XRP faces a pivotal juncture as it tests the $1.97 support level, combining technical bullish patterns with early institutional ETF inflows, which may shape the cryptocurrency’s short-term trajectory.

Following a decline below the $2.00 threshold, XRP’s price has captured attention from both retail and institutional investors. While market volatility remains elevated, on-chain data from Nansen and CoinShares reports indicate that technical charts, coupled with ETF activity, may provide the foundation for stabilization. Analysts are closely watching whether XRP can maintain this support as broader altcoin sentiment fluctuates.

XRP Holds Key Support Amid Market Pressure

XRP is currently testing a critical support zone around $1.97, which traders consider central to short-term market sentiment. The decline below $2.00 coincided with a broader downturn across altcoins, as Bitcoin’s dominance reached 58.45%, suggesting a capital rotation away from smaller tokens (source: CoinMarketCap, November 2025).

XRP is testing key support at $1.9707 with resistance near $2.0216, presenting potential upside to $2.2174 and downside risk to $1.7805, emphasizing disciplined risk management. Source: globuscapitas on TradingView

According to Nansen on-chain analytics, approximately 42% of XRP wallets accumulated tokens near $3.00, leaving a significant portion of holders in a loss position. Market analysts caution that sustained selling from this cohort could extend pressure across the altcoin market.

This environment has placed heightened focus on the current XRP price, with investors monitoring whether the support band around $1.97–$2.00 can hold.

ETF Inflows Provide a Counterweight

Institutional involvement has increased with the launch of XRP spot ETFs. Bitwise’s XRP ETF, debuting on NYSE Arca, reported $105 million in net inflows on its first day, while Canary Capital’s XRPC ETF recorded $12.8 million in early inflows (source: Bitwise Capital, November 2025). Total ETF-related exposure now stands at roughly $385 million.

Bitwise’s XRP ETF recorded $105 million in net inflows on its first day, while Canary Capital’s XRPC ETF added $12.8 million, signaling early institutional interest in XRP. Source: Kyle Chassé / DD via X

Analysts note that, although these inflows are modest relative to XRP’s multi-billion-dollar market liquidity, they indicate early institutional interest rather than a structural demand shift. As Ripple XRP news highlights, these developments follow the partial resolution of the SEC lawsuit, which has clarified XRP’s regulatory status and boosted investor confidence.

Market observers comment that ETF demand could stabilize the XRP market, even if near-term volatility persists. One recognized on-chain analyst from Glassnode noted:

“Strong ETF inflows during a period of weakness reflect measured institutional confidence in XRP, but short-term swings remain likely.”

Bullish Bat Pattern Signals Potential Technical Reversal

Technical charting shows a Bullish Bat harmonic pattern forming on the XRP/USD pair. Harmonic patterns are used by traders to identify exhaustion points where the price may reverse. The Bat pattern specifically indicates potential buying interest if XRP maintains its support near $1.97.

TradingView user marleau.itm shared a potential bullish Bat pattern for XRP/USD, noting it’s for discussion, not financial advice. Source: marleau.itm on TradingView

Current intraday resistance is observed around $2.02, with potential upside targets between $2.11 and $2.21. Conversely, a failure to hold $1.97 could see the price testing the next support at $1.90, which serves as a key liquidity zone.

The RSI indicator, a measure of market momentum, is near oversold levels according to TradingView data, suggesting that a short-term relief bounce may occur. Traders are advised to exercise risk management, as rapid price swings are common in XRP’s market structure.

Market Sentiment and Supply Considerations

Community discussions have speculated about potential XRP scarcity over the next 30–60 days, citing locked escrow balances and projected ETF inflows. While some commentators claim this could reduce circulating supply by 1–3%, institutional analysts caution that these projections are speculative and depend on multiple variables, including whale activity and macro conditions.

A crypto commentator suggested that while XRP is experiencing short-term weakness, potential scarcity in 30–60 days could overshadow the current dip, urging holders to stay invested. Source: Common Sense Crypto via X

Recent blockchain data from Nansen shows that large holders moved over 190 million XRP in the past 24 hours, underscoring the continued influence of whales on short-term price action. While scarcity narratives circulate on social platforms, investors are encouraged to consider both on-chain metrics and broader market trends.

Macro and Regulatory Context

XRP’s price action also reflects macro-level factors. The broader cryptocurrency market remains sensitive to Bitcoin fluctuations, interest rate expectations, and regulatory developments. Following the SEC lawsuit resolution, Ripple has strengthened institutional partnerships and expanded its ecosystem, including collaboration with banks for cross-border payments using XRP.

These developments suggest that while XRP may experience near-term volatility, its medium-term outlook benefits from both improved regulatory clarity and growing institutional adoption.

Outlook: Stabilization at $1.97 Remains Crucial

The price of XRP is at a pivotal juncture. Maintaining the $1.97–$2.00 zone may allow for a measured rebound, supported by technical setups like the Bullish Bat pattern and ongoing institutional ETF participation. Traders should monitor price behavior closely, balancing technical indicators with macro and regulatory factors.

XRP was trading at around 1.98, down 7.46% in the last 24 hours at press time. Source: XRP price via Brave New Coin

While the market remains fragile, the combination of harmonic patterns, ETF inflows, and regulatory progress offers a foundation for gradual stabilization. Investors are advised to remain cautious, leveraging both risk management strategies and verified market data when assessing XRP’s near-term potential.