XRP Holds $2.20, Aiming for a “Bull Flag” Breakout to $2.35

XRP is entering a critical consolidation phase, stabilizing near the $2.20 level as the initial euphoria of U.S. spot ETF launches begins to normalize.

While technical indicators point to a breakout toward $2.35-2.45, the market is grappling with a notable deceleration in institutional capital flows, raising questions about the asset’s near-term momentum.

XRP ETF Inflows Showed Uneven Demand

Spot ETF flows have emerged as a central factor shaping XRP sentiment. The four U.S. XRP-spot ETFs extended their net inflow streak to nine sessions on November 26, adding $21.81 million the day after recording $35.41 million. Since launching on November 14, the group has reported $643.92 million in total net inflows.

The Canary XRP ETF (XRPC) remains the leader in inflows at $334.59 million, driven by $243.05 million registered on its first day. By comparison, the Franklin XRP ETF (XRPZ) has accumulated $74.54 million since its November 24 debut.

However, weaker inflows in recent sessions have prompted concerns about the near-term trajectory of the ETF segment.

Analysts have noted that waning inflows could lower expectations for a possible BlackRock iShares XRP Trust, which has yet to enter the market.

XRP Price Momentum

Throughout November, XRP experienced a 16% monthly decline, dropping from the $2.63 zone toward a low of under $1.95 before rebounding in the final week.

The chart from CooinMarkeCap shows a series of failed attempts to reclaim the mid-$2.40 area, followed by accelerated sell-offs around November 22–23. However, as of the time of writing, XRP was trading at $2.20, recording a 0.26% decline over the past 24 hours.

Source: CoinMarketCap

The market capitalization currently stands at $132.83 billion, down 0.51%, while the 24-hour trading volume has decreased by more than 31%, indicating a decline in trading engagement.

XRP Technical Indicators Signal Short-Term Growth

XRP’s chart indicators suggest a possible shift in short-term momentum. The RSI, now at 47.86, continues to rebound from early-month oversold conditions, while its signal line at 40.86 remains lower, suggesting easing bearish pressure.

Source: TradingView

The MACD (12, 26) shows a bullish crossover, with the MACD line at 0.0227 above the signal line at –0.0645, and histogram readings have turned positive.

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