The
The rise coincided with a broader crypto market rebound, which saw the space rise more than 1% to a market cap of $3.60 trillion.
This comes after US President Donald Trump signed a funding bill passed by the House of Representatives on Wednesday that ended the record 43-day shutdown.
🚨BREAKING: Trump has SIGNED the bill – the longest shutdown in American history is OVER. 🇺🇸
Government back to work. 🇺🇸
Markets react quickly – stability is finally returning. 📈 pic.twitter.com/ZiydZCIHbt— M.Trades.SOL🇺🇸 (@somaliwhale) November 13, 2025
Health care financing was one of the special issues holding up the bill, with Democrats pushing for more aid while Republicans tried to address the issue after the bill passed.
After signing the bill, however, Trump indicated he may be willing to work with Democrats to resolve these issues. In the past, the resumption of US government has led to major rallies in financial markets.
Nasdaq certifies Canary Capital’s Spot XRP ETF
In a related development, Nasdaq has certified the first U.S. XRP exchange-traded fund (ETF), which will launch in the U.S. market on Thursday.
The Canary Capital spot XRP ETF (XRPC) goes live at 5:30 PM ET, after Nasdaq clears the product for launch.
The approval completes the first publicly traded U.S. XRP ETF and marks one of the fastest accelerations through the SEC’s 8-A automatic effectiveness process.
🚨 🚨 LATEST NEWS:
Now that Nasdaq has approved the listing of the Canary Capital Spot XRP ETF (XRPC), the fund offers regulated exposure to the XRP market with custody from Gemini and BitGo. 📃 🪙 💰 🇺🇸
BOOOOOOM! 🔥 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/vwR2RK3fwq
— Kenny Nguyen (@mrnguyen007) November 12, 2025
The ETF will hold XRP through Gemini Trust Company and BitGo Trust Company.
Such a move could spark a rally for the price of XRP as it opens up the crypto to a new set of investors.
XRP Price Poised for a Breakout
After consolidating within the $2.0 range from April to July, the XRP price saw massive pressure from bulls, rising to around the $3.64 resistance level.
That resistance caused the Ripple token price to drop as sellers began to take profits after the parabolic rally.
After reaching the $2.16 support zone, XRP returned to its current level on the daily chart. XRP is now consolidating around $2.45.
Despite the jump, XRP is still trading below both the 50-day Simple Moving Average (SMA) ($2.57) and the 200-day SMA ($2.63), levels that now act as strong resistance zones.
Meanwhile, the Relative Strength Index (RSI) is recovering from below the 50 midline level, currently at 51 and rising, indicating that buying pressure is increasing.
The Moving Average Convergence Divergence (MACD) has also turned positive, with the blue MACD line crossing above the orange signal line as momentum increases.
Ripple Token Price Prediction: Bulls Eye Prices Above $3
XRP is currently trading around $2.49, having gained 5% daily as it tests resistance.
The pattern, mainly bullish, suggests a potential breakout if the Ripple token’s momentum strengthens above $2.58-$2.63, in line with the 50-day and 200-day SMAs.
A successful breakout could see the crypto target reach $2.78 (Fib 0.382) and possibly $3.23 (Fib 0.236), which could signal a medium-term recovery towards the $3.60 zone.
However, failure to hold above $2.45 could see XRP price retest $2.28 or even $1.92, the Fibonacci levels of 0.786 and 1.0, respectively. Ali Martinez supports this bearish outlook and predicted that the price of the Ripple token could find support around $2.
$XRP could find support at $2. pic.twitter.com/ofEGOMV0XD
— Ali (@ali_charts) November 13, 2025
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