XRP bulls are standing firm near a critical support level as anticipation mounts for the first U.S. spot XRP ETF—a milestone that could redefine Ripple’s market trajectory.
After a volatile week of profit-taking and speculation, the XRP price has stabilized above the $2.30 mark, a zone traders view as the “last line of defense” before a potential breakout. With the highly anticipated Canary XRP ETF nearing launch and technical signals flashing bullish, investors are watching closely to see whether the next move propels XRP toward the long-awaited $5 target.
ETF Countdown Fuels Market Excitement
The XRP price is holding above critical support levels as anticipation builds for the launch of the first U.S. spot XRP ETF, potentially scheduled for this week. As of November 13, 2025, XRP trades near $2.40, rebounding after a volatile start to the week when traders took profits following a 300% year-to-date rally.
The first U.S. XRP spot ETF by Canary Funds is set to launch Thursday at market open. Source: NADZZZZ⋆☾IN CRYPTO via X
Market sentiment remains optimistic amid reports that Canary Funds could debut the Canary XRP ETF (XRPC) on Thursday, pending final Nasdaq certification.
Bloomberg Intelligence senior ETF analyst Eric Balchunas commented that all regulatory “boxes are checked,” suggesting the launch is imminent. Similarly, Eleanor Terrett, host of CryptoAmerica, noted that the Form 8-A filing represents the “final step” before the ETF goes live.
Institutional Demand Driving Ripple XRP Momentum
Institutional investors are positioning for what analysts describe as a potential influx of up to $10 billion in capital following ETF approval. Canary Capital CEO Steven McClurg told The Paul Barron Network stated that such inflows could place XRP among the top 20 ETFs of all time, calling the demand for Ripple-linked products “stronger than anticipated.”
While XRP news today highlights enthusiasm surrounding the ETF, the token’s bullish outlook also benefits from Ripple’s regulatory victories in the SEC lawsuit, which many see as a turning point for broader adoption. Ripple’s efforts to obtain a U.S.-chartered bank license and potential partnerships with global payment systems such as SWIFT may further bolster confidence in the long-term XRP price forecast.
Cup-and-Handle Pattern Signals $5 Breakout Potential
Technical traders are closely watching the charts. Prominent analyst Levi Rietveld, known online as Crypto Crusaders, shared that XRP’s price structure has developed a “classic cup-and-handle setup,” suggesting a measured move toward $5 by year-end once the $2.40 neckline breaks decisively.
BREAKING: XRP forms a classic cup-and-handle pattern on the chart, signaling a potential move toward $5 by year-end. Source: Levi | Crypto Crusaders via X
This pattern, often seen before large bullish continuations, has been echoed by several chart analysts, including ChartNerdTA and TheCryptoSquire, who emphasize the need for volume confirmation before declaring a confirmed breakout. Historically, such formations succeed roughly 70–80% of the time, according to technical analysis studies.
XRP Technical Analysis: Key Levels to Watch
The current XRP price sits below both the 50-day and 200-day Exponential Moving Averages (EMAs), signaling ongoing caution among traders. Still, bulls are defending the $2.30–$2.17 zone, a key support region that has repeatedly halted deeper declines.
XRP is at a critical $2.32–$2.17 support zone, with bearish pressure easing and a potential breakout forming within its descending channel. Source: CryptoNuclear on TradingView
Key resistance levels include $2.50, $2.62, and $2.80, with a breakout above these potentially opening the door toward $3.00 and, eventually, the $5.00 target highlighted by traders. On the downside, sustained weakness below $2.20 could expose psychological support near $2.00, making the next 48 hours critical for XRP’s short-term outlook.
ETF Approval Could Redefine XRP’s Market Role
If the Canary XRP ETF successfully launches this week, it will mark the first pure U.S. spot XRP fund, outpacing competitors like Bitwise, Franklin Templeton, and 21Shares, all of which await SEC clearance. Such a debut could solidify XRP’s place among institutional portfolios, elevating it beyond speculative trading into the realm of regulated investment products.
The XRP ETF approval may also pave the way for future products, including a possible BlackRock iShares XRP Trust, which analysts believe could accelerate mainstream adoption. Some market observers predict that once these ETFs go live, XRP could decouple from Bitcoin’s price influence, creating a more independent growth trajectory.
Outlook: Bulls Eye Recovery Above $2.50
Despite Tuesday’s retracement, market analysts remain confident that the upcoming ETF catalysts could restore bullish momentum. A confirmed break above $2.50 may invite renewed institutional buying and set the stage for a cup-and-handle breakout toward $3 and beyond.
XRP was trading around 2.40, down 3.11% in the last 24 hours at press time. Source: XRP price via Brave New Coin
However, traders are also monitoring the U.S. government funding bill, as any delay in reopening federal agencies could push back SEC actions, potentially impacting the XRP spot ETF timeline. In the near term, both legislative and regulatory developments will determine whether Ripple XRP can sustain its upward trajectory.
Final Thoughts
The XRP price prediction remains cautiously bullish. As XRP bulls defend key support at $2.30 and investors await confirmation of the Canary XRP ETF launch, the stage is set for potentially one of the most significant moments in Ripple’s history.
Whether XRP breaks above resistance or faces another correction will depend largely on ETF approvals and broader market sentiment—but optimism across the crypto community suggests the next move could be decisive.