maintained a long-term partnership with Ripple, and this ecosystem connection makes XRP the shortest path to achieving actual business integration. The Japanese regulatory environment is becoming increasingly clear, and accounting treatment standards are being clarified, allowing publicly listed companies to hold digital assets in compliance rather than treating them as contraband. Utility tokens, due to their ability to significantly reduce cross-border transfer costs, are more likely to gain support from CFOs and boards of directors. This trend indicates that assets that can access payment, liquidity, or financial settlement systems are gaining favor among companies.

Conclusion

Although XRP faces technical pullback pressure in the short term, its fundamental support remains solid. The RLUSD stablecoin scale has surpassed 700 million USD, the shift in Japanese corporate financial allocation models, and the progress of ETF applications create a long-term value foundation. If the triangle flag pattern on the technical side breaks through successfully, it may initiate a new round of rising market. Investors need to closely monitor the effectiveness of the 2.75 USD support level, as well as track the progress of ETF approvals and the dynamics of Japanese corporate financial allocations, as these factors will jointly determine XRP's performance in the second half of the year. The continuous improvement of the regulatory environment and the growth of practical demand from enterprises are gradually changing XRP's market positioning from a trading chip to a practical asset.