Summary XRP trades above $2.42, defending its short-term moving averages. Ethereum ETFs see $107 million in outflows, weighing on broader sentiment. Key support sits at $2.38, with resistance at $2.59 and $2.70. By Jainam Mehta XRP ( XRP-USD ) rose 1.8% to trade near $2.42 on Wednesday, holding above its ascending support line as it reclaimed short-term moving averages on the 4-hour chart. The rebound follows a week of volatility across the crypto market, with Ethereum ETFs recording $107 million in outflows on November 11—their largest in weeks—prompting speculation that liquidity may be rotating toward alternative assets like XRP. From a technical perspective, XRP remains within a rising structure that has persisted since late October. The 20-, 50-, and 100-period EMAs cluster between $2.41–$2.43, forming a tight confluence zone. A decisive close above this range could unlock upside potential toward $2.59, the previous local high and upper Bollinger Band level. Beyond that, $2.70 marks the next resistance zone, where prior rallies have consistently stalled. XRP price dynamics (Source: TradingView) Immediate support is seen at $2.38, followed by the ascending trendline base near $2.26, a level that has repeatedly attracted buying interest. The Bollinger Bands have begun to widen, signaling a potential increase in volatility after several sessions of compression. The RSI remains neutral, suggesting the current upward drift could extend if price action holds above the moving average cluster. The broader tone remains cautiously constructive. XRP’s resilience relative to other large-cap altcoins suggests short-term stability, especially as market participants await confirmation of stronger inflows or trend continuation. Ethereum outflows and capital rotation shape sentiment Market data from CoinGlass shows persistent net outflows from Ethereum spot exchanges, totaling $22.7 million on November 12. A significant factor was BlackRock’s $19.8 million Ethereum sale, which contributed to total ETF redemptions exceeding $107 million in a single session. These outflows underline a period of defensive positioning among institutional investors, particularly within the smart contract and DeFi segment, which has experienced weaker fund inflows since late October. In contrast, XRP’s steadier structure and lower speculative leverage have made it an attractive alternative for traders seeking relative stability amid sector-wide volatility. While Ethereum continues to dominate market headlines—especially after Fundstrat’s Tom Lee reiterated a forecast calling for ETH to reach $9,000–$12,000 in early 2026—short-term fund movements reflect a tactical rebalancing rather than broad bullish conviction. If this rotation persists, XRP could benefit from incremental capital flows, particularly as the asset continues to maintain key structural support and shows less liquidation pressure than high-beta peers. Outlook XRP’s technical bias remains mildly bullish above $2.38, though a breakout above $2.59 is required to confirm trend reversal momentum. The rising support line near $2.26 remains the critical invalidation level for buyers. If the base holds, the next upside target sits near $2.70, while failure to sustain above $2.43 could reopen downside pressure toward $2.26. Previously discussed analysis identified the $2.60 region as the decisive barrier separating consolidation from breakout. That outlook remains unchanged. Sustained strength above that level would mark a clear shift in sentiment , aligning XRP’s recovery with improving sector liquidity trends. This material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
