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The price of the Ripple token has fallen as the fifth XRP ETF (exchange-traded fund) moved closer to launch, with the Cboe approving 21Shares’ new product to trade under the ticker TOXR.
The approval, announced in a SEC filingstill carries a “deferral amendment,” suggesting the fund is awaiting final approval from the SEC.
BREAKING: 🇺🇸 @21shares $XRP ETF approved by the CBOE under ticker TOXR! 🙌 pic.twitter.com/vT9PdPCPD1
— Good evening Crypto (@AbsGMCrypto) December 10, 2025
The 21Shares TOXR fund will charge an annual sponsorship fee of 0.3%. Ripple has provided the fund with 100 million XRP, valued at approximately $226 million, with creation and redemption possible via in-kind XRP transfers or cash payments.
US spot XRP ETFs collectively accumulated nearly $954 million in inflows in less than a month, making Despite the turbulent market conditions, the funds have not yet reported any net outflows.
👀<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1 billion in AUM in the US (since ETH).With over 40 crypto ETFs launched in the US alone this year, a few points are clear to me:1/ There is pent-up demand for regulated crypto products, and with Vanguard opening up…— Brad Garlinghouse (@bgarlinghouse) December 8, 2025
Meanwhile, XRP’s network activity shows a strong correlation with price movements. The number of active addresses (green bars) tends to peak during major rallies and decline during consolidation phases. Historically, large increases in the number of addresses occurred in early 2018, mid-2020, and late 2024, all coinciding with notable price increases.
Periods of low activity were often accompanied by price stagnation or declines, demonstrating reduced user engagement. Recently, active addresses have remained higher than normal, indicating continued interest in the network. Analysts suggest that if this level of activity continues, it could support the price and signal healthy adoption.
XRP Bearish Trend Continues, Short-Term Lighting Rally Possible
XRP has been in a steady downward trend since mid-November 2025 and remains so currently trading around $2.01. The price recently tested the 200-period SMA near $1.80, which acts as strong long-term support.
The 50-period SMA is above the price at $2.72, confirming the medium-term bearish trend. Any upside recovery could encounter resistance at the 50-period SMA and the upper Bollinger Band near $2.49.
XRP is trading near the lower Bollinger Band at $1.88, indicating it is oversold. Historically, prices often move back towards the mid-band, indicating a possible short-term upside towards $2.19, close to the 14-period SMA. However, the wide Bollinger Bands indicate increased volatility, meaning any recovery could be limited if selling pressure persists.
The RSI is at 36.78, slightly below neutral, indicating oversold conditions but leaving room for further declines. A break below $1.89 could push XRP towards the next major support at $1.73, the 0.618 Fibonacci retracement of the recent rally from $1.73 to $2.93. On the upside, a successful bounce above $2.20 could attract buyers towards the 0.382 and 0.5 Fibonacci levels of $2.37 and $2.48.
XRPUSDT Chart Analysis Source: Tradingview
Volume remains steady around $280 million and shows no signs of panic selling or strong accumulation. Traders should remain cautious as XRP is trading in a bearish consolidation zone where false breakouts are possible.
Swing traders may look for confirmation of the reversal via a break above $2.37 or a sustained hold above the 200-period SMA, while failure to defend $1.89 could accelerate the decline towards $1.73 and possibly the psychological support towards $1.60.
XRP remains bearish in the medium term, but the oversold conditions in the short term indicate a possible rebound. Key levels to watch include resistance between $2.20 and $2.48 and support between $1.89 and $1.73. Traders should watch volume and the RSI for signs of exhaustion or continuation of the trend before entering new positions.
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