XRP Price Climbs 2% As 21Shares Debuts XRP ETF

The XRP price climbed 2% in the past 24 hours to trade at $2.03 as of 12 a.m. EST on a 25% drop in trading volume to $3 billion.

The increase in the price of the Ripple token came as 21Shares’ XRP ETF ($TOXR) made its debut on Cboe yesterday, expanding regulated access for US investors and simplifying exposure through traditional brokerage accounts.

21Shares confirmed the ETF’s launch in an X post, marking another major step in the firm’s growing crypto market presence.

CEO Russell Barlow emphasized the company’s mission to expand investor access to leading crypto assets through innovative financial products. As of last month, 21Shares managed over $8 billion in assets and now offers five US-listed crypto ETFs.

XRP remains central to global cross-border payments and is supported by the long-running XRP Ledger, which is also used for tokenization and DeFi applications.

The ETF launch follows Ripple’s recent XRP Ledger upgrade, which introduced reliability improvements, bug fixes, and a native lending protocol.

XRP Price Tries to Stabilize Inside A Bearish Channel

XRP is still trading inside a clear bearish channel, with the price making lower highs and lower lows since August. Sellers remain in control, and the 50-day moving average is below the 200-day moving average, confirming a long downtrend.

Even though the market is weak, XRP is starting to show some signs of support near the $1.90–$2.00 area, where buyers have stepped in several times.

The price recently bounced from the lower part of the channel, showing that this support zone is holding for now. There is also a small parabolic curve forming, which suggests the selling pressure may be slowing.

But for a real trend change to happen, XRP needs to break above the mid-channel resistance and move past the 50-day moving average at around $2.25. Without this breakout, the market will likely stay bearish.

XRPUSDT Chart Analysis Source: Tradingview

Momentum indicators remain soft. The RSI is around 42, showing weak buying power and no strong trend in either direction. The MACD is slightly below the signal line, which still favors sellers, but the histogram is flattening, meaning the bearish energy is slowly fading.

If XRP loses support and breaks below the channel, the next major downside target is near $1.50. This level is very important because a drop below it could lead to more heavy selling.

On the other hand, if XRP breaks above the channel and climbs above the 200-day moving average at $2.60, it would signal a strong shift in trend and attract more buyers.

For now, XRP is trying to stabilize but is still stuck in a bearish structure. Buyers need to push the price above key resistance levels before any real recovery can begin.

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