XRP slipped sharply on Monday, falling back below $2.03 after a strong rejection at the $2.15–$2.20 resistance zone. The move came immediately after price tested the descending trendline that has capped every recovery attempt since early September, confirming that sellers still control the broader structure.

Despite the pullback, Ripple made a notable regulatory advance. The company secured an expanded Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing Ripple Markets APAC to scale its payment infrastructure across the region. The approval strengthens Ripple’s presence in Singapore, one of the fastest-growing digital-asset jurisdictions, and solidifies its long-term strategy of regulated international expansion.

Ripple Expands in Asia-Pacific

The updated MPI license supports Ripple’s cross-border payment services, giving banks and fintechs more tools to settle transactions using RLUSD stablecoins and XRP. Benefits include:

• Faster onboarding for payment providers
• Simplified access to blockchain settlement
• Streamlined infrastructure for digital-asset flows

Asia-Pacific remains one of the strongest regions for crypto adoption, with on-chain activity rising nearly 70% over the past year. Ripple views Singapore as a core hub, supported by partnerships with Mastercard and Gemini for RLUSD-based fiat settlement pilots.

XRP Technical Outlook

The technical picture remains bearish after XRP failed to hold the 50-EMA on the 4-hour chart. Price now sits below both the 50-EMA and 200-EMA—a configuration that typically keeps momentum slanted to the downside. A spinning-top candle near $2.20 signaled hesitation before sellers stepped in, followed by a long bearish candle that confirmed the trendline rejection.

RSI has dropped toward 28, showing oversold pressure but no clear bullish divergence yet. The lower-high, lower-low pattern remains intact, and the entire structure continues to track a descending channel.

Immediate supports sit at $2.01, $1.94, and $1.88, where XRP previously formed strong reaction wicks.

XRP/USD Trade Setup: What Traders Can Look For

A conservative approach is to wait for XRP to retest the broken $2.15–$2.20 zone. A bearish engulfing or a shooting star in this area would reconfirm resistance and offer a cleaner short entry. A protective stop can sit above $2.25, just beyond the descending trendline.

Downside targets remain $2.01, then $1.94, and $1.88 if momentum accelerates.

Aggressive buyers may look for early signs of a reversal, such as a hammer candle or a bullish RSI divergence, near $1.94 or $1.88. A recovery above the 50-EMA at $2.15 is needed to shift short-term bias back to bullish.

XRP has taken a big tumble, finally falling to a key support line that it’d been comfortably tapping since Dec. The token hit $1.8430, slashing almost half (47%) off its 2024 high. This downturn sent marketcap down to $115 billion – a long way from its year-to-date peak of $200 billion.

The rest of the crypto industry has taken a serious hit too – Bitcoin and the major altcoins have wiped out over $1.2 trillion in value. Despite that, analysts are flagging up some emerging factors that could change things for XRP in the next few weeks.

ETF Demand is a Good Omen

There’s one sign of strength that stands out – steady demand from US investors. Since that first XRP ETF got the green light, XRP ETFs have had daily inflows – as per SoSoValue.

Key numbers tell the story :

• $422 million flowed into Canary’s XRP ETF
• Bitwise’s XRP ETF has $384 million in net assets
• Combined ETF assets total 0.33% of XRP’s market cap
• More ETF launches on the cards from Franklin Templeton and Grayscale

ETF ownership is tiny for Bitcoin and Ethereum – just 5% and 6.5% of marketcap, respectively. If XRP ETFs just reach that level, the total asset pool could hit $5.7 billion, giving the whole market a significant boost in terms of liquidity and investor confidence.

The other catalyst is Ripple’s USD stablecoin, which just passed the $1 billion mark in marketcap – $300 million of that is out there on the XRP Ledger. That expanding adoption does a lot to prove network utility and could give the price some long-term support.

What to Keep an Eye On

Market leverage has eased off, with futures open interest now down to $3.3 billion from over $10 billion earlier in the year. That lower leverage has reduced the risk of volatility and sets the scene for a potential recovery.

The three-day chart for XRP has the token resting at a key support point. It’s slipped below some important technical levels – the 50% Fibonacci retracement and both the 50-day and 100-day EMAs.

To keep an eye out for :

• If XRP breaks below $1.8430, it could confirm a double top pattern at $3.4072 – and send the token plummeting to $1.50\
• A rebound is still possible, and if XRP can hold on its support will be $2.50

Right now, XRP is at a crossroads – whether or not it levels out or keeps on sliding will depend on the momentum of those ETFs, stablecoin expansion and what’s happening in the broader market.

21Shares, one of the world’s biggest crypto index fund issuers, just got the thumbs up from the US Securities and Exchange Commission for its XRP ETF. After throwing in an application through the standard route of filing Form 8-A, things are looking good: this thing should be up and trading on the Cboe BZX Exchange in a week or so, under the ticker TOXR – a major milestone towards getting XRP on the radar for US investors.

This approval comes courtesy of a 21Shares filing on November 7th, using the SEC’s standard new-fund setup procedure. Still, the SEC’s sped-up review process – courtesy of the recent US government shutdown reversal – gave the whole thing a nice little kick along. And to prove that things are actually moving, the SEC filing says 21Shares has already got Cboe BZX Exchange onside for its product – that’s the final regulatory tickbox before launch.

This positions 21Shares among an emerging group of competitors — including Bitwise, Grayscale, and Franklin Templeton — preparing their own XRP ETFs for market entry.

Key Details of the TOXR XRP ETF

The new ETF will track the CME CF XRP-Dollar Reference Rate, offering investors pricing transparency and institutional-grade methodology.

Custodians & Service Providers

• Coinbase Custody, Anchorage Digital Bank, BitGo Trust – digital asset custodians
• BNY Mellon – cash custodian, administrator, and transfer agent
• Foreside Global Services – marketing agent

Additional Features

• Initial Seed Capital: 10,000-share creation baskets purchased by 21Shares US LLC
• Management Fees: Not yet disclosed (Franklin Templeton leads with 0.19%)
• Upcoming Launches: Bitwise’s XRP ETF will begin trading under ticker XRP on NYSE Arca on November 20

These developments highlight a broader shift toward regulated, institutionally accessible XRP investment vehicles.

XRP Market Reaction: Price Stabilizes After Volatility

XRP has risen 5% in the past 24 hours, recovering from a sharp 9% decline to trade near $2.12, with daily movement between $2.01 and $2.17.

Investor participation has accelerated, with trading volume up 26%, signaling renewed engagement driven by ETF momentum.

Futures data shows a mixed but elevated derivatives landscape:

• Total futures open interest: +0.30% to $3.38 billion
• CME 4h open interest: +0.56%
• Binance 4h open interest: –1.17%

This backdrop points to rising institutional attention ahead of multiple ETF launches.

XRP/USD Price Prediction – Technical Outlook

XRP/USD remains under pressure after losing the $2.20 zone, with sellers continuing to dominate the 4-hour structure. Price is trading below the 20-EMA and 50-EMA, reinforcing a weak short-term trend. Recent candles show shallow rebounds and quick rejections, indicating that buyers are not stepping in with conviction.

The pair is currently stabilizing near $2.10, a former pivot area. If this level fails, downside risk opens toward $1.99, followed by deeper support at $1.86, where the ascending trendline and horizontal structure intersect. RSI is holding around the mid-40s, showing muted momentum and no bullish divergence.

For sentiment to shift, XRP must reclaim $2.30, a key confluence level formed by a descending trendline and prior reaction zone. A breakout above this threshold could target $2.52. Until then, the broader structure favours sellers, and any corrective bounce may face early resistance.