Highlights: XRP has bounced off the $1.87 support intraday Rally off this support puts $2.54 in focus Excitement around XRP ETFs could send XRP to $2.54 or higher  XRP (XRP) is showing volatility relative to most top 100 cryptocurrencies today. Earlier in the day, XRP rallied to $2.10, but has since lost most of the intraday gains. At the time of writing, XRP was trading at $2.04, up by 0.19% in the day. However, trading volumes are up strongly in the day.  At press time, XRP trading volumes were up by 15.41% to stand at $4.17 billion. This could be an indicator that capital is starting to flow back into XRP in the day, and that more upside could be coming intraday. Several factors support a potential upside move for XRP.  XRP ETFs Approval Paves The Way for Institutional Capital One of them is the news around XRP ETFs. The latest news hitting the market is that several XRP spot ETFs have been approved in the US. This is a significant development, as it could pave the way for institutional capital to invest in XRP. As such, it could trigger a bull rally for XRP just like ETFs did for Bitcoin and Ethereum in the past. Besides paving the way for institutional investment, XRP ETFs indicate that XRP is now fully compliant with regulations. UPDATE: The NYSE has officially certified its approval to list and register the Franklin $XRP ETF. Another major step toward full institutional adoption. pic.twitter.com/eXurSIfYn5 — Markri (@markry99) November 24, 2025 For years, XRP has been shrouded in uncertainty due to the case with the SEC. The case came to an end earlier in the year, and the ETFs now confirm that all is clear for XRP on the regulatory front. The result is that XRP could rally to new highs in the short to medium term. This could be the case, especially if the broader market begins to show signs of an end to the recent correction. Bitcoin Recovery Could Push XRP Higher  So far, the odds are high that the worst could be over for the cryptocurrency market. This is evident in Bitcoin’s price action, which tends to determine direction for the broader cryptocurrency market. After the recent strong correction following the loss of the $100k support, Bitcoin appears to have found strong support at $82k. It has been pushing higher since hitting this price level, an indicator that bulls may be returning to the market. If Bitcoin continues to rise and recovers the $90k price level, confidence in altcoins could also return. For altcoins that already have strong news around them, such as XRP, this could trigger a rally to new highs in the foreseeable future. Bitcoin 2HR – Broke back above 86K, but struggling to hold. 21MA trying to cross the 50MA for a bullish signal, but the RSI is suggesting a move back down to local support (now defined as 81K-82K). pic.twitter.com/xIjrrGhREU — ArcisFX (@ArcisFX) November 24, 2025 End of QT Could Send XRP to New Highs The macro environment also supports XRP’s prospects. Recently, hopes for a December rate cut in the US had fallen sharply to a low of 39%. This triggered weakness across all risk-on assets. However, things changed over the weekend, and hopes for a rate cut in December are now back above 75%. This, coupled with the fact that monetary tightening officially ends in December, suggests a risk-on pivot is likely to occur in December. This could send XRP to new highs for two reasons. The first is the ease of access that is created by the new XRP ETFs. The second is the fact that XRP, like other altcoins, is currently heavily undervalued. As such, it could attract investors looking to buy the dip and profit as the price goes up. $BTC QT ENDS ON DECEMBER 1ST LAST TIME IT TRIGGERED A MASSIVE PUMP GET READY FOR THE NEXT LEG UP pic.twitter.com/nGf5e39qNa — ardizor (@ardizor) November 23, 2025 XRP Technical Analysis – XRP Bounces Off Critical Support XRP is currently edging higher after bouncing off the $1.87 support level. If bulls sustain this momentum, XRP could rally to $2.54 in the short term. On the other hand, if bears regain control, two scenarios could play out. Source: TradingView The first is a possible consolidation around the $1.87 support level. The second scenario is where bears take control and push XRP through the $1.87 support level. In such a case, XRP could drop to $1.50 or lower. Of these scenarios, the odds are higher for a rally to $2.54. That’s because the broader market appears to be in recovery intraday. