The
This comes even as two major XRP ETFs prepare to launch this week.
Franklin Templeton will debut its XRP ETF tomorrow, while Bitwise will launch its fund on November 20, raising hopes that new institutional inflows into the funds could help strengthen the beleaguered crypto.
Canary Capital’s XRP ETF (XRPC), which debuted Thursday, was the biggest ETF launch of the year, trading $58 million on its first day.
XRP Price: On-chain activity increases
While XRP’s price performance has disappointed traders over the past week, signals on-chain point to rising network activity. The number active addresses on the XRP Ledger rose 40% this week, reaching around 32,000. A strong sign of growing interest, even if the price drops
XRP active addresses Source: CryptoQuant.
There was also a 200% spike in network volumes, with nearly 2.56 billion XRP moving across wallets and exchanges in just 24 hours.
Major investors have been very active, making 716 massive transfers and moving around 200 million XRP in two days. This level of activity typically precedes a sharp price move, although the direction is still unclear.
Traders will keep an eye on the $2.20–$2.00 support zone and the $2.35–$2.60 resistance zone as both coincide with major moving averages and previous swing highs.
When buyers become so active, but the price doesn’t immediately rise, it often means they’re preparing for a bigger shift. These signs: more active addresses, rising volume, and whale movements indicate that sentiment is not as negative as the price drop seems.
XRP Price XRP Technical Analysis: Range Bound, But Support is Critical
The weekly XRPUSDT chart shows continued volatility, but also clear zones where the price is likely to find support. Currently, XRP is trade close by $2.28, recovering from a brief dip to around $2.07 earlier this week. Strong buying quickly reversed the decline, showing buyers defending key support levels
XRPUSDT analysis source: Tradingview
There are several critical technical levels in play: Immediate support is found between $2.20 and $2.00. Over the past few sessions, every time XRP approached $2.07, new buyers stepped in and the price bounced.
The main resistance is in the $2.35–$2.60 range. If the price can rise above $2.58, a move to $2.76 becomes likely, and then possibly $2.89 or even higher.
The Relative Strength Index (RSI) shows rapid fluctuations. Recently, the RSI was as low as 31.76, an area known as selling saturation, which suggests that a sustained dip could quickly turn upside as traders buy into oversold conditions.
The MACD indicator indicates consolidation. As the blue MACD line remains close to the red signal line, this could mean a sideways phase or a mild rebound before a major breakout.
On the long-term chart, XRP remains above most major moving averages, and previous ETF launches for other coins (such as Bitcoin) saw price declines, eventually followed by rallies. This supports experts’ predictions that recent ETF launches, even if initially accompanied by sales, could help drive a turnaround once new investors join.
If volatility persists and XRP falls below $2.00, downside risk could emerge. But as long as the price remains above the support zone, XRP may recover and push back towards the $2.58-$2.76 resistance area.
Related articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy-to-use, feature-driven crypto wallet
- Get early access to upcoming token ICOs
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $BEST
- 250,000+ monthly active users
#XRP #Price #Drops #XRP #ETFs #Reverse