XRP price skyrocketed to $2.05 on November 23, 2025, marking a 7% increase within just 24 hours after a prolonged period of lackluster trading. The sharp recovery finally lifted the token above the $2 threshold, showcasing a renewed bullish sentiment.
This rally corresponds with a broader uptick in the cryptocurrency market, as Bitcoin surged back above $86,000 and Ethereum crossed the $2,800 mark, while even Dogecoin saw a respectable 5% gain.
Central to this surge was Grayscale Investments’ launch of two spot exchange-traded funds (ETFs) on NYSE Arca, one of which is the GXRP fund, offering U.S. investors regulated access to XRP for the first time through traditional financial instruments. This strategic move is poised to solidify XRP’s position in the institutional investment landscape.
The establishment of the GXRP fund, as well as the Canary Capital XRPC ETF, which garnered $250 million in its opening influx and $58 million in first-day trading volume, illustrates the appetite among institutional investors for regulated cryptocurrency products. Combined ETF inflows for XRP products have reached a staggering $422 million in a matter of days, reflecting a shift in investment dynamics.
As the ETF launches unfolded, approximately 200 million XRP tokens moved off major exchanges within 48 hours—a significant indicator of changing investor sentiment and preference for long-term holding. Notably, about 42% of the circulating XRP is currently held at a loss, based on on-chain data, signaling a possible imminent shift in market behavior.
Institutional Interest Shows Promising Growth
The increase in XRP futures open interest, which climbed to $3.55 billion and grew by 8.69%, underlines the burgeoning demand within the derivatives sector as traders look to capitalize on favorable market conditions.
Furthermore, following the conclusion of the SEC vs. Ripple case earlier this year, where a ruling determined that secondary-market sales of XRP do not constitute securities, regulatory clarity has unlocked new opportunities. This landmark decision allows banks and payment providers to explore Ripple’s On-Demand Liquidity solutions with reduced regulatory uncertainty.
Market Indicators and Technical Analysis
On the technical front, the MACD indicator has crossed above its signal line on the 4-hour chart, suggesting potential upward momentum, while the RSI climbed into the mid-50 range after recovery from oversold conditions. Nevertheless, XRP faces a resistance level at $2.20 that has proven challenging in recent weeks; a breakthrough here could pave the way toward $2.50, with some analysts projecting a potential price target of $3.00 if bullish conditions persist.
XRP remains within a descending channel established in August 2025, despite showing signs of rebound potential as the daily RSI recently recorded its lowest levels since 2024, historically foretelling short-term recoveries. Immediate support lies around the $2 mark, with stronger support established at $1.80. A fall below $2.00 could compromise the current bullish setup, as the MACD histogram showcases signs of flattening, indicating possible momentum shifts.
Importantly, large holders command over 68% of XRP’s circulating supply, which could lead to rapid price fluctuations in the market. The introduction of new ETF products has opened institutional pathways for investment opportunities that were absent prior to 2025, further solidifying XRP’s potential within the crypto ecosystem.
