The XRP price is entering a key phase as the market sorts itself out following last week’s sharp plunge. In this regard, XRP changes hands at approximately $2.26, consolidating previous losses that briefly saw it dip below $2.10, with overall sentiment slowly picking up.
This comes at a moment when Ripple is making headlines again. The company just confirmed a massive $500 million strategic investment round led by Fortress Investment Group and Citadel Securities, pushing Ripple’s valuation to $40 billion.
At the same time, the countdown for the first potential XRP ETF continues, with the product automatically going live on November 13 unless the SEC steps in. On top of that, the XRP Ledger just activated native smart contracts, finally bringing full programmability to XRPL – something the community has been waiting for.
With the XRP price calming down after the crash, the big question now is where XRP could actually go next this week.
What you'll learn 👉
What the XRP Chart Is Showing
The XRP chart is still working through the aftermath of last week’s breakdown. Price action remains choppy, but there’s a noticeable effort from buyers to hold the $2.20–$2.30 zone.
The bounce from the $2.00 region shows that the worst of the panic selling may be behind us for now, and the XRP price appears to be forming a short-term base as volatility cools off. The lack of aggressive follow-through on the downside suggests that sellers are losing momentum, even if buyers haven’t fully taken control yet.
There’s also a clear reduction in impulsive candles. The market isn’t panicking anymore. It’s more like everyone is waiting for a clear signal. Whether XRP moves higher or slips back toward $2.10 will mostly depend on how the broader crypto market behaves over the coming sessions.
Market Indicators
Momentum indicators are starting to stabilize after last week’s wipeout. The RSI is sitting right in the middle of its range, indicating the market is neutral and trying to reset before choosing a direction.
MACD has also begun to flatten out after a sharp burst of downside momentum. The histogram is losing its intensity, and the MACD lines are slowly curling upward, but the signal for a proper reversal hasn’t fully clicked yet.
Open interest remains noticeably lower than it was in late October, meaning traders haven’t rushed back in with heavy leverage. That usually signals hesitation, but in XRP’s case, it also means there’s room for a cleaner move if spot buyers return.
The long-versus-short positioning tells the same story. Shorts are slightly more active than longs, which could create a favorable environment for a short squeeze if XRP price reclaims the $2.30–$2.35 area.
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XRP Price Short-Term Outlook for This Week
Ripple’s XRP has two big factors working in its favor: major upcoming catalysts and a chart that’s no longer falling apart. If buyers can push price back above $2.35, there’s a realistic path toward $2.45 and eventually $2.60, which was a key zone before last week’s crash.
Moreover, a breakout above that region would shift momentum back in XRP favor and reopen the conversation around a move toward $2.75 or even higher. But everything depends on whether the ETF countdown and Ripple’s recent announcements generate enough interest to bring traders back.
If things stay quiet, the XRP price may simply move sideways between $2.20 and $2.35 until the next major update hits. But if it breaks below $2.20, the chart could come under pressure again and push the price back toward $2.10 – especially if Bitcoin has another weak stretch.
Furthermore, Santiment’s latest data shows one of the most encouraging signs for XRP in months. Over a 48-hour stretch, the network added 21,595 new XRP wallets – the highest spike in wallet creation since January. The chart makes the surge even more obvious, with network growth shooting sharply upward while the price was still cooling off.
This kind of activity often precedes stronger moves. When new users start coming in during periods of weakness, it usually reflects fresh interest rather than speculative trading. Historically, the XRP price sees its best short-term rallies when wallet growth accelerates before price does.
With ETF speculation heating up, Ripple strengthening its institutional backing, and new smart contract features finally arriving on XRPL, the fundamentals around XRP look far stronger than they did just a few weeks ago. If Bitcoin avoids another sharp breakdown, XRP may be one of the first large caps to bounce back in November.
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