XRP News Today: XRP's ETF-Driven Rally Meets Critical Resistance at $2.23 as Bulls Push Higher

XRP, the digital asset developed by Ripple, has surged nearly 25% in the past week, rebounding above the $2 psychological level amid a wave of institutional interest and new exchange-traded fund (ETF) inflows. The rally has reignited bullish speculation, with analysts citing technical indicators and historical parallels to suggest the token could test $3.30–$3.50 in the coming months. However, persistent resistance levels and macroeconomic headwinds remain key risks to the upward trajectory.

The recent price action coincided with the launch of two major XRP ETFs—Franklin Templeton's XRPZ and Grayscale's GXRP—which together recorded $164 million in single-day inflows on November 24 according to reports. These products, joining offerings from Bitwise and Canary Capital, have provided a regulated on-ramp for institutional and retail investors, signaling growing mainstream acceptance of the asset. Franklin Templeton's head of ETF product and capital markets, David Mann, emphasized that the XRPZ ETF offers "a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure".

Technical analysis suggests XRP's recent breakout is supported by on-chain metrics. On-Balance Volume (OBV), a key indicator of buying pressure, rebounded from a major support zone as the token approached $2, according to crypto analyst Milkybull Crypto. This divergence from prior selling patterns indicates "real spot buyers stepping in rather than exiting," he noted. Additionally, XRP's price structure mirrors its 2017 breakout, with the $2 level behaving similarly to a key support zone before its historic rally. GalaxyBTC, another analyst, highlighted that the current accumulation phase aligns with the green channel seen in 2017, suggesting a potential retest of $3.30–$3.50.

The recent surge in XRP's price has caught the attention of both retail and institutional investors. To better understand this trend, here is a to visualize the price movement and relative strength indicator in recent weeks. Despite the optimism, XRP faces hurdles. The token is currently testing the 0.236 Fibonacci retracement level near $2.23, with further resistance at the 50-day and 200-day exponential moving averages, which have historically capped its upside. A failure to break above these levels could trigger a pullback toward $1.82, undermining the bullish setup. Meanwhile, broader market conditions remain fragile, with Bitcoin's decline toward $88,000 and persistent altcoin outflows creating a cautious backdrop.

Ripple's recent $500 million funding round at a $40 billion valuation, led by institutions like Fortress Investment Group and Citadel Securities, has not yet translated into sustained price momentum. While the capital will fuel expansion of Ripple's payment corridors and stablecoin network, traders are prioritizing liquidity and settlement volumes over corporate milestones. "Enterprise adoption moves slowly," one analyst noted, emphasizing that XRP's utility in cross-border transactions could drive long-term demand but not immediate price action according to reports.

Looking ahead, the trajectory of XRP depends on a delicate balance of factors. If institutional flows remain steady and Ripple's payment infrastructure gains traction, a retest of the $3 zone could materialize by mid-2026. However, a rapid cooling of ETF inflows or macroeconomic stress could push the token toward $1.50–$2. Analysts also highlight the importance of regulatory clarity in the U.S., EU, and Asia, with delays or pushback potentially deepening caution in the market.