Ripple CEO Showcases XRP’s $1B ETF Success With Institutional Support; Technicals Hold Near $2.08
first published 2025-12-08T10:30:40Z
XRPL growth has cooled from mid-November peaks (previously >400% increases) but remains above early-November levels. Daily payments now range 600,000–900,000 and extreme volume spikes (above ~2 billion XRP/day) have disappeared. On-chain activity no longer provides the same price tailwind. XRP is in a long-term declining channel bounded by the 100- and 200-day moving averages, facing resistance around $2.10–$2.15 (50-day MA/mid-channel); a decisive break above $2.15 could target $2.20–$2.25, while failure may push price back toward the ~$2.00 lower boundary.
AI Analysis
On-chain growth has cooled from >400% peaks, daily payments have stabilized at 600k–900k and extreme >2 billion XRP/day spikes are gone, reducing the previous on-chain tailwind; price remains in a declining channel with specific resistance at $2.10–$2.15 and defined upside/downside targets.
Expected Investor Sentiment: Bullish
Potential Market Impact: High
Source Articles
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