XRP Dips After Reaching $2.27, Preserves Upward Momentum Above $2.15

XRP Retreats Toward $2.15 as Technical Weakness Persists Despite ETF Launches

XRP slipped from a $2.27 intraday high to trade near $2.15–$2.17, confirming a short-term technical breakdown despite multiple institutional XRP ETF launches. Traders are watching the $2.15 pivot closely: holding the level could spark a bounce, while a decisive break may open the door to further losses toward the $1.98 support zone.

ETF Activity and Market Context
November brought several XRP ETF launches, including Franklin Templeton’s EZRP, Canary Capital’s XRPC, and multiple Bitwise products. Combined first-week flows topped $245 million, reflecting strong institutional interest. However, ETF trading volumes have dropped 55% from peak levels, signaling fading retail participation.

Broader crypto markets weakened as Bitcoin volatility rose ahead of its Death Cross, weighing on altcoins. While ETFs offered optimism, fragmented liquidity limited sustained upside for XRP.

Price Action & Technical Analysis

XRP fell 4.96% from $2.27 to $2.16, briefly breaking $2.20 support.
Session volume surged 54.5% above monthly averages, with 236.6M XRP traded.
The token reached an intraday low of $2.11 before rebounding slightly.
Resistance sits at $2.28, while consolidation around $2.155–$2.166 signals temporary seller exhaustion.

A bearish pennant has formed between $2.155 support and descending resistance near $2.18. Momentum indicators remain bearish, with price below key EMAs and no signs of reversal. A clear breakout above $2.18–$2.20 and reclaiming $2.28 is needed for bulls to regain control.

Traders’ Focus

$2.15 is critical: holding may support a bounce to $2.28–$2.30.
A break below risks a swift slide toward $1.98.
XRP’s trajectory will remain tied to Bitcoin’s volatility post-Death Cross, as macro conditions continue to dictate altcoin momentum.