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XRP climbed 4% to $1.38 on Wednesday after touching a low of $1.3409, but the candle is secondary to what Bitwise research analyst Ryan Rasmussen told roughly 400 wealth managers earlier in the week. XRP generated more questions than Bitcoin, Solana, Hyperliquid, stablecoins and tokenization during a presentation covering each of them, and Rasmussen called the volume of inquiries "a lot" in a post-event thread.
Why it matters
The shift is from retail speculation toward regulated portfolio exposure. A companion audience poll found 67% of attendees currently hold no crypto allocation at all, yet 60% expect prices to be higher by the end of 2026 and plan to allocate within the next twelve months. ETF inflow data has already been building the case that XRP is moving onto wealth-manager platforms, and the Rasmussen poll adds the anecdotal weight. The unresolved piece is the gap between intent and action.
Market impact
XRP has compressed into a descending triangle since the August spike to roughly $1.70, and the $1.35-$1.38 zone is doing the heavy lifting as primary demand. The 200-day EMA sits close by, reinforcing $1.33-$1.35 as structural support. A reclaim of $1.55-$1.60 opens the door to the $1.68-$1.72 swing-high liquidity zone, with $1.86 and $2.00 as stretch targets if wealth-manager intent actually converts to inflows.
The asymmetry is modest: a move from $1.38 to $2.00 is roughly 45%, respectable for an $80B-plus market-cap token rather than life-changing. The base case is continued consolidation between $1.35 and $1.55 while the market waits for confirmation that the 60% allocation intentions turn into purchases. A break below $1.33 invalidates the triangle and opens a retest of $1.23-$1.25, with $1.15-$1.20 as a deeper floor.
Frequently asked questions
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Why did XRP draw more wealth-manager questions than BTC at the Bitwise event?
Bitwise research analyst Ryan Rasmussen told roughly 400 wealth managers that XRP generated more inquiries than Bitcoin, Solana, Hyperliquid, stablecoins and tokenization during a presentation covering each of them, calling the volume of questions "a lot."
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What did the Bitwise wealth-manager poll reveal about crypto allocation plans?
A companion poll found 67% of attendees currently hold no crypto allocation, yet 60% expect prices higher by end-2026 and plan to allocate within the next twelve months, leaving a wide gap between sentiment and action.
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What are the key technical support levels for XRP right now?
XRP has compressed into a descending triangle since the August spike near $1.70. The $1.35-$1.38 zone is acting as primary demand, with the 200-day EMA reinforcing $1.33-$1.35 as structural support.
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What price levels would confirm a bullish breakout for XRP?
A reclaim of $1.55-$1.60 opens the door to the $1.68-$1.72 swing-high liquidity zone, with $1.86 and the $2.00 psychological level as stretch targets if wealth-manager intent converts to actual inflows.
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What would invalidate XRP's current bullish setup?
A break below $1.33 invalidates the descending triangle and opens a retest of $1.23-$1.25, with $1.15-$1.20 as a deeper downside floor.
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