XRP snapped higher to roughly $3.01 on Friday after Federal Reserve Chair Jerome Powell used his Jackson Hole speech to suggest the Fed could pivot toward easing.
The risk-on jolt that lifted U.S. equities also rippled through crypto, helping XRP complete a sharp V-shaped rebound as shorts were flushed and ETF speculation intensified.
A year after warning tightening would last “for some time,” Powell’s softened tone stoked bets on rate cuts. Lower policy rates typically support risk assets by reducing discount rates and funding costs, and they can encourage institutional portfolios to add higher-beta exposures like crypto. Bitcoin bounced on the headlines; XRP followed with a 6.9% hourly spike as liquidity rushed back in.
On August 21, Tidal Trust II filed a leveraged XRP ETF targeting 150-200% daily exposure with options-based yield overlays, following Teucrium’s 2x XRP ETF that has gathered $400M+. Analysts place approval odds near 95%, raising expectations for fresh institutional flows if products clear the SEC. The next big milestone: the agency’s decisions on spot XRP ETFs in October 2025.
Volume tripled to 155M tokens during the recovery hour as whales defended $2.82 support and accumulated roughly 900M XRP across 48 hours. That buying absorbed sell pressure and coincided with about $31M in short liquidations, creating a feedback loop higher. Caveat: transfers to exchanges such as Coinbase hint at some profit-taking risk near resistance.
XRP reclaimed the $2.99 barrier, confirming a V-reversal. On the 4h chart, an ascending triangle targets $3.17-$3.40 if $2.99 holds. RSI(14) near 41.6 leaves room to run before overbought conditions. A daily close below $2.82 would invalidate the setup and expose $2.65.
Powell’s Jackson Hole hint of rate cuts provided the macro spark; the leveraged-ETF narrative and whale support added fuel. If rates ease and ETF approvals materialize, XRP’s path toward sustained gains improves – provided $2.99 turns into durable support and exchange inflows don’t front-run the rally.
