XRP Price Prediction: How High Will XRP Go Following ETF Launch?

#XRP

• XRP is testing crucial technical support at $2.18 with Bollinger Bands indicating potential movement toward $2.50 resistance
• The 21Shares Spot ETF launch on November 29 creates strong fundamental catalyst for price appreciation
• Record low Binance reserves combined with institutional activity suggest accumulation phase before potential breakout

XRP Price Prediction

XRP Technical Analysis: Key Support Test Underway

XRP is currently trading at $2.1982, slightly below its 20-day moving average of $2.2092, indicating potential short-term resistance. The MACD shows minimal divergence with values of 0.1213 (MACD) and 0.1223 (signal), suggesting consolidation momentum. Bollinger Bands position the current price NEAR the middle band, with upper resistance at $2.4993 and lower support at $1.9191.

According to BTCC financial analyst Sophia, 'The technical setup shows XRP is testing crucial support at $2.18. A sustained hold above this level could trigger upward movement toward the $2.50 resistance zone, while a break below may test the $1.92 support level.'

XRP Market Sentiment: ETF Launch Fuels Optimism

Market sentiment for XRP appears bullish as institutional activity intensifies ahead of the 21Shares Spot ETF launch on November 29. Binance reserves hitting record lows combined with ETF-related developments create a positive fundamental backdrop.

BTCC financial analyst Sophia notes, 'The convergence of reduced exchange reserves and ETF anticipation suggests strong institutional accumulation. The $3.35 target mentioned in market discussions aligns with technical resistance levels, though immediate focus remains on maintaining support above $2.18.'

Factors Influencing XRP's Price

XRP Reserves Hit Record Low on Binance as ETF Activity Intensifies

Binance's XRP reserves have plunged to 2.7 billion tokens, marking one of the deepest drawdowns in the exchange's history. Since October 6, approximately 300 million XRP have exited the platform—a movement that suggests growing institutional accumulation rather than routine rebalancing.

The shift coincides with seismic changes in XRP's investment landscape. Four major asset managers—Canary Capital, Franklin Templeton, Bitwise, and Grayscale—have launched spot XRP ETFs since November 13, transforming the token from a retail favorite to an institutional-grade product.

Despite the supply squeeze, XRP has maintained stability around $2.22. Market technicians identify this as a reaccumulation phase, where strategic buyers absorb available liquidity before potential upward movement.

XRP Eyes $3.35 Target as 21Shares Spot ETF Launches November 29

XRP is gaining momentum as institutional interest surges ahead of the launch of 21Shares' spot ETF, TOXR, on November 29. The approval marks a significant milestone for the token, with analysts predicting heightened market activity and a potential price target of $3.35.

Currently trading at $2.20, XRP has seen a 1.07% increase in the last 24 hours, reflecting cautious optimism among investors. BitGuru's technical analysis highlights critical resistance and support levels that could dictate the token's next major move.

The ETF's debut is expected to attract substantial institutional investment, further solidifying XRP's position in the crypto market. Market watchers are closely monitoring these developments for signs of a sustained bullish trend.

XRP Price Prediction: Institutional Activity Tests Key Support at $2.18

XRP's price action reflects a tug-of-war between institutional demand and long-term holder distribution. The cryptocurrency currently hovers near the $2.20-$2.24 range, with its ability to maintain support above $2.18 serving as a critical technical indicator.

Recent ETF filings reveal substantial institutional interest, with XRP-linked products attracting over $160 million in weekly inflows. Grayscale's XRP Trust and Franklin Templeton's ETF debut underscore growing mainstream acceptance, though RippleNet's current adoption primarily utilizes its messaging layer rather than XRP for liquidity.

Technical patterns suggest a bullish continuation setup toward $2.3169, contingent on holding above the $2.1374 invalidation level. Blockchain data shows renewed accumulation in short-to-medium term wallets, even as long-term investors continue profit-taking.

How High Will XRP Price Go?

Based on current technical indicators and market developments, XRP shows potential for significant upward movement. The immediate technical target sits around $2.50, representing the upper Bollinger Band resistance. However, the upcoming ETF launch and institutional activity could propel prices toward the $3.35 level mentioned in market analysis.

BTCC financial analyst Sophia emphasizes that 'The combination of technical positioning and fundamental catalysts creates a favorable environment for XRP. While the $3.35 target appears achievable post-ETF launch, traders should monitor the $2.18 support level closely as any breakdown could delay upward momentum.'