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XRP (XRP-USD) trades at $2.4338, down 3.67%, reversing from an intraday high near $2.57 after repeated failures at the trendline ceiling. The previous close was $2.5264, and volume rose sharply by 32% to $6.1 billion, with 72% sell-side flows dominating. Despite ETF enthusiasm, the token faces renewed selling at short-term resistance. Open interest climbed to $4.11 billion, confirming that new short positions are adding pressure while spot outflows of $68 million show traders taking profits after the ETF-driven surge.
XRP’s latest rally stemmed from optimism surrounding the Canary XRP ETF, which logged $138 million in early inflows before triggering profit-taking. Multiple DTCC listings for prospective spot XRP ETFs—including issuers like 21Shares, Bitwise, and CoinShares—reflect operational readiness, not SEC approval. Traders misread these listings as imminent launches, leading to exaggerated short-term volatility. The “20-day clock” chatter surrounding Form 8-A filings remains speculative, as the U.S. regulator has yet to confirm final effectiveness on EDGAR. This misalignment between expectation and procedure explains why rallies into $2.57–$2.65 keep fading.
XRP remains range-bound between $2.15 and $2.70, reflecting indecision between speculative momentum and structural accumulation. The short-term moving averages show 10-day EMA at $2.39, 20-day EMA at $2.43, 50-day EMA at $2.56, and 200-day SMA at $2.63. The token currently trades below the long-term mean, confirming a bearish-to-neutral regime. RSI sits near 50, suggesting balance between bulls and bears, while MACD remains mildly negative. The ATR (14) reading near 0.18, or roughly 7% of price, implies average volatility with room for sharp intraday swings. Until XRP can hold above $2.70 on strong volume, the broader bias remains defensive.
The market’s near-term support zone lies between $2.41–$2.43, reinforced by pivot and EMA confluence. A deeper layer of demand appears at $2.30, with the critical base at $2.15–$1.95, where November buyers previously absorbed heavy selling. On the upside, the resistance ceiling holds at $2.52–$2.57, followed by the trendline wall at $2.65–$2.70, aligning with the upper Bollinger Band. The short-term equilibrium range is $2.41–$2.54, and until XRP escapes this compression zone, mean reversion dominates price behavior.
Exchange data shows a sustained pattern of negative netflows, reinforcing that most traders are transferring holdings to exchanges for selling rather than accumulation. The increase in open interest alongside declining prices confirms the entry of new short positions, while high leverage ratios among top traders elevate the risk of a liquidation cascade if price retests $2.30. Derivative funding remains positive, implying bullish overexposure despite weakening spot momentum. This divergence suggests speculative longs remain vulnerable if ETF momentum fades again.
The macro backdrop remains cautious, with Bitcoin dominance near 59% and crypto market sentiment at 31 (Fear). While Ripple’s legal battle with the SEC concluded in 2025, confirming that exchange-based sales of XRP are not securities, the ruling also imposed a $125 million penalty and limited institutional placements. This partial clarity supports ETF filings but doesn’t guarantee rapid approvals. Meanwhile, macro headwinds—tightened liquidity, risk aversion, and ETF fatigue—temper bullish conviction. Institutional flows remain muted as traders await confirmed SEC filings such as 19b-4 and S-1 effectiveness notices before committing capital.
The launch of the XRP ETF initially created enthusiasm, but the subsequent $68 million in spot outflows highlights that short-term traders are using ETF-driven pops to exit positions. The pattern mirrors post-ETF behavior seen in Bitcoin and Ethereum launches earlier in the decade: enthusiasm followed by exhaustion. Long-term holders remain active around the $2.20 base, but near-term conviction is low, with market makers widening spreads and volatility clusters tightening around mid-range liquidity pools.
Bullish Setup: A daily close above $2.70 with rising spot inflows and expanding volume would validate a breakout toward $2.90 and later $3.10. The first confirmation comes if $2.57 holds as support intraday.
Neutral Setup: Maintaining between $2.41–$2.54 favors mean reversion strategies and tight range trading.
Bearish Setup: A close below $2.30 with increasing open interest and continued spot outflows would target $2.15 and potentially $1.95, zones that historically attract whale bids but risk accelerating if global liquidity worsens.
Key Metrics to Watch in the Next Sessions
- Price reaction near $2.52–$2.57: Does it act as support or rejection?
- ETF filings: Monitor official EDGAR and 19b-4 updates, not social speculation.
- Flows and leverage: Track if spot inflows replace outflows on rebounds; that’s the signal for sustained strength.
- Macro backdrop: If Bitcoin (BTC-USD) stabilizes above $105,000, XRP’s risk appetite could return, but another BTC dip would extend altcoin weakness.
At $2.4338, XRP-USD sits at a pivotal juncture. ETF optimism supports long-term sentiment, but near-term structure remains fragile. Price action shows heavy supply at $2.65–$2.70 and thin liquidity below $2.30, creating a narrow equilibrium. The ETF narrative is constructive, yet flows still confirm distribution. Until XRP posts a daily close above $2.70, the market stays neutral-to-bearish. The smart positioning is HOLD, with tactical BUY setups only on confirmed breakouts and strict risk controls below $2.30.
That’s TradingNEWS.com