What to Know:
- XRP is showing signs of a potential bullish reversal pattern, trading near $2.50.
- Analysts are closely watching XRP’s dominance and key support levels for confirmation of the breakout.
- The launch of the first U.S. spot XRP ETF on Nasdaq in 2025 could bring significant institutional demand.
XRP is capturing the attention of traders as it exhibits promising indicators of a pattern shift on the charts. Currently priced around $2.50, the asset has seen a 2% increase in the last 24 hours and a 9% rise over the past week. Market participants are keenly observing whether this momentum will sustain into December, potentially signaling a more significant bullish trend.
Analyst ChartNerd highlighted that XRP has completed a descending triangle pattern and is now forming an ascending triangle, suggesting rising lows and resistance around the $2.70 level. Ripple’s token is currently trading near the upper range of this structure, indicating a potential continuation of the trend if the pattern holds. Failure to maintain the ascending support could lead to a price retracement towards the $2.00–$2.20 range, where buyers have previously emerged.
Analyst Ali Martinez pointed out that XRP is trading within a descending channel on a 4-hour chart, characterized by lower highs and lower lows, with a potential support level near $2.00.
XRP could find support at $2, the post noted.
CRYPTOWZRD noted that XRP Dominance is displaying early signs of recovery, breaking above a trendline and the 50-day simple moving average, mirroring indicators seen during a prior rally earlier in the year.
The upcoming launch of the first U.S. spot XRP ETF on the Nasdaq Global Market on November 13, 2025, is anticipated to draw substantial market interest. This event could introduce new institutional demand for XRP. However, large holders reportedly selling into the rally might create short-term market pressures as fresh inflows interact with existing supply dynamics.
In conclusion, XRP’s technical patterns and the forthcoming ETF launch present intriguing opportunities for investors and traders alike. Monitoring key levels and dominance metrics will be crucial in determining the sustainability of any potential breakout. The evolving regulatory landscape and market dynamics surrounding XRP warrant close observation as the cryptocurrency seeks to establish a firm bullish trajectory.
Source: Original article
