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According to Cointelegraph, XRP has defended its $2 psychological floor this week, rebounding nearly 6% on Tuesday following a brief liquidity sweep on Monday. Despite remaining in a multimonth downtrend since July, the $2.28–$2.30 resistance band now serves as a pivotal point for potential bullish continuation. A bullish daily close above $2.30 would confirm a break of structure, possibly leading to a move toward $2.58. XRP has shown aggressive movement between liquidity pockets in 2025, increasing the likelihood of a significant rally. Mildly negative funding and weakened open interest indicate bearish conditions, but reclaiming the $2.22–$2.30 range could trigger a squeeze-driven trend reversal.

XRP's bounce to $2.17 occurred after tapping the fair value gap just beneath $2, an area created during the Nov. 21 rebound from $1.80. This retest suggests that buyers remain active at discounted pricing zones even within a broader downtrend. Structurally, XRP continues to print lower highs, but the compression below $2.30 resembles a coil forming under a major decision point. A daily close above $2.30 would mark the first trend shift since July, confirming a bullish break of the structure and clearing a path toward the next liquidity cluster at $2.58. The region between $2.34 and $2.42 is mapped as a sell-side fair value gap, where early profit-taking is likely. However, XRP's historical price behavior in 2025 has been characterized by forceful moves from one extreme liquidity pocket to the next, suggesting that once momentum flips, XRP tends to overshoot intermediate resistance as it hunts liquidity, making $2.58 an extended target.

Funding dynamics and trader sentiment are split, with analyst Pelin Ay highlighting that XRP funding rates remain predominantly negative, indicating short positioning dominates the futures market. With both price and funding declining together, sentiment is reinforcing the downtrend, raising the probability of a retest of the $2.00–$1.90 zone unless structure shifts. If funding drops below –0.01, Ay believes the path toward $1.90 becomes increasingly likely. Still, deepening negative funding often precedes liquidity raids, in which case XRP could briefly consolidate before driving above $2.30. Meanwhile, crypto trader Dom noted signs of an emerging reversal, suggesting trend fatigue. A higher low has finally printed, and reclaiming the monthly relative volume-weighted average price at $2.22 would signal that bullish rotation is underway, paving the way toward the $2.50 region. However, the trader warned that if the setup fails, acceptance under $2 is next, and the end of the year could be challenging.

According to Cointelegraph, Ripple Labs has secured approval from Singapore's central bank to broaden its payment activities in the region. This development is part of Ripple's strategic efforts to enhance its business and institutional offerings through acquisitions. Ripple Markets APAC, the company's Singapore subsidiary, received authorization from the Monetary Authority of Singapore (MAS) to extend the scope of its regulated payment activities under its Major Payment Institution (MPI) license, as announced by the company on Monday.

Monica Long, Ripple's President, expressed appreciation for Singapore's progressive approach, noting that the expanded license bolsters Ripple's capacity to invest in Singapore and develop the necessary infrastructure for financial institutions to facilitate efficient, rapid, and secure money transfers. Ripple Payments utilizes digital payment tokens, including its stablecoin RLUSD and XRP (XRP), for cross-border transactions. The service is designed to function as an on-ramp and off-ramp, supporting collection, holding, swapping, and payouts for banks and companies, according to Ripple.

The company has made several notable acquisitions this year to expand its business and institutional offerings, with a recent acquisition on Nov. 4 involving crypto custody and wallet company Palisade. Ripple was granted its MPI license in 2023, enabling it to offer regulated digital payment token services in Singapore. As of Monday, the MAS website lists digital payment token services under Ripple's license, which encompasses buying or selling digital payment tokens or providing a platform for users to exchange these tokens.

Ripple has been active in Singapore since 2017, and the company regards the region as crucial to its global operations. Fiona Murray, Ripple's vice president and managing director in the Asia Pacific, highlighted the significant growth in the region, with onchain activity increasing approximately 70% year-over-year, positioning Singapore at the center of this expansion. With the expanded scope of payment activities, Ripple aims to better support the institutions driving this growth by offering a comprehensive suite of regulated payment services, delivering faster and more efficient payments to its customers.

The Asia-Pacific region has experienced the highest year-on-year growth, as reported by Chainalysis' 2025 Global Adoption Index published on Sept. 3. The total value received surged 69% to $2.36 trillion, led by countries such as India, Pakistan, and Vietnam, with the Philippines, South Korea, and Thailand also ranking in the top 20.