XRP price today is holding just above the critical $2 support zone as market momentum shifts following the highly anticipated launch of the XRP ETF on the New York Stock Exchange.
As traders eye the $2 psychological barrier, volume profile data, long-term chart structures, and fresh ETF inflows are shaping the next decisive move for XRP. Here’s a detailed look at the price action, market sentiment, and what comes next.
XRP Price Chart Today
XRP is trading around $2.118, showing a modest 0.06% decline over the past 24 hours, according to leading market aggregators. Despite the slight dip, daily trading volume remains robust at over $6.17 billion, signaling strong participation from both retail and institutional traders. All eyes remain fixed on whether XRP can continue defending the crucial $2.00 psychological support, a level that historically triggers sharp reactions when breached.
XRP was trading at around 2.11, down 0.06% in the last 24 hours at press time. Source: XRP price via Brave New Coin
The consolidation seen over the past 48 hours reflects cautious sentiment across the broader crypto market. Psychological levels like $2 often act as battleground zones where momentum shifts occur. A clean hold above this mark could enable buyers to regain short-term control, while a breakdown may expose XRP to deeper volatility, especially around high-volume trading areas.
Key Support Areas: $2.00 and the $1.90 POC Zone
Crypto analyst ChartNerdTA emphasized that XRP currently sits above one of the most important structural levels in the past year. Using volume profile analysis, he noted that $1.90 represents the Point of Control (POC) across the last 11 months—the area where the most trading activity has taken place. He explained, “XRP: $2 support awaits below… If we wick any lower, then $1.90 has seen multiple POCs in the last 11 months. Lose that, and we dive-bomb. Hold it, we rocket back to ATHs.”
XRP holds key $2 support, with $1.90 as critical POC—a breach risks a sharp drop, while defense could push toward all-time highs. Source: @ChartNerdTA via X
POC levels often serve as major inflection zones where price either rebounds strongly or accelerates in the direction of the breakdown. XRP recently dipped to $2.03 on November 19, only to recover above $2.12, showing that buyers are still aggressively defending high-volume areas. This suggests that XRP’s structure remains stable even amid neutral market sentiment.
Weekly Chart Turns Bullish as Long-Term Support Flips
Long-term market analyst Steph_iscrypto pointed out that XRP’s higher-timeframe chart shows a significant bullish structure. The key $1.96 level—previously strong resistance during the 2021 cycle—has now flipped into long-term support.
XRP shows a strong bullish structure, signaling potential upside from key support levels. Source: @Steph_iscrypto via X
Calling it “the most bullish $XRP chart I’ve ever seen,” he noted that this resistance-to-support flip is a classic bullish indicator in market structure. The move reinforces confidence in XRP’s macro trend, especially among long-term investors who focus on multi-year formations rather than short-term volatility.
Although reactions to his post were mixed, the technical setup highlights the potential for an upward shift if broader market conditions improve.
XRP ETF Launch on NYSE Adds Major Institutional Visibility
A major catalyst boosting market confidence is the launch of the Bitwise XRP ETF, now trading on the New York Stock Exchange under the ticker XRP. The ETF offers regulated, direct exposure to XRP without the need for individual crypto custody—a major step toward mainstream accessibility.
Bitwise XRP ETF debuts on NYSE, giving investors regulated spot exposure to XRP and highlighting its 13-year resilience, $125B market cap, and potential in global payments. Source: Bitwise via X
Bitwise highlighted several reasons for choosing XRP:
- Over 13 years of network uptime
- A global and active user base
- Market cap exceeding $125 billion
- Strong use cases in cross-border payments and tokenization
- Improved regulatory clarity
While ETF launches often generate short-term volatility, they typically strengthen long-term adoption and liquidity.
XRP Outlook: Can Bulls Hold the Line?
XRP is hovering near key support levels at $2.00 and $1.90, with trading volume remaining steady. Holding these zones is critical for short-term stability and can influence broader market momentum, while a breakdown may trigger sharper volatility due to high-volume clusters.
The ETF launch on the NYSE adds institutional attention, which could support bullish sentiment if XRP maintains these levels. Failure to defend them, however, may increase market swings. Traders are closely watching how XRP reacts, as its next move will shape sentiment and trading activity in the coming days.