5 Minutes
Overview
XRP is trading around $2.20 as Binance reserves fall to their lowest level of 2025, easing short-term sell-side pressure. Market activity has cooled, but derivatives data and on-chain flows suggest traders are quietly rebuilding positions and moving tokens off exchanges amid ETF launches and ledger upgrades.
Market snapshot and recent price action
XRP was trading near $2.20 at press time, up about 0.5% over the past 24 hours. Despite this stability, the token remains down roughly 16% over the last 30 days and about 40% below its July all-time high of $3.65. Spot volume has softened, with 24-hour turnover near $3.92 billion, down around 12% from the prior day.
Derivatives metrics are mixed. Futures volume fell 24% to roughly $6.51 billion, yet open interest has inched higher by about 2.8% to $4.09 billion. That combination is typical when traders quietly scale into positions even as retail spot demand cools, indicating a deliberate rebuild of exposure rather than panic buying.
On-chain supply shifts and ETF implications
According to a Nov. 27 analysis from CryptoQuant contributor Arab Chain, the share of circulating XRP held on Binance has declined to an index reading of 0.0271, the lowest level recorded so far this year. This reflects steady outflows from the exchange and growing accumulation in private wallets.
Binance reserves now sit near 2.7 billion XRP, with close to 300 million XRP withdrawn since Oct. 6. While some movement could be internal reshuffling, the persistent decline points to real user withdrawals. That matters because less supply on exchanges generally reduces the immediate pool available for selling during volatile episodes, supporting price floors.
Timing is notable. Several issuers, including Canary Capital, Franklin Templeton, Grayscale, and Bitwise, launched XRP ETFs in November. Depository Trust and Clearing Corporation data also show 11 ETF tickers still under review. If approved, those tickers could channel new institutional flows into XRP and elevate demand from longer-term, less liquid holders.
Ledger upgrades and regulatory wins
The XRP Ledger continues gaining functionality with automated market makers (AMMs), a built-in decentralized exchange, tokenization tools, and expanded RippleNet integrations. On Nov. 27, Ripple's RLUSD stablecoin received regulatory approval in Abu Dhabi, which could accelerate integrations and use cases across regional payment rails.
Technical picture and levels to watch
On the chart, XRP has nudged into the mid-range resistance zone around $2.20 to $2.25, a level where sellers have been active since early October. Price is finding support near the 10-day EMA, which remains mildly bullish, but it trades below the 20-day and 30-day moving averages.
Bollinger Bands show price bouncing from support close to $1.92 and moving toward the middle band, suggesting stabilization after the November sell-off. Most momentum indicators sit neutral to slightly constructive. The MACD and Momentum indicator display early bullish divergence, while the RSI sits near 48 — climbing out of oversold territory but not yet in overbought conditions.
If XRP can decisively clear $2.25 with meaningful volume, a run toward the upper band around $2.50 becomes a realistic next target. Failure to breach that resistance would likely keep XRP trading in a sideways band between $1.92 and $2.25, where range-bound trading and accumulation could persist.
XRP daily chart
What this means for traders and investors
For traders, the current setup favors disciplined risk management: watch the $2.25 resistance and volume confirmation for a bullish breakout, and use $1.92 as a key short-term support. For investors and institutions, lower exchange supply and growing on-ledger utility strengthen the narrative for longer-term accumulation, especially if additional ETF tickers gain approval and institutional custody ramps up.
Overall, XRP's near-term outlook is balanced. On-chain flows and ETF activity provide structural tailwinds, while technical resistance near $2.25 remains the immediate hurdle to a broader recovery. Traders should monitor open interest, futures positioning, and exchange reserves for signs of renewed conviction or further consolidation.
Source: crypto
Comments
mechbyte
Solid breakdown. 2.25 is key, I like the on-chain detail but bounces could be fakeout, watch volume. holding a small bag, curious to see ETF approvals...
coinflux
Hmm Binance reserves at lows, ETFs rolling in... is this even real or just internal reshuffle? feels like whales quietly stacking long term, or am I missing smth?
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