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: XRP has bounced off the $1.87 support intraday Rally off this support puts $2.54 in focus Excitement around XRP ETFs could send XRP to $2.54 or higher  XRP (XRP) is showing volatility relative to most top 100 cryptocurrencies today. Earlier in the day, XRP rallied to $2.10, but has since lost most of the intraday gains. At the time of writing, XRP was trading at $2.04, up by 0.19% in the day. However, trading volumes are up strongly in the day.  At press time, XRP trading volumes were up by 15.41% to stand at $4.17 billion. This could be an indicator that capital is starting to flow back into XRP in the day, and that more upside could be coming intraday. Several factors support a potential upside move for XRP.  XRP ETFs Approval Paves The Way for Institutional Capital One of them is the news around XRP ETFs. The latest news hitting the market is that several XRP spot ETFs have been approved in the US. This is a significant development, as it could pave the way for institutional capital to invest in XRP. As such, it could trigger a bull rally for XRP just like ETFs did for Bitcoin and Ethereum in the past. Besides paving the way for institutional investment, XRP ETFs indicate that XRP is now fully compliant with regulations. UPDATE: The NYSE has officially certified its approval to list and register the Franklin $XRP ETF. Another major step toward full institutional adoption. pic.twitter.com/eXurSIfYn5 — Markri (@markry99) November 24, 2025 For years, XRP has been shrouded in uncertainty due to the case with the SEC. The case came to an end earlier in the year, and the ETFs now confirm that all is clear for XRP on the regulatory front. The result is that XRP could rally to new highs in the short to medium term. This could be the case, especially if the broader market begins to show signs of an end to the recent correction. Bitcoin Recovery Could Push XRP Higher  So far, the odds are high that the worst could be over for the cryptocurrency market. This is evident in Bitcoin’s price action, which tends to determine direction for the broader cryptocurrency market. After the recent strong correction following the loss of the $100k support, Bitcoin appears to have found strong support at $82k. It has been pushing higher since hitting this price level, an indicator that bulls may be returning to the market. If Bitcoin continues to rise and recovers the $90k price level, confidence in altcoins could also return. For altcoins that already have strong news around them, such as XRP, this could trigger a rally to new highs in the foreseeable future. Bitcoin 2HR – Broke back above 86K, but struggling to hold. 21MA trying to cross the 50MA for a bullish signal, but the RSI is suggesting a move back down to local support (now defined as 81K-82K). pic.twitter.com/xIjrrGhREU — ArcisFX (@ArcisFX) November 24, 2025 End of QT Could Send XRP to New Highs The macro environment also supports XRP’s prospects. Recently, hopes for a December rate cut in the US had fallen sharply to a low of 39%. This triggered weakness across all risk-on assets. However, things changed over the weekend, and hopes for a rate cut in December are now back above 75%. This, coupled with the fact that monetary tightening officially ends in December, suggests a risk-on pivot is likely to occur in December. This could send XRP to new highs for two reasons. The first is the ease of access that is created by the new XRP ETFs. The second is the fact that XRP, like other altcoins, is currently heavily undervalued. As such, it could attract investors looking to buy the dip and profit as the price goes up. $BTC QT ENDS ON DECEMBER 1ST LAST TIME IT TRIGGERED A MASSIVE PUMP GET READY FOR THE NEXT LEG UP pic.twitter.com/nGf5e39qNa — ardizor (@ardizor) November 23, 2025 XRP Technical Analysis – XRP Bounces Off Critical Support XRP is currently edging higher after bouncing off the $1.87 support level. If bulls sustain this momentum, XRP could rally to $2.54 in the short term. On the other hand, if bears regain control, two scenarios could play out. Source: TradingView The first is a possible consolidation around the $1.87 support level. The second scenario is where bears take control and push XRP through the $1.87 support level. In such a case, XRP could drop to $1.50 or lower. Of these scenarios, the odds are higher for a rally to $2.54. That’s because the broader market appears to be in recovery intraday. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.