Ripple’s XRP price is kicking off the week with a lot of eyes on it, and for good reason. Grayscale’s spot XRP ETF goes live on NYSE Arca on 24 November, giving traditional investors an easier way to gain exposure without handling crypto custody.
Analysts are also floating long-term supply shock theories as multiple ETFs continue accumulating XRP.
But despite all the excitement, the XRP price hasn’t been following the hype. The price slipped below $2 last week and remains one of the weaker large-caps this quarter. Still, the latest bounce suggests the story isn’t over yet.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, the XRP price reversed from $1.8209, a support level that has held multiple times. It’s now trading around $2.06, forming higher lows and showing early signs of recovery.
The next resistance is around $2.15, and a tougher one sits between $2.25 and $2.30, which is where the price dropped earlier.
If buyers push through that area, the XRP price could turn clearly bullish again. But if momentum cools off, support sits near $1.95, and then $1.82, the key level that needs to hold.
Market Indicators
The RSI has jumped to around 76 on the 4H chart, which tells us momentum is strong but possibly getting overheated.
MACD just crossed bullish and continues to expand upward, which signals growing buyer strength.
Open interest is climbing again toward $210M, meaning traders are re-entering rather than exiting the market.
Net long and net short positioning remain fairly balanced, showing hesitation rather than strong conviction, understandable given last week’s volatility.
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XRP Price Short-Term Outlook This Week
A lot hinges on how the market reacts once the Grayscale ETF officially starts trading. IIf inflows arrive and Bitcoin stays steady, XRP could make a run toward $2.15 and possibly $2.30 later this week.
Breaking above $2.30 would shift momentum and open the door toward $2.50. However, if ETF demand does not live up to expectations-or broader sentiment deteriorates, the XRP price can easily pull back to $1.95. Losing $1.82 would flip the setup bearish again.
For now, Ripple’s XRP finally has some momentum, but it still needs real follow-through, not just headlines.
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