• XRP gains momentum as 21Shares’ approved TOXR spot ETF prepares to launch on November 29.
• XRP attracts rising institutional interest due to expectations surrounding the imminent spot ETF debut.
• The token is trading near critical resistance and support levels highlighted by BitGuru’s recent technical market analysis.

XRP is making headlines over a new spot ETF being launched in the coming days. Analysts are picking out important levels where the price of XRP might reverse itself or slide further. The approval of a new ETF is expected to increase activity in the market.

At press time, XRP is trading at $2.20 with a 24-hour trading volume of $5.01 billion and a market capitalisation of $132.72 billion. Over the last 24 hours, the token has gained 1.07%, signalling cautious optimism among investors.

21Shares XRP ETF Approved

To add to the excitement, renowned crypto analyst STEPH IS CRYPTO highlighted that the 21Shares XRP Spot ETF with the ticker symbol ‘TOXR’ has received approval and is ready to launch on 29th November. This is seen as a strong factor in institutional investment in the asset itself, namely ‘XRP’.

XRP Awaits Next Major Move

Meanwhile, analyst BitGuru has given updates on the recent prices of XRP. According to an analysis given by BitGuru on the prices of XRP, the currency first moved up to a level of about $3.35, followed by a period of consolidation at a level of approximately $2.82.

But with a loss of some pace, the value moved down towards a support level of about $1.88–$1.82.
Current levels of the token show it is around a critical level of about $2.18.

Investors are closely tracking these levels, as the forthcoming ETF launch may have a significant impact on the short-term outlook for the token. As institutional demand continues to rise, the coming weeks may be defining ones for the leading crypto asset.

Also Read | XRP Jumps 63% in a Year : Can It Hit a New All-Time High in 2025?

XRP Struggles to Hold Momentum

The RSI is currently at 43.25, indicating weak momentum, but it is not oversold, with the yellow trend line at 49.79 showing where the strength disappeared. Currently, the price is below the key levels of the MA Ribbon, with the SMA 20 level at 2.76814 and the SMA 50 level at 2.52743, both of which form a barrier against price.

The MACD is at -0.06430, located below the signal line of 0.04807, proving a Bears’ dominance. The Momentum Bars remain red, showing dominance by sellers, who have begun cooling off. With its histogram standing at –0.11237, a stronger Buying Volume is required for an upward turn in the market for the token.

Also Read | XRP Monthly RSI Hits 80 Zone Again: Market Truth Traders Must See