Overview
- Price action cleared a $2.197 barrier and held a $2.204 pivot, with traders now eyeing $2.22 first and the $2.33–$2.40 zone for confirmation.
- On-chain data show XRP Ledger velocity spiking to 0.0324, the highest this year, alongside multi-year highs in network activity.
- Spot XRP ETFs notched 11 straight days of net inflows, lifting assets under management to about $844 million, including $89 million on Dec. 1.
- Derivatives signals are mixed: funding was broadly negative with open interest dropping to $3.8 billion from $8.6 billion, while a 24-hour rise in funding rates raises leverage risk if momentum stalls.
- Analysts highlight $2 as the key line to defend, warning that a breakdown could revisit $1.90–$1.80, whereas a clean move above $2.28–$2.40 could open targets near $2.58–$2.75.