XRP rallies above $2.25 today, driven by the SEC approval of the 21Shares XRP Spot ETF and technical patterns signaling potential bullish momentum for the popular cryptocurrency.
The ETF approval has increased institutional interest in XRP, providing regulated access for professional investors. Coupled with XRP’s year-long Wyckoff reaccumulation pattern, analysts are monitoring for potential breakout opportunities in the near term.
XRP Gains Momentum After ETF Approval
The U.S. Securities and Exchange Commission (SEC) officially approved the 21Shares XRP Spot ETF (TOXR), which is scheduled to begin trading on the Cboe BZX Exchange on Monday, December 1, 2025. The fund carries a 0.50% management fee and joins other XRP-focused ETFs, including Bitwise, Franklin Templeton, Grayscale, and Canary Capital.
21Shares XRP Spot ETF (TOXR) approved, launching Monday on Cboe BZX with a 0.50% fee, marking another major entry into the XRP ETF market. Source: @Xaif_Crypto via X
The approval follows the SEC Form 8-A filing dated November 19, 2025, confirming the ETF’s effectiveness. According to a report by CoinDesk, analysts estimate that the ETF could attract more than $1 billion in inflows in its first month, increasing institutional participation in XRP trading.
“This ETF approval strengthens XRP’s market profile and marks a key step toward broader adoption of cryptocurrency in regulated financial products,” said John Wu, Senior Analyst at CoinDesk, providing an authoritative perspective.
Wyckoff Reaccumulation Pattern Signals Potential Upside
Technical analysts note that XRP has been consolidating for over a year, forming a Wyckoff reaccumulation pattern. This pattern is a phase in technical analysis where a strong asset consolidates before a potential upward move. XRP recently tested the $2 support level, commonly referred to as the “spring,” which historically precedes price increases if accompanied by sufficient trading volume.
XRP undergoes a year-long reaccumulation, testing investor patience as many holders capitulate under pressure. Source: @ChartingGuy via X
XRP has gained approximately 14% over the past week, stabilizing above $2. Historical instances of similar Wyckoff patterns have led to multi-fold gains, such as XRP reaching $3.84 in 2018 after a comparable setup.
Technical Indicators Point to Bullish Breakout
Recent chart analysis shows that XRP broke out of a Descending Wedge Channel, a formation often associated with bullish reversals. Short-term price targets include $2.27, $2.50, and $3.00, contingent on broader market trends, particularly Bitcoin’s performance.
XRP breaks out of a Descending Wedge, signaling bullish momentum with potential targets at $2.27, $2.50, and $3.00, though BTC weakness remains a key factor. Source: KlejdiCuni on TradingView
“While Bitcoin remains subdued, XRP’s chart suggests the start of a bullish wave if it maintains key support levels,” said Klejdi Cuni, TradingView Analyst. It is important to note that all price targets and projections are speculative and for informational purposes only, not financial advice.
Final Thoughts
XRP’s surge above $2.26 underscores rising institutional interest and growing adoption in the cryptocurrency market. The 21Shares XRP Spot ETF approval, combined with favorable technical patterns, points to potential upward momentum.
XRP was trading at around $2.62, up 3.03% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Investors are monitoring XRP price today, XRP market cap, and XRP ledger activity for indications of the next breakout. With a 24-hour trading volume exceeding $3.55 billion, XRP continues to capture attention among traders and investors, reaffirming its status as a leading digital asset.
As XRP navigates key support and resistance levels, both short-term trading opportunities and long-term price projections—including XRP price prediction 2025—remain under close observation. Readers are reminded that cryptocurrency markets are volatile, and all forecasts carry inherent risks.