XRP price is showing signs of life again after a rough stretch of selling pressure, boosted by momentum from exchange-traded funds.
Summary
- XRP price rose as the market saw strong activity from both spot and derivatives traders.
- The wave of new U.S. spot XRP ETFs has helped push the token back above the $2 psychological zone.
- The chart shows a clean bounce from support, but bulls still need to protect $2 to avoid another slide toward the late-October lows.
The has token jumped 8.2% in the last 24 hours, trading around $2.24 and reclaiming the upper end of its weekly range. It’s now up 4.2% on the week, though still down 34% over the past month and sitting 38% below its July all-time high of $3.65.
Spot activity picked up as well. XRP (XRP) recorded $6.24 billion in 24-hour volume, up 54.6% in the past day. In derivatives, futures volume rose 48.5% to $10.21 billion, while open interest climbed 14.5% to $4.13 billion.
Rising open interest during an upswing usually shows traders adding to their exposure rather than cutting it.
XRP spot ETFs boost market outlook
A large part of the excitement comes from the wave of spot XRP ETF launches in the U.S. Seven products went live between Nov. 13 and Nov. 25, marking one of the fastest ETF expansions for a non-BTC, non-ETH asset.
The shift follows the SEC’s softer stance after Ripple’s legal win, which opened the door for filings under the Investment Company Act of 1940. The most recent launch, the Grayscale XRP ETF (ticker: GXRP) on Nov. 24, drew strong institutional inflows and helped XRP break above the key $2 psychological level.
The battle now is whether the market can keep that level intact. Glassnode noted in a Nov. 24 update that XRP holders have realized between $500 million and $1.2 billion in weekly losses each time the token retested $2 in 2025, making it one of the most emotional price points for the asset.
Analysts are watching closely this week to see if buyers defend it again.
XRP price technical analysis
The chart shows XRP bouncing from a multi-day support area that has held several times. Buyers stepped in again after the recent dip, pushing the price back inside the Bollinger Bands and printing two steady green candles.
The relative strength index has curled upward from oversold territory, hinting at a normal mean-reversion move rather than a forced squeeze. Bollinger Bands are tightening as well, which usually comes before a stronger move.
However, XRP is still below 50-day and 100-day moving averages. The shorter MAs have turned supportive for the first time in weeks, but the longer ones still lean bearish, which means the recovery is not yet a complete trend shift. Oscillators are mostly neutral with a slight positive tilt on momentum and MACD.
If bulls defend the $2 floor, the market could attempt a push toward the $2.40–$2.50 region, where the mid-range moving averages converge. Clearing those levels would put the July high back into view over the coming weeks.
But if price slips below support again, the chart opens room for a drop back toward $1.80, which is the lower demand zone that previously attracted large buyers.
