XRP Faces Decisive Support Zone Ahead of ETF Launch
XRP is barely holding around $2.24 after testing a floor at $2.09 in the last 24 hours. The 15% drop over seven days and 25% decline over one month puts the altcoin in a precarious position, but on-chain data shows large holders accumulating at these levels. The psychological support at $2.10 represents an essential pivot level for the short-term trend.
The Relative Strength Index (RSI) has just touched the 30 zone, a classic oversold territory that often precedes technical rebounds. The MACD, although still negative, is beginning to show bullish convergence that could signal a change in momentum in the coming days. These technical signals come at a strategic moment, just before the anticipated launch of the first XRP ETFs.
Regulatory filings in the United States suggest that several issuers could launch their XRP products as early as the next few weeks. This institutional catalyst represents a paradigm shift for the altcoin. It would benefit from the same momentum that Bitcoin and Ethereum experienced after the approval of their own ETFs. Meanwhile, Ripple continues its expansion into cross-border payments and stablecoins, reinforcing the practical utility of the token.
A return toward $3 seems realistic by the end of November if selling pressure subsides. The $4 target in December remains possible in a scenario where ETFs generate significant inflows and the general market sentiment improves.
Bitcoin Tests Key Support Levels After $945 Million ETF Outflows
Bitcoin is currently trading around $101,686, recording a 2% decline over 24 hours and 10% over the week. U.S. Bitcoin ETFs experienced $945 million in net outflows last week, reflecting marked risk aversion from institutional investors. This selling pressure is largely explained by the rotation observed in stock markets, where highly valued technology stocks are experiencing massive profit-taking.
Despite this challenging context, the king of cryptos still displays a yearly performance of 47%, demonstrating the resilience of its institutional adoption. Current technical levels suggest that the worst of the correction might be behind us. The RSI at 30 indicates extreme oversold conditions rarely observed for Bitcoin, while the MACD is beginning to form a floor, a precursor sign of a potential reversal.
The support zones between $100,000 and $102,000 concentrate significant historical buying volumes according to on-chain data. If these levels hold against the current volatility, Bitcoin could initiate a technical rebound toward $110,000 in the coming weeks. The scenario of a rally toward $150,000 in December remains possible, driven by the Santa Claus effect historically favorable to risk assets and by the launch of ETFs for other cryptocurrencies that would revitalize the entire sector.
Ethereum Consolidates Before Next Institutional Catalyst
Ethereum is experiencing a 5% correction over 24 hours, bringing its price to $3,297. The decline reaches 17% over seven days and 27% over one month, placing the altcoin in a significant technical consolidation phase. U.S. Ethereum ETFs now manage $34.8 billion in assets, tangible proof of growing institutional interest in the leading smart contract blockchain.
What distinguishes Ethereum in this correction is the emergence of a new phenomenon. Indeed, several publicly-listed companies are beginning to acquire ETH as a reserve asset, following MicroStrategy’s pioneering strategy with Bitcoin. This trend strengthens the long-term fundamentals and provides a stability cushion against short-term speculative movements.
The current support around $3,200 represents a critical level for bulls. Maintaining above this zone, combined with the gradual recovery of the RSI from its oversold levels, would create conditions for a rebound toward $4,000 in early December. The $5,000 target remains accessible for early 2026, especially if network updates continue to improve efficiency and institutional adoption accelerates with new ETF products potentially including staking.
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