XRP Pulls Back From $2.27 Peak Yet Maintains Uptrend Structure Above $2.15
XRP fell 4.96% from $2.27 to $2.16, hitting an intraday low of $2.11 before recovering to the $2.15–$2.17 zone. The total session volume reached 236.6 million XRP, which is 54.56% above monthly averages. Key technical levels include a broken support at $2.20; a critical pivot at $2.15 for potential bounce; resistance at $2.28; and consolidation around $2.155–$2.166. A bearish pennant has formed between $2.155 and roughly $2.18.
In November, several ETFs launched including Franklin Templeton’s EZRP, Canary Capital’s XRPC, and Bitwise products, collectively drawing first-week flows exceeding $245 million, signaling strong institutional interest. However, ETF volumes have declined about 55% from peak levels, indicating waning retail enthusiasm despite increased ETF access.
Broader market factors such as increased Bitcoin volatility ahead of its Death Cross have contributed to risk-off sentiment and pressure on altcoins including XRP. Technically, the breakdown above the $2.20 level reveals structural fragility in the spot market, and the lack of volume conviction during the rebound suggests upside momentum is limited without a break above the pennant and reclaim of $2.28.
Near-term XRP trajectory depends on ETF-related catalysts and broader market sentiment. Although further Bitwise ETF launches are planned through November 25, these may have limited impact without improved market conditions. The bullish pathway requires a break above the pennant’s upper boundary and a reclaim of $2.28 to confirm renewed uptrend momentum.
