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XRP Falls Below $2, Tests $1.96 Support as ETFs Grow and Ripple Extends RLUSD

Institutional support contrasts with short-term bearish signals.

Overview

  • XRP traded between $1.92 and $2.01 on Dec. 15 after slipping under $2, with price retesting the $1.96 daily support.
  • A daily close below roughly $1.96 could expose $1.80–$1.77, while a firm move back above $2.00 may open $2.20–$2.30.
  • Short-term indicators skew bearish, with a 4-hour RSI near 41 and converging MACD, though a break above an inverse head-and-shoulders neckline could target about $2.50.
  • U.S. spot XRP ETFs continue to attract assets nearing $1 billion, including $342 million at Canary and $240 million at 21Shares.
  • Ripple detailed RLUSD expansion to Optimism, Base, Ink and Unichain via Wormhole NTT, alongside conditional OCC approval for a national bank charter and reported RLUSD assets near $1.3 billion, largely on Ethereum.