XRP is back in the spotlight — the token has rebounded from $2.2 and is stabilizing, preparing for a potential breakout above $2.7, a level that could define the next market direction. Growing anticipation around the XRP ETF launch on November 13 is fueling excitement among both retail and institutional investors.
XRP Near a Potential Trend Reversal
The price of XRP continues to move within a descending channel, but the recent bounce from the $2.2 support zone signals that the market may be nearing a reversal. Currently trading around $2.48, XRP has maintained a stable structure, while buyers begin to reaccumulate, strengthening the foundation for a potential move toward the key $2.7 resistance level.
If XRP manages to flip $2.7 into support, it could pave the way toward $3.1, where liquidity clusters from previous distribution phases. Analysts suggest that a confirmed breakout above this zone could mark the start of a renewed bullish trend after months of sideways trading.
The RSI, currently around 44, supports this view with an emerging bullish divergence — hinting at growing upward momentum. If confirmed, the next upside projection points to $3.6, aligning both technical and psychological targets.
On the other hand, failure to break above $2.7 could extend the correction and trigger another retest of $2.2 before any sustained recovery. The next move for XRP will depend on how buyers react to rejection zones, as a decisive close above the channel would confirm a structural shift toward higher highs.
ETF Could Redefine the Market Outlook
The XRP ETF, expected to launch on November 13, could be the key catalyst for the next phase of growth. Canary Capital recently removed the delay clause from its S-1 filing, allowing the ETF to go live immediately after Nasdaq approval.
This move reflects growing confidence in XRP’s institutional potential. Analysts from Bloomberg and Bitwise expect the ETF to attract billions of dollars in new inflows, significantly boosting liquidity.
SEC Commissioner Paul Atkins also emphasized that automatically effective filings represent a new level of regulatory clarity — a factor likely to strengthen overall market sentiment.
What Comes Next
If the ETF launches smoothly and XRP breaks above $2.7, a surge toward $3.6 becomes increasingly probable, with both technical and fundamental drivers aligning.
However, failure to reclaim $2.7 could delay the rally until broader market confidence and liquidity improve.
For now, the outlook remains bullish — the combination of favorable technical structure and the upcoming ETF launch offers the strongest setup for XRP’s growth in 2025.
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