XRP Price: New ETFs, $2 Support and Swift Dominance Suggest Strong Rebound
After briefly slipping below $2 amid a broader market rout, XRP has recovered key ground as ETF approvals, rising liquidity and growing...
Quick overview
- XRP has rebounded above $2 after a recent decline, indicating strong buyer support at this critical level.
- The approval of XRP-linked ETFs has boosted market sentiment and institutional interest, contributing to XRP's recovery.
- XRP's ability to maintain support near the 20-month Simple Moving Average suggests potential for further upward movement.
- Broader macro conditions, including increased liquidity and institutional activity, are creating a favorable environment for XRP's growth.
Live XRP/USD Chart
After briefly slipping below $2 amid a broader market rout, XRP has recovered key ground as ETF approvals, rising liquidity and growing institutional engagement strengthen the case for a renewed upward move.
XRP Finds its Footing After Sharp Market Pressure
Last week’s wave of selling across both crypto and traditional markets pushed XRP beneath the $2 level, mirroring the rapid risk-off sentiment seen globally. Panic selling and thinning liquidity added to the pressure, driving the token lower alongside Bitcoin and high-beta altcoins. However, the decline stalled over the weekend, and XRP rebounded back above $2, signaling that buyers are still defending this critical zone.
The move comes after a difficult two-month stretch. XRP had already slid toward $1.50 in early October and remained under pressure through November. Nearly half of its value was erased during that time, testing investor conviction. Yet, despite repeated attempts by sellers to force a deeper breakdown, the price continued to respect long-term structural support.
Major Technical Levels Hold Firm
XRP’s resilience can largely be attributed to its ability to maintain support near the 20-month Simple Moving Average. This long-term indicator has historically signaled accumulation during periods of heavy volatility, and once again it held firm as a floor. While the asset still trades below the psychological resistance at $3, its stabilization above $2 shifts the balance back in favor of buyers.
Ripple Chart Monthly – The 20 SMA Is Holding As Support
Should market conditions continue to improve, the first upside target sits near $2.50, followed by a possible retest of the $3 zone. A decisive break and hold above $3 would represent a clear bullish confirmation. On the downside, a loss of the $2 region — and especially the $1.50 area — would delay any meaningful recovery and extend consolidation.
ETF Momentum Lifts Market Confidence
New developments around XRP-linked exchange-traded funds have helped improve sentiment sharply. Grayscale’s XRP and Dogecoin ETFs are set to begin trading on the New York Stock Exchange tomorrow. The U.S. Securities and Exchange Commission confirmed its approval of the XRP ETF in a November 21 release, with a separate notice verifying approval for the DODGE ETF on the same day.
Bloomberg’s senior ETF analyst Eric Balchunas stated on X that Dogecoin ETF transaction volumes could reach $11 million on November 24. He also suggested that approval for the SEC’s Grayscale Chainlink Trust could follow as soon as the week after.
In addition to this, Canary Capital revealed that its XRP ETF launch achieved a record, registering the highest first-day trading volume of any ETF launched in 2025 as of November 17, reaching $59 million in volume. By the end of its debut session, the fund had accumulated approximately $250 million in assets under management, reinforcing the growing appetite for XRP-linked products.
Liquidity, Institutions and Utility Align
Broader macro conditions are now becoming more favorable. The Federal Reserve’s $29.4 billion liquidity injection has revived appetite for higher-risk assets. Historically, XRP has tended to respond positively during liquidity-driven periods, providing another potential tailwind.
Institutional activity also continues to expand. CME XRP futures volumes are rising, reflecting increasing professional interest. Ripple’s $1 billion acquisition of GTreasury significantly strengthens its integration with enterprise treasury systems. At the same time, its compliance with the EU’s MiCA framework, along with the SEC no-action letter issued to its subsidiary Standard Custody & Trust, has reinforced confidence among large-scale investors.
Taken together, these factors paint a constructive backdrop for XRP. As long as support above $2 continues to hold, the recent weakness may ultimately be remembered not as a collapse—but as the foundation for the next leg higher.
Ripple Live Chart
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