XRP News Today: XRP at Crossroads: Bulls Target $10 as Bears Warn of $1.35 Collapse

XRP's price action has ignited a tug-of-war between bulls and bears as the token oscillates between a potential $10 rally and a $1.35 buy-level scenario. The cryptocurrency, currently trading near $2.65, has extended its recovery from a low of $2.32 on Oct. 22, testing key resistance at $2.77 and support at $2.18. Analysts and institutional developments are fueling diverging narratives, with some predicting a breakout to $3 and others warning of a final bearish wave.

Technical indicators suggest a mixed outlook. XRP has bounced 88% from its Oct. 10 deleveraging event low to $2.62, its highest since Oct. 10, and is attempting to surpass the 200-day moving average, a critical bullish confirmation level, according to a a Crypto.news report. A small inverse head-and-shoulders pattern has also emerged, hinting at a potential push toward the psychological $3 barrier, the report adds. However, the token remains in a ranging phase below $2.82, a level that, if breached, could trigger a major bullish impulse to $6.50 or $10, according to a Coinpedia analysis. Conversely, CasiTrades warned of a final downtrend to $1.35–$1.46 before a reversal, citing unresolved selling pressure and hesitation to break key resistance.

Institutional developments are adding fuel to the debate. The first U.S. spot XRP ETF, now surpassing $100 million in assets under management, has attracted attention as a catalyst for institutional demand, according to a CoinDesk report. Evernorth, a treasury firm planning a Nasdaq listing, has committed to holding XRP as a core reserve asset, the report notes. Ripple's recent acquisition of Hidden Road, a prime brokerage, further positions the firm to facilitate XRP-based settlements for major financial institutions like BlackRock, Coinpedia reports. Meanwhile, pending U.S. spot XRP ETF approvals from Grayscale, Bitwise, and 21Shares could trigger a supply shock, analysts note, with approvals expected between late November and mid-December 2025, Coinpedia adds.

The market's mood remains uncertain. Ripple CTO Stefan Thomas initially targeted $4.13 for XRP but now sees potential for even higher gains after a recent pullback, according to a Coinpedia report. However, bearish sentiment persists, with Ethereum's price movements—driven by geopolitical trade talks and leveraged short positions—highlighting broader market volatility, a point the Coinpedia piece also notes. Retail demand is rebounding, evidenced by a surge in XRP futures open interest to $4.51 billion, though cautious metrics like the OI-weighted funding rate suggest lingering bearish positioning, according to an FXStreet analysis.

Conflicting signals abound. Jake Claver, a crypto investor, boldly predicts XRP could hit $100 by year-end 2025, citing a "multiplier effect" from ETF approvals and institutional adoption. This contrasts sharply with CasiTrades' bearish outlook, which argues that XRP must complete a final leg down to $1.4 before resuming its uptrend. Santiment's crowd psychology analysis reinforces this duality, noting that prices under $2 are a buy signal while those above $3 signal selling pressure, according to a TradingView post.

As XRP hovers near $2.65, the path forward hinges on breaking key technical levels and macroeconomic catalysts. With institutional interest growing and ETF approvals on the horizon, the token's fate may soon crystallize—though for now, the market remains split between optimism and caution.