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XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects

XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects

Bitget-RWA2025/11/23 06:28
By:Bitget-RWA

- XRP faces critical juncture at $1.96 as bearish technical patterns clash with institutional optimism from new ETFs. - Descending triangle breakdown and RSI divergence signal potential 25% drop to $1.55, contradicting ChartNerd's reversal prediction. - Bitwise XRP ETF's $25.7M debut volume injects liquidity but risks accelerating forced selling from 41.5% of supply at a loss. - Analysts debate ETF-driven bullish potential vs. structural risks, with $2.20 support zone and $1.25 price floor as key battlegro

XRP's recent price movement has ignited heated discussions among market observers, as bearish chart patterns collide with signs of bullish momentum and growing institutional confidence. Currently valued at $1.96, the digital asset stands at a pivotal point as

and negative RSI divergence could trigger a 25% slide to $1.55, according to Cointelegraph. On the other hand, well-known chartist ChartNerd contends that the pattern has already fulfilled its downside objective and . Adding complexity to the situation, has brought new capital into the market, though its lasting effects are still unclear.

The bearish perspective is based on

that developed after dropped below the $2.20 support on November 19, 2025. This technical setup, which features a horizontal support and a falling resistance, often precedes a sharp decline once support gives way. Cointelegraph , representing a 45% decrease from XRP's October high of $3. Further fueling the bearish outlook, indicates fading strength, as the RSI slipped from 92 to 68 even as prices climbed.

XRP News Today: XRP Faces Uncertainty: Bearish Trends Clash with Optimism from ETF Prospects image 0

has intensified downward pressure, with XRP now trading 11% below its price from a week earlier. Analysts on TradingView have pointed out that the $2.20–$2.30 range, where 3.23 billion XRP were previously accumulated, now serves as a significant resistance to any rebound. "The market isn't a pharmacy," one analyst remarked, .

Conversely, ChartNerd presented a different take, stating that the descending triangle's target has already been reached and

. This divergence, where price lows fall faster than RSI lows, could signal that the downward momentum is waning. ChartNerd pointed out that no major structural supports have been lost, describing the negative headlines as "misleading." The analyst also , referencing the Bitwise XRP ETF's $25.7 million in first-day trading volume and $107.6 million in assets under management.

Institutional involvement appears to be a double-edged sword. While

attracted swift interest, competing offerings from Rex Osprey and Canary Capital have also seen robust inflows, reflecting a wider demand for regulated XRP investment vehicles. Forthcoming launches by Franklin Templeton, CoinShares, and Grayscale could further boost market liquidity, though their effect on price is yet to be seen.

XRP's future direction remains highly uncertain. ChartNerd's emphasis on consolidating gains and retesting former resistance levels stands in contrast to bearish predictions of a potential drop to $1.25.

, according to Glassnode, the threat of forced selling is significant. Nevertheless, , especially if inflows pick up in the near future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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