XRP is trading in a low volatility range
Over the past week, XRP has shown signs of renewed activity as inflows linked to upcoming spot exchange-traded funds (ETFs) sparked new interest; However, structural headwinds continue to cloud its near-term prospects.
In mid-November, after several difficult weeks, the token regained a foothold above the $2.00 level as new momentum emerged.
A major catalyst has been the imminent launch of spot ETFs by big-name issuers. Notably, asset manager Franklin Templeton filed for its XRP ETF on Nov. 18, joining rival issuers in what many see as a next wave of institutional access to XRP.
This development has sparked optimism among investors who hope that institutional capital can inject new liquidity into the XRP markets and help reverse the broader bearish trend.
However, the path forward remains difficult. Despite renewed buying interest, recent data suggests substantial selling pressure from long-term holders. In recent weeks, long-term wallets have dumped tens of millions of XRP, significantly outpacing short-term accumulation.
Still, there remain reasons for cautious optimism. The combination of institutional demand related to ETFs and a renewed short-term buying base could create a basis for a rally, if long-term selling declines and macro sentiment improves.
Bottom line: In recent weeks, XRP has seen a combination of renewed institutional interest and strong long-term selling.
The key question through the end of the year remains whether the token can translate the ETF’s optimism into a sustainable uptrend, or whether selling pressure and macroeconomic headwinds will continue to hold it back.
XRP Bull Case:
As long as XRP manages to hold above its key support zone of $2.0807 to $1.8193, comprised of the mid-April to November lows (except the October 10 peak low), a short-term trend recovery is possible.
For this to happen, it would be necessary to at least surpass the November 17 high at $2.3025 at the close of the daily chart. Only then can we try to reach the October-November resistance line at $2.3406.
XRP Bearish Case:
While
A failure would have bearish implications and could put the April low at $1.6153 in play.
