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

Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets

- VanEck partners with SOL Strategies to custody its Solana (SOL) ETF, advancing institutional blockchain adoption. - SOL Strategies' ISO 27001/SOC 2-certified validator node secures $4.37B in assets for the ETF's staking operations. - The ETF builds on existing $382M in inflows from competing Solana funds, signaling growing institutional demand for crypto exposure. - The partnership validates SOL Strategies' infrastructure capabilities and highlights rising interest in compliant staking solutions.

Bitget-RWA2025/11/17 14:22
Solana Latest Updates: VanEck's SOL ETF Custody Agreement Indicates Growing Institutional Adoption of Blockchain Assets

Investors Are Now Able to Buy and Sell Digital Shares of a Maldivian Resort Prior to Its Construction

- Trump Organization and Dar Global launch world's first tokenized hotel project in Maldives, using blockchain for real-time asset-backed token trading. - The 80-villa resort allows investors to buy digital shares during development, enabling fractional ownership and liquidity in luxury real estate. - This model democratizes access to high-end investments, building on Dar's 2022 Oman NFT experiment and Trump's crypto-focused corporate strategy. - Analysts predict $4 trillion in tokenized real estate by 203

Bitget-RWA2025/11/17 14:22
Investors Are Now Able to Buy and Sell Digital Shares of a Maldivian Resort Prior to Its Construction

CZ Shifts Focus to Collaboration as Cryptocurrency Faces Regulatory Turning Point

- Binance founder CZ received a Trump pardon after a 2023 $4.3B U.S. settlement, including $2.5B forfeiture and $1.8B fine. - CZ pledged to reinvest any potential refund into the U.S. economy, emphasizing gratitude amid political backlash over "pay-to-play" claims. - Legal experts clarify presidential pardons don't void corporate penalties, as Binance remains barred from U.S. customers under Treasury oversight. - Critics accuse Trump's administration of regulatory favoritism, while CZ's team denies crypto

Bitget-RWA2025/11/17 14:22
CZ Shifts Focus to Collaboration as Cryptocurrency Faces Regulatory Turning Point

Investors Rush to Acquire Mutuum Tokens Ahead of Price Increase

- Mutuum Finance (MUTM) targets Q4 2025 V1 launch, raising $18.8M in presale with 18,000 holders. - Token price surged 250% to $0.035 in Phase 6, nearing 99% allocation amid fixed-price presale competition. - V1 protocol introduces ETH/USDT liquidity pools, mtTokens, and liquidator bot on Sepolia testnet. - CertiK audit (90/100 score) and $50K bug bounty reinforce security, while 24-hour leaderboards boost community engagement. - Automated smart contracts eliminate intermediaries, positioning MUTM as a DeF

Bitget-RWA2025/11/17 14:22
Investors Rush to Acquire Mutuum Tokens Ahead of Price Increase