Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP News Today: XRP Faces $2.30 Test as ETF Inflows Compete with Negative Technical Signals

XRP News Today: XRP Faces $2.30 Test as ETF Inflows Compete with Negative Technical Signals

Bitget-RWA2025/11/17 05:16
By:Bitget-RWA

- XRP faces bearish pressure as technical indicators signal a potential slide below $2.15, with key support levels at $2.29–$2.30 under critical scrutiny. - The launch of the first XRP spot ETF generated $138M inflows but triggered $68M in profit-taking, complicating market dynamics amid macroeconomic uncertainty. - Institutional interest in blockchain infrastructure contrasts with fragile short-term price action, as XRP trades below key moving averages with declining RSI. - Volume surged 34% to $6.14B but

XRP is encountering increased downward pressure as technical signals suggest a possible dip below $2.15, putting crucial support levels to the test amid conflicting market cues. The token's value has pulled back to a pivotal point, prompting traders and analysts to watch closely to see if it can remain above key levels and avoid further losses. Recent figures indicate

is trading around $2.30, a price point that could shape its upcoming direction.

XRP’s technical outlook has weakened, with a fall beneath important support areas sparking a bearish

. After failing to hold above $2.31, the price consolidated between $2.29 and $2.32, while , highlighted by a 254% hourly surge during the session. Fibonacci retracement levels and EMA crossovers continue to support a negative outlook, as the 50D/200D EMA remains in a downward trajectory . Experts warn that a drop below the $2.29–$2.30 support range could open the door for a swift move toward the $2.00–$2.20 demand area .

XRP News Today: XRP Faces $2.30 Test as ETF Inflows Compete with Negative Technical Signals image 0
The introduction of the first XRP spot ETF in the U.S. has added new layers to the story. Although the ETF attracted $138 million in inflows on its first day, it also led to profit-taking, with recorded. This reflects broader market behavior, where short-term price swings are intensified by economic uncertainty and subdued derivatives trading . At the same time, institutional enthusiasm for blockchain infrastructure—such as CreditBlockchain’s cloud-based solutions—signals ongoing long-term confidence . Still, near-term price action remains vulnerable, with XRP trading below major moving averages and a falling RSI highlighting continued bearish sentiment.

Metrics for volume and momentum offer a mixed outlook.

, showing aggressive repositioning, but recovery attempts have lacked strong follow-through. The RSI sits close to neutral at 49.98, while the MACD and momentum readings point to waning bullish momentum . Blockchain data shows $28 million in liquidations over the past day, with long positions making up the majority, suggesting a change in market mood . Market participants are now focused on the $2.30 area—a vital support level where large holders have historically accumulated . Bulls would need to push the price above $2.36 to regain technical momentum .

Looking forward, XRP’s future will depend on the strength of ETF inflows and Bitcoin’s ability to remain near $105,000. A decisive move above $2.48 could reverse the bearish pattern and set sights on $2.60 or higher, but

a fall below $2.30 could trigger a sharper drop toward $2.10. Long-term Fibonacci targets, such as the 1.618 extension at $5.44, remain possible if the market stabilizes . For now, XRP continues to adjust following the ETF launch, with traders navigating an uncertain crypto environment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Meme Coin Frenzy Sparked by Whale’s $19 Million Wager and Trump’s Support for Crypto

- A crypto whale injected $19.86 million into 22 meme coins in one hour, reflecting heightened speculative activity amid Trump-era crypto-friendly policies. - Trump-linked Bitcoin miner Hut 8 Corp reported 460% revenue growth, leveraging low-cost operations and 4,004 bitcoins ($400M value) to capitalize on market trends. - Canary Capital's MOG ETF filing triggered a 17% market cap surge for the meme token, highlighting institutional interest in community-driven crypto assets. - Analysts warn of regulatory

Bitget-RWA2025/11/17 07:34
Meme Coin Frenzy Sparked by Whale’s $19 Million Wager and Trump’s Support for Crypto

India’s Blockchain Strategy: National Tokenisation to Upgrade Financial Infrastructure

- India's economic advisor meets Polygon and Anq Finance to discuss tokenisation frameworks and sovereign digital assets for financial modernisation. - Proposed Asset Reserve Certificate (ARC) model uses government securities as collateral, aiming to create secure, sovereign-backed digital settlement units. - Discussions highlight tokenisation benefits like faster settlements and reduced risks, while stressing regulatory alignment with existing financial infrastructure. - Collaboration positions Polygon as

Bitget-RWA2025/11/17 07:34
India’s Blockchain Strategy: National Tokenisation to Upgrade Financial Infrastructure

Fosun's Visionary Move: Digital Assets Propel Insurance Toward a Technology-Enabled Tomorrow

- Fosun Finance's Minsheng Life Insurance launched a virtual asset-linked insurance product, expanding into alternative assets via regulatory-approved "Finance + Technology" integration. - The product secures upfront regulatory approval to mitigate risks, contrasting with India's strict virtual compliance requirements and positioning Fosun to lead digital finance innovation. - Competitors like Hillhouse Capital and Axis Max Life Insurance pursue traditional equity strategies, while Fosun's blockchain-drive

Bitget-RWA2025/11/17 07:14
Fosun's Visionary Move: Digital Assets Propel Insurance Toward a Technology-Enabled Tomorrow

Legal Team Portrays Pardon as Protective Measure Amid 'Crypto Crackdown'

- Binance founder CZ's legal team denied "pay-to-play" claims, asserting his 2025 pardon followed standard procedures and regulatory review. - Attorney Teresa Guillén rejected ties to Trump's crypto ventures, calling allegations "false" and emphasizing Zhao's case was regulatory, not criminal. - Critics like Sen. Warren accused Trump of corruption over World Liberty Financial ties, while the White House defended the pardon as routine presidential authority. - Legal scholars called the pardon "unprecedented

Bitget-RWA2025/11/17 07:14
Legal Team Portrays Pardon as Protective Measure Amid 'Crypto Crackdown'