XRP has climbed back above the $2 threshold after a volatile week, drawing renewed market interest as traders assess whether improving technical conditions can support a move toward the $3 region.
The rebound follows a sharp correction below $1.80, and current price action now reflects a blend of cautious optimism and structural uncertainty—conditions that typically precede major directional moves in the XRP market.
XRP Price Today: Key Levels to Watch
As of November 23, 2025, XRP is trading around $2.04, up 6.4% in the last 24 hours, though it remains down 10.2% week-over-week and 16.5% on the month. The token is still trading more than 45% below its July 2025 all-time high, underscoring the scale of the prior correction.
Analysts from the crypto market data group CRYPTOWZRD, which tracks high-timeframe liquidity flows, note a significant sell wall between $2.00 and $2.10.They explain that a daily close above $2.10 would mark a meaningful shift in short-term sentiment, as this zone has acted as a liquidity barrier during recent attempts to reclaim higher levels.
Approximately 1.80 billion XRP were accumulated near $1.75, establishing it as a significant support level. Source: Ali Martinez via X
On-chain distribution data referenced by market analyst Ali Martinez, who frequently analyzes tokenholder clusters, suggests that roughly 1.8 billion XRP were accumulated around the $1.75 zone. This makes the level a structurally important support if the price weakens.
Should buying pressure persist, the next major resistance sits near $2.60, a region historically associated with high-volume trading activity.
Technical Indicators: Early Signals of a Potential Upside Move
Several short-term indicators point to improving momentum.Technical analyst QuantumFox (@QantaFox)—known for tracking breakout structures across major altcoins—notes that XRP’s 1-hour chart has recently broken above a descending triangle formation.
Instead of framing this as an imminent “explosive” move, a more evidence-based interpretation is
The post highlights a potential XRP breakout above $2.05 as the price rebounds to $2.04, while replies debate regulatory needs and mock an earlier missed $5 forecast. Source: QuantumFox via X
If the breakout is confirmed by sustained volume and a closing price above $2.10, the current structure could support a continuation toward the mid-$2 range and potentially higher targets.
This aligns with a broader pattern seen in XRP’s prior compression phases—for example, the late-2023 consolidation period, when XRP required multiple days of elevated volume before clearing a major resistance pivot.
How Market Catalysts Influence XRP’s Price Dynamics
Recent market developments are contributing to improved sentiment, though their impact varies:
Ripple’s $500M Investment Announcement
Ripple’s commitment of $500 million to expand infrastructure and partnerships may increase long-term confidence.While such investments don’t directly affect price, they often influence trader psychology by signaling strong ecosystem support and reinforcing expectations for future network growth.
Reduced XRP Availability on Binance
Binance’s XRP balance has reportedly declined to 2.785 billion tokens, according to exchange reserve trackers.
Lower supply on major exchanges can tighten liquidity—especially during periods of rising demand—and historically this has improved the probability of sustained rallies.However, the effect depends on whether broader market conditions continue to favor risk assets.
Historical Patterns: What They Suggest—and Their Limitations
XRP has a history of extended consolidation followed by sharp trend expansions. Last year’s 400% rally occurred after a multi-week base and coincided with favorable liquidity conditions.
Analysts cite Fibonacci extensions to outline potential targets:
These levels are technically relevant because they often align with profit-taking zones and trend exhaustion points during strong momentum phases.
Last year’s 400% post-consolidation rally suggests that, if similar conditions align, XRP could again approach the $3.40 Fibonacci 1.272 level and potentially the $4.30 1.618 extension. Source: Randal255 on TradingView
However, current market conditions differ from prior cycles—regulatory scrutiny remains elevated, liquidity is fragmented, and macro volatility is higher. Therefore, historical performance should be viewed as context, not a guarantee.
Short-Term Risks: What Could Invalidate the Bullish Setup
Despite positive momentum, multiple risk factors could interrupt upside progress:
1. Resistance Clusters: A dense block of limit orders between $2.00 and $2.10 could stall the rally if buying pressure weakens.
2. Low-Volume Nodes: Regions quickly passed during prior rallies may attract retests, causing short-term pullbacks.
3. CVD (Cumulative Volume Delta) Divergence: If CVD shows buyers losing strength while price rises, it may signal absorption—a common precursor to a retracement.
XRP is rallying, but clustered limit orders may trigger a pullback into low-volume areas; I’m watching CVD and price action for a potential short. Source: DrStrangeTrades on TradingView
What would invalidate the bullish case?
A daily close below $1.90, indicating failed breakout confirmation
Volume is declining during upward movement
Rejection at $2.10 accompanied by a strong sell-side delta
Such signals would point toward consolidation or renewed downside pressure before any attempt to reclaim higher levels.
Final Thoughts
XRP’s return above the $2 mark reflects a stabilizing market structure after weeks of volatility. With a major resistance band between $2.00 and $2.10, upcoming price action will determine whether the token can build enough momentum to attempt a push toward the mid-$2 region and, eventually, the $3 tier.
XRP was trading at around 2.06, up 0.73% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Technical indicators, historical context, and improving market catalysts offer a cautiously bullish backdrop—but risks remain.
For traders, monitoring volume trends, CVD, and daily closes around key resistance levels provides the clearest guidance on whether the current recovery can evolve into a sustained breakout.