Overview
- Price has stabilized near $2.20–$2.30 after a capitulation, with two successful defenses of the $2.00 support confirming a key structural floor.
- The pennant’s upper band aligns with $2.30–$2.40 resistance, and reclaiming $2.62 would restore a bullish market structure, while a daily close below $2 would invalidate the setup.
- Volume has tapered during consolidation, and analysts expect a breakout before year-end with a volume spike likely providing the first clear signal.
- Franklin Templeton’s spot XRP ETF (ticker EZRP) is slated to launch on Nov. 18 following Canary Capital’s Nov. 13 debut, a sequence that observers say could influence liquidity and flows.
- XRP traded around $2.20–$2.25 on Nov. 17 as technicians watched the $2.15–$2.18 support band, with no new Ripple–SEC filings reported this week but earlier rulings still shaping the regulatory backdrop.