Overview
- XRP fell roughly 7% to an intraday low near $2.27 on Nov. 14 before stabilizing around $2.30–$2.32.
- Technical gauges turned negative with a confirmed daily death cross, price action below key moving averages, and trading contained in a descending channel.
- Analysts flag $2.25–$2.20 as the next support zone, with overhead hurdles at $2.40–$2.45 and then approximately $2.58–$2.65.
- Derivatives data show fading leverage and a bearish tilt, with futures open interest at $3.63 billion versus $8.36 billion on Oct. 10 and a long/short ratio at 0.88.
- Canary Capital’s new spot XRP ETF recorded about $58 million in first‑day volume, and additional applications await review, with sustained inflows needed to aid price.