XRP News Today: ETF Boom Fuels Push Toward a $2.5 Breakout

XRP soars as spot ETF debuts fuel bets on an XRP-BTC decoupling. Crucially, the token reclaimed the $2.2 handle, signaling the beginnings of a bearish trend reversal.

Franklin Templeton and Grayscale launched XRP-spot ETFs on Monday, November 24, boosting demand for XRP. Franklin Templeton became the largest issuer so far to launch an XRP-spot ETF, ranking #19 on the ETF issuer Assets Under Management (AUM) league table.

Meanwhile, soaring bets on a December Fed rate cut and easing US-China trade tensions added to the positive sentiment. Previously fading bets on a December cut and Trump’s threat of an additional 100% tariff on Chinese goods contributed to XRP’s drop to a November low of $1.8239.

Franklin XRP ETF Takes Center Stage

Franklin Templeton launched its Franklin XRP ETF (XRPZ) on Monday, November 24, spotlighting the token. With $44.7 billion in ETF assets under management, the ETF dwarfs its peers, Bitwise Asset Management, Canary Capital, and Grayscale.

For context, Canary Capital is the lowest-ranked ETF issuer at #231, with ETF AUM of $84.82 million. The Canary XRP ETF (XRPC) reported total net inflows of $306.02 million from launch to Friday, November 21.

Analysts expect the Franklin XRP ETF to attract substantial institutional money, potentially sending XRP to new highs.

Franklin Templeton announced the launch, stating:

“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests. Within a diversified digital portfolio, we view XRP as a foundational building block. XRPZ provides regulated custody, daily transparency, and liquidity without the operational complexity of holding the token directly.”

Fed Rate Cut Bets Soar, Lifting Sentiment

While the XRP-spot ETF market took center stage, rising bets on a December Fed rate cut contributed to the gains. Growing calls for further monetary policy easing lifted demand for risk assets. FOMC member Christopher Waller joined San Francisco President Mary Daly and New York Fed President John Williams, supporting a December cut.

According to the CME FedWatch Tool, the chances of a December cut rose to 84.4% on November 24, up from 71.0% on November 21 and 42.4% on November 17.

US-China Call Removes Another Headwind

In a flurry of activity at the start of the week, positive updates from a US-China call between President Trump and Chinese President Xi eased fears of a full-blown US-China trade war. According to The Kobeissi Letter:

“President Trump releases a statement on his call with China’s President Xi today: Trump says he had a very good call with Xi and that he will be heading to Beijing in April. Trump also says Xi will be coming to the US, and they agreed to communicate often.”

Monday’s call signaled a marked turnaround from Trump’s threat of raising tariffs on Chinese shipments by 100% on October 10. XRP had fallen 35% from October 10 to November 21 before two consecutive daily gains.

Technical Outlook: Key XRP Price Levels

XRP surged 8.73% on Monday, November 24, building on the previous day’s 5.1% rally to close at $2.2286. The token outperformed BTC and the broader market, which gained 1.66% and 2.57%, respectively.

Despite Monday’s rally, the token remained below the 50-day and 200-day Exponential Moving Averages (EMAs), signaling a bearish bias.

Looking ahead, several key events are likely to influence XRP’s price trajectory.

Key technical levels to watch include:

• Support levels: $2.2, $2, $1.9112, and $1.8205
• 50-day EMA resistance: $2.3846.
• 200-day EMA resistance: $2.5280.
• Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Catalysts to Watch in the Sessions Ahead

Near-term price events include:

• XRP-spot ETF daily trading volumes and inflows.
• Blue-chip companies’ stances on XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the progress of the Market Structure Bill on Capitol Hill.

Bearish Scenario: Risks Below $2.2

• XRP-spot ETFs report net outflows.
• The US Senate opposes crypto-friendly legislation, including the Market Structure Bill.
• Blue-chip companies dismiss XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.

These bearish scenarios could push XRP toward $2.2. A drop below $2.2 may pave the way toward the $2.0 psychological support level. If breached, the $1.9112 support level and lower trendline would be the next key support levels. Two consecutive days of gains ended a sequence of lower highs and lower lows. A retracement would reaffirm the bearish structure.

Bullish Scenario: Path to $2.5 Eases

• XRP-spot ETFs see strong inflows.
• Blue-chip companies acquire XRP for treasury reserve purposes.
• Ripple secures a US-chartered bank license, and the US Senate passes the Market Structure Bill.

A breakout above the November 24 high of $2.2872 could open the door to testing the $2.35 resistance level. A sustained move through $2.35 could bring the 50-day EMA into play, with the upper trendline and $2.5 being the next key resistance levels.

Outlook: $2.5 Resistance in Sight

Market optimism over XRP-spot ETF launches sent XRP above the crucial $2.2 resistance at the start of the week. Robust demand for spot ETFs could bring the $2.5 level into play as the supply-demand balance shifted in XRP’s favor.

On Tuesday, November 25, US economic data and Fed speakers may influence bets on a December rate cut. Rising bets on a rate cut could fuel demand for XRP and spot ETFs.

Meanwhile, traders should continue monitoring the Market Structure Bill’s progress on Capitol Hill.

The next 72 hours could determine whether XRP can decouple from BTC and reclaim $2.5.