TLDR
- 21Shares XRP spot ETF (ticker: TOXR) approved and set to launch on November 29, 2025
- XRP reserves on Binance have dropped to 2.7 billion from nearly 3 billion, with 300 million XRP withdrawn since October
- XRP currently trading at $2.20-$2.22 with market cap of $132.72 billion and 24-hour volume of $5.01 billion
- Technical analysis shows XRP testing channel ceiling near $2.25 with key resistance at $2.60 and potential target of $3.35
- Stoch RSI indicates strong buying pressure with %K at 97.56, but RSI at 43.25 shows weak overall momentum
XRP price action continues to draw attention as the market prepares for the launch of a new spot exchange-traded fund. The 21Shares XRP Spot ETF received approval and will begin trading on November 29 under the ticker symbol TOXR.
The approval marks a new phase for institutional access to XRP. Crypto analyst STEPH IS CRYPTO confirmed the launch date through social media. The ETF provides traditional investors with a regulated way to gain exposure to the digital asset.
XRP currently trades at $2.20 to $2.22 with a market capitalization of $132.72 billion. Trading volume over the past 24 hours reached $5.01 billion. The price has gained 1.07% in the last day.
The token tests important levels on the chart. XRP moves within a descending channel that has guided its structure for several months. The price now approaches the channel’s upper boundary near $2.25.
Buyers have attempted to break above this level multiple times. Sellers have rejected each attempt. The next resistance sits at $2.60. A move above $3.13 would open room toward $3.60.
Exchange Supply Changes
Binance reserves show a clear trend. The exchange now holds roughly 2.7 billion XRP. This number dropped from nearly 3 billion earlier in the cycle.
Since early October, close to 300 million XRP have left the platform. Holders appear to prefer storing their tokens in personal wallets rather than on exchanges.
Lower exchange reserves typically reduce immediate selling pressure. When fewer tokens sit available for quick sale, price reactions can become more stable around key chart levels.
The ETF launch may accelerate this pattern. As institutional channels expand, more holders choose to withdraw from exchanges. This removes supply from the market and tightens liquidity.
Technical Indicators Show Mixed Signals
The Stochastic RSI presents strong buying signals. The %K line stands at 97.56 while the %D line reaches 90.06. These readings show upside pressure as XRP pushes against resistance.
However, other indicators paint a different picture. The regular RSI sits at 43.25, indicating weak momentum. The reading falls below the trend line at 49.79.
The price trades below key moving averages. The 20-day simple moving average stands at $2.76, while the 50-day average sits at $2.52. Both create overhead resistance.
The MACD indicator reads negative at -0.06430. This falls below the signal line of 0.04807. The histogram shows -0.11237, suggesting sellers maintain control.
Price Targets and Support Levels
Analyst BitGuru identified several important levels. XRP previously reached approximately $3.35 before consolidating around $2.82. The price then declined to support between $1.88 and $1.82.
$XRP rallying to about 3.35, then consolidating before another peak near 2.82.
After losing momentum, price dropped toward the 1.88–1.82 support zone and is now hovering around 2.18 sitting at a key level where it could either rebound upward or continue lower.#XRP pic.twitter.com/L2RMLiuDbh
— BitGuru
(@bitgu_ru) November 27, 2025
The current level near $2.18 to $2.22 represents a critical zone. Movement above the channel ceiling could unlock a path toward $2.60 and eventually $3.35.
Support remains at the lower channel boundary and the $1.82 to $1.88 range. A break below these levels would shift the technical structure.
The 21Shares XRP spot ETF begins trading on November 29, with the token holding at $2.20 as exchange reserves continue declining and buyers test the channel ceiling near $2.25.
The post XRP (XRP) Price: Trading at $2.20 as TOXR ETF Receives Approval appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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