XRP ETF Launches Tomorrow – What’s Next for XRP’s Price?

Jakarta, Pintu News – XRP (XRP) is set to reclaim the spotlight of the crypto market, with the launch of an ETF just a day away. Canary has filed a Form 8-A, the final step before the ETF launches on Thursday. The ETF has been officially approved for trading on Nasdaq, making it the first ETF to gain SEC registration.

One day ahead of the launch, XRP price is trading below crucial horizontal and diagonal resistance levels. Let’s check the chart and see if tomorrow’s positive news can trigger a surge in XRP price.

XRP Technical Analysis

Price movements on the daily time frame show that XRP has been falling in a descending parallel channel since July 2025. Channels like this usually contain corrective movements, which could bode well for XRP if it is true.

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Today, XRP price is attempting to bounce off the centerline of the channel, forming a base of support above it. If successful, XRP must first break the horizontal area at $2.60 and then move above the channel resistance at $2.75.

If this is achieved, it will confirm that the correction is over, triggering an increase in XRP price towards $3.15 and possibly reaching range highs. The momentum indicator shows that the XRP price is maintaining its upward momentum.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) showed bullish divergence before the rally, which coincided with a bounce at the channel support line.

Currently, the RSI is moving above 50, while the MACD is almost at 0, which favors a possible breakout. Thus, the daily prediction for XRP is cautiously bullish, which will be confirmed by a breakout above $2.60.

XRP Long Term Prediction

While the chart on the daily time frame shows a potential bounce, the weekly chart indicates the opposite.

The price movement of XRP on the weekly time frame suggests that the price may have reached its cyclical top, along with the bearish divergence seen on the weekly RSI and MACD (orange color).

Additionally, XRP is trading within a rising parallel channel, which, as discussed in the previous section, is a corrective pattern.

Since the channel is rising, it is likely that the price of XRP will fall. Declines in RSI and MACD also indicate this, as RSI is below 50 while MACD is negative.

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Once the drop occurs, XRP could fall towards its previous high of $1.70. A further drop below this level will confirm that the market cycle is over and XRP will drop to a new low.

XRP’s Unclear Trend

In summary, XRP’s short-term direction largely depends on its response to the ETF launch. A clean breakout above $2.60 could signal the start of a strong recovery, especially if momentum continues to build.

However, failure to hold above the key level might confirm a broader bearish setup and push the price back towards $1.70. The next few days will be crucial to determine whether XRP’s rally will continue or fade away.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. XRP ETF Price Analysis. Accessed on November 13, 2025