The US XRP-spot ETF market extended its inflow streak to 15 consecutive sessions on Friday, December 5, bolstering demand for XRP. The token snapped a three-day losing streak on Sunday, December 7, setting the stage for a potential breakout.
Crucially, XRP has continued to close above the $2.0 psychological support level after recovering from the November 21 low of $1.8239, indicating a potential floor. With Wednesday’s Fed interest rate decision in focus, spot ETF flows, alongside legislative developments on Capitol Hill, will be key for XRP’s bullish short- to medium-term outlook.
Below, I will explore the key drivers behind recent price trends, the medium-term (4-8 week) outlook, and the key technical levels traders should watch.
The US XRP-spot ETF market reported total net inflows of $230.73 million in the reporting week ending December 5. The week inflows took total net inflows to $897.35 million since launch. Unlike the US BTC-spot ETF market, where 11 issuers launched simultaneously, only four XRP-spot ETFs have launched to date.
15 consecutive days of net inflows, coming irrespective of market conditions, reflect robust institutional demand. By contrast, the US BTC-spot ETF market saw net outflows of $87.7 million, suggesting that an XRP-BTC decoupling is underway.
While XRPUSD is down 6.81% to $2.0807 in H2 2025. Meanwhile, XRPBTC has gained 9.15% in the same period, despite XRPBTC falling 8.69% in Q4.
More XRP-spot ETF launches and the progress of the Market Structure Bill on Capitol Hill would likely support a further decoupling. While BTC receives the US administration’s attention as a potential national reserve asset, XRP’s real-world utility and a broadening investor base support the bullish short- to medium-term price outlook.
Public-listed and SFC-licensed digital asset platform and exchange OSL HK announced the listing of XRP, stating:
“XRP is now available at OSL HK – secure, compliant access to one of the world’s most established digital assets. Renowned for its speed and efficiency in cross-border transactions, XRP expands OSL HK’s token lineup. Available to Professional Investors via Flash Trade & OTC. Flash Trade: XRP/HKD, XRP/USD, XRP/USDT.”
OSL HK’s announcement coincided with several key developments in the US. Vanguard Group took a sharp U-turn on crypto by allowing brokerage clients to access crypto-spot ETFs.
A more accessible crypto market, combined with crypto-friendly regulations, could boost demand for XRP and the broader market. Notably, Vanguard’s U-turn could push others to follow suit, exposing XRP to a wider Main Street investor audience.
XRP rallied 6.06% on December 2 as investors reacted to Vanguard’s announcement, underscoring the importance of leading asset managers’ presence in the crypto space.
Expectations of a Fed rate cut and the potential for further easing in H1 2026 suggest a bullish week ahead. However, there are several key events that may act as tailwinds for XRP, including:
In my view, these scenarios support a near-term (1-4 weeks) move to $2.35 and a medium-term (4-8 weeks) climb toward $2.5.
While the short- to medium-term outlook is bullish, several events could derail the outlook. These include:
These events would likely drag XRP below $2, bringing the November low of $1.82 into play before a longer-term return to $3.
However, in my opinion, robust demand for XRP-spot ETFs, expectations of crypto-friendly regulations, an expanding investor base, and a dovish Fed will likely support a move toward $3.
In summary, the short-term outlook remains cautiously bullish, while the medium- to longer-term outlook is constructive.
XRP rose 0.68% on Sunday, December 7, reversing the previous day’s 0.22% to close at $2.0456. The token underperformed the broader crypto market, which gained 0.85%.
Despite snapping a three-day losing streak, XRP remained below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating a bearish bias. However, fundamentals are shifting from the technical trend, supporting a bullish outlook.
Key technical levels to watch include:
Holding above the $2.0 psychological support level would bring the 50-day EMA into play. A sustained break above the 50-day EMA would pave the way to the $2.35 resistance level. Crucially, a break above the 50-day EMA would signal a near-term bullish trend reversal. A bullish trend reversal would support a medium-term (4-8 weeks) rise to the 200-day EMA and the $2.5 level.
Near-term price drivers include:
Avoiding a drop below the lower trendline and $2.0 would enable the bulls to target the upper trendline. A sustained break above the upper trendline would support the $2.5 medium-term and $3 longer-term (8-12 weeks) price targets.
However, a move below $1.8239 would invalidate the medium-term bullish structure.
XRP will come under increasing scrutiny, with buyer demand at the $2.0 psychological support level pivotal for the near-term outlook. Spot ETF inflows and a dovish Fed decision on December 10 would likely trigger an XRP breakout from the current price range.
Legislative developments will also be key in the coming weeks. Progress on crypto-friendly regulations would boost sentiment toward the demand outlook.
To summarize, robust XRP-spot ETF inflows and a dovish Fed rate cut support a short-term move to $2.35. Progress toward crypto-friendly legislation and wider XRP adoption would align with the medium-term (4-8 weeks) and longer-term (8-12 weeks) $2.5 and $3.0 price targets.
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.