TLDR
- XRP price reached $2.05 on November 23, 2025, showing a 7% daily gain after a period of consolidation
- Grayscale Investments is launching GXRP, a spot exchange-traded fund for XRP, on NYSE Arca on Monday
- XRP futures open interest climbed to $3.55 billion, reflecting an 8.69% increase in derivatives activity
- Technical indicators show the MACD crossing above its signal line with RSI in the mid-50 range
- XRP has a market capitalization of $120 billion and is used on Ripple’s cross-border payment network
XRP climbed to $2.05 on November 23, 2025, posting a 7% gain in a single day. The price movement followed a period of sideways trading and marked a return to the $2 level.
The recovery came as the broader crypto market rebounded from recent losses. Bitcoin moved back above $86,000 while Ethereum crossed $2,800.
Dogecoin recorded a 5% gain during the same period. This market-wide recovery helped boost interest in altcoins including XRP.
Grayscale Investments plans to launch two new spot exchange-traded funds on Monday. The GXRP fund will trade on NYSE Arca and offer direct exposure to XRP.
This marks one of the first regulated ways for U.S. investors to access XRP through traditional financial markets. The GDOG fund will provide similar access to Dogecoin.
The ETF launch represents a new distribution channel for XRP investment. Grayscale aims to bridge the gap between cryptocurrency and traditional trading platforms.
Rising Derivatives Activity
XRP futures open interest reached $3.55 billion. This represented an 8.69% increase in open positions across derivatives markets.
The rising open interest indicates growing activity in XRP futures contracts. Price movements have tracked the increase in derivatives trading.
The MACD indicator crossed above its signal line on the 4-hour chart. The histogram bars showed increasing momentum on the bullish side.
Technical Levels in Focus
The RSI moved into the mid-50 range after recovering from oversold levels. This shift suggests a change in momentum following the recent consolidation.
XRP faces a test at the $2.20 level in the near term. This price point has served as resistance in recent weeks.
A move above $2.20 could open the path toward $2.50. Some analysts suggest the price could reach $3.00, which would represent a 50% increase from current levels.
The price needs to hold above $2.00 to maintain the current formation. Technical indicators currently favor continued upward movement if buying pressure persists.
XRP operates as a token on the Ripple payment network. The network processes cross-border transactions faster and at lower costs than traditional banking systems.
Businesses can use XRP to avoid currency conversion fees when sending money internationally. The token has a market value of $120 billion as of early November.
Ripple’s payment infrastructure can be used with or without XRP. Banks and financial institutions can leverage the network’s speed while still denominating transactions in fiat currency.
XRP futures open interest stood at $3.55 billion with an 8.69% increase as of the latest data.
The post XRP (XRP) Price: Hits $2.05 With Futures Open Interest Rising 8.69% appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-xrp-price-hits-2-05-with-futures-open-interest-rising-8-69/