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XRP is entering one of its most crucial weeks in months as a series of bullish 
catalysts align to set the stage for what could be a breakout move. The token 
has held firmly above the $2.20 support zone despite the recent market crash, 
and both technical and fundamental factors now point toward a possible surge 
in price. According to crypto analyst Guy on the Earth, XRP is in a make-or- 
break moment, with abundant news catalysts giving traders reasons to stay 
optimistic about the short-term direction. XRP Holds $2.20 Support; Analyst 
Eyes Resistance Ahead “Another reversal from lows as XRP holds onto the $2.20 
support,” said Guy on the Earth in a recent post on X, capturing the cautious 
positiveness in the price of XRP. He noted that the token is currently slap 
bang mid-range, targeting a retest of the $2.63 to $2.72 resistance zone. 
Related Reading: The XRP Price Is About To Do This In November – “Get Ready” 
According to him, there is an abundance of positive catalysts this week, 
ranging from ETF speculation to the end of the ongoing government shutdown. 
These catalysts are very important, as XRP needs a continuation of its 
momentum bounce from $2.2 to target the next resistance from here; otherwise, 
this is a dead cat at best. The analyst emphasized that XRP’s ability to 
defend its key support levels will be critical in shaping its near-term 
trajectory. He warned that if the token revisits the $2.20 range, it may 
struggle to hold that level again, potentially slipping to between $1.90 and 
$2.00. Despite this caution, he maintained his conviction that the recent lows 
are already in and that XRP is gradually preparing for a range breakout to the 
upside. “Things are coming together for the rally we’ve been looking for,” he 
added, while noting that chopping around this zone is healthy before a break 
of the range higher. ETF Anticipation Builds Momentum For XRP A large part of 
this week’s optimism surrounding XRP is tied to growing speculation that a US- 
listed exchange-traded fund could be nearing approval. Canary Capital’s recent 
Form 8-A submission to the US Securities and Exchange Commission has increased 
expectations that the long-discussed spot XRP ETF might debut soon, possibly 
under the ticker “XRPC.” Related Reading: XRP Price Performance In November: 
History Says It’s The Most Bullish Month In History The anticipation 
surrounding this ETF has already begun shaping market sentiment, reflected in 
the steady stream of excitement from XRP supporters across social media. 
Traders are drawing comparisons to the rallies seen in Bitcoin and Ethereum 
following their respective ETF approvals, anticipating a similar influx of 
institutional demand if XRP’s turn arrives. At the time of writing, XRP trades 
at $2.41, a 2% dip in the past 24 hours. Maintaining the $2.20 support remains 
the key technical objective for bulls, as holding that level could pave the 
way for another attempt at the $2.72 resistance zone in the next few days. 
Featured image from Peakpx, chart from Tradingview.com

Abundance of Catalysts Suggests XRP Price Could Take Off This Week

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Cryptocurrency price in NOK