- XRP consolidates near $2.50 within a symmetrical triangle ahead of Ripple’s 1B token escrow unlock.
- ETF optimism rises as Canary Capital’s updated filing hints at a potential November 13 spot listing.
- Key resistance sits at $2.70; a breakout above could target $3.20, while $2.40 remains critical support.
XRP price today trades near $2.50, holding a fragile base after slipping below the $2.54 level that aligns with its 20-day EMA. The token is consolidating inside a large symmetrical triangle that has shaped its price action since May. Traders are watching the $2.60 to $2.70 zone as the next key area ahead of Ripple’s 1 billion XRP escrow release and the potential launch of a spot XRP ETF later this month.
ETF Speculation Drives Renewed Market Focus
Canary Capital’s updated S-1 filing has reignited optimism across the market. The firm removed the clause that allowed the U.S. SEC to delay registration, opening the door for a possible November 13 launch if the agency stays silent. If Nasdaq proceeds with the Form 8-A submission, it could automatically list the first spot XRP ETF, giving institutional investors regulated access to the asset.
That development has lifted sentiment, even as short-term volatility stays elevated. Historically, XRP’s rallies have followed liquidity inflows tied to major regulatory milestones, and an ETF approval could position it as the first altcoin with U.S.-listed exchange-traded exposure.
Escrow Unlock Puts Liquidity Back In Play
Ripple will release 1 billion XRP, valued at around $2.5 billion, as part of its scheduled November 1 unlock. The process, which began in 2017, maintains predictable supply through a controlled escrow system. Typically, 70 to 80 percent of the unlocked amount is re-locked, while the rest enters circulation for institutional sales or ecosystem support.
Although this system prevents sudden supply shocks, it can create short-term selling pressure. Traders will watch how much of this tranche returns to escrow versus how much enters exchanges. With recent XRP price volatility, market reaction around the $2.40 to $2.50 support range could decide whether buyers regain control.
Flows Indicate Mixed Sentiment
Data from Coinglass show a modest net outflow of about $3 million on November 1, suggesting mild accumulation rather than strong selling. Over the past quarter, flows have mostly been negative, matching the consolidation pattern seen on the daily chart.
If inflows turn positive, it would indicate a return of speculative interest, especially if the ETF confirmation moves closer. For now, most traders appear to be reducing risk and waiting for clarity near the triangle’s lower trendline.
Technical View: Key EMAs Define Structure
The daily chart shows XRP trapped between its 20-day EMA at $2.54 and 200-day EMA near $2.60, forming a narrow compression zone. The 50-day EMA at $2.66 remains a short-term barrier, while the 100-day EMA at $2.71 defines the upper boundary of the setup.
The broader triangle connects higher lows since March and descending peaks from July, converging toward an apex in mid-November. A close above $2.72 could open the path toward $3.00 to $3.20, while a drop below $2.40 might expose $2.05, which aligns with the Parabolic SAR baseline and previous structural support.
RSI remains neutral near 48, signaling balance between buyers and sellers. MACD readings are flat below the zero line, suggesting traders are waiting for a clear breakout before taking strong positions.
Outlook: Will XRP Go Up?
For now, the XRP price prediction remains cautiously bullish. The market is compressing within a triangle, and both technical and fundamental setups favor a possible breakout if resistance near $2.70 breaks cleanly. A confirmed close above that level could trigger a move toward $3.20 and possibly $3.50.
A close below $2.40 would weaken the pattern, signaling a pullback toward the $2.05 area before any rebound attempt.
Until the ETF timeline becomes clearer, XRP price action is likely to remain range-bound. Gradual accumulation and stable flows suggest the token is preparing for a sharp directional move once the regulatory decision window opens.
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