XRP (XRP) Price: Recovers From $2.00 Support After ETF Launches

TLDR

• XRP bounced from $2.00 support level and is climbing toward $2.60 resistance
• Two new XRP ETFs launched on NYSE Arca on November 24 from Franklin Templeton and Grayscale
• XRP price jumped 5% to reach $2.25 following ETF launches
• Crypto analyst called the price trend “very bullish” based on on-balance volume indicators
• XRP is up over 50% in the past year despite being 15% lower than a month ago

XRP has recovered from the $2.00 support zone and is moving toward the $2.60 resistance level. The cryptocurrency bounced back after touching the lower boundary of its multi-month price channel.

The token now trades around $2.19 after hitting a low near $2.02. This bounce marks a reversal from several weeks of declining prices. The 3-day chart shows clear upward momentum as buying interest returns to the market.

The recovery follows a familiar pattern that XRP has shown throughout 2025. The lower channel boundary sits between $1.95 and $2.00, where price recently found support. This same zone has acted as a reliable floor multiple times this year.

The midpoint of the channel sits around $2.60. This level has served as both support and resistance during previous price moves. It now stands as the next major technical target for the current rally.

ETF Launches Fuel Price Jump

Two new XRP exchange-traded funds went live on NYSE Arca on November 24. Franklin Templeton launched XRPZ while Grayscale introduced GXRP. These products give investors regulated access to XRP through traditional brokerage accounts.

XRP jumped as much as 5% to $2.25 following the ETF launches. The price surge came as the broader crypto market recovered to a $3 trillion total market cap on November 25.

David Mann from Franklin Templeton said XRPZ offers investors a convenient way to access XRP through the transparency of an ETF. Krista Lynch from Grayscale said GXRP is designed to provide efficient tracking and straightforward exposure.

Canary Capital’s XRP ETF already launched earlier in November. Other asset managers including Bitwise have filed to launch their own XRP products.

Technical Indicators Point Higher

Crypto analyst Mikybull Crypto called the current price trend “very bullish.” The analyst pointed to rising on-balance volume as evidence that buyers are accumulating XRP.

The on-balance volume indicator measures buying and selling pressure. Rising OBV suggests that volume is higher on up days than down days. This pattern typically indicates accumulation by investors.

XRP still trades below its late-summer range of $3.00 to $3.40. However, the bounce from channel support suggests momentum may be shifting. Continued buying pressure could push the price toward the $2.60 midpoint.

The token is currently 15% lower than one month ago. However, XRP has gained over 50% in the past year. At the time of writing, XRP was trading at $2.20, up 0.4% in 24 hours.

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