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After several days of consolidation, the XRP price is building strength near a critical resistance zone, sparking optimism among market participants. However, growing whale activity and profit-taking suggest that traders remain cautious, waiting for stronger confirmation before committing to the next leg up.

As of November 11, 2025, XRP trades at $2.45, marking a modest 1.16% daily decline from $2.48. Despite the dip, trading volume surged by more than 34%, reaching $6.14 billion in the last 24 hours. Such an increase in volume during a pullback often signals repositioning among traders rather than panic selling, indicating potential accumulation ahead of XRP’s next move.

XRP was trading at around $2.45, down 3.15% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Over the past week, XRP gained 8.75%, pushing its total market capitalization to roughly $147.5 billion. The trend suggests that while short-term selling persists, the broader structure remains bullish as long as prices hold above the $2.15–$2.20 demand zone.

Technical analysts are paying close attention to a bullish “W” pattern forming on the 12-hour XRP/USDT chart, a classic double-bottom structure signaling reversal potential. According to crypto trader Steph_iscrypto, “support around $2.00 remains firm, with a possible breakout above $2.53 that could propel XRP toward $3.25 if volume confirms the move.”

The analysis highlights a bullish “W” pattern on the 12-hour XRP/USDT chart, indicating strong support at $2.00 and a possible breakout above $2.53 toward $3.25. Source: @Steph_iscrypto via X

The pattern, posted on November 10 when XRP hovered near $2.35, aligns with broader market optimism following Ripple’s recent regulatory progress. Still, analysts caution that social media enthusiasm around the “W” formation could amplify volatility as traders rush to interpret similar chart setups shared across X.

On-chain data adds another layer of intrigue. Analyst Ali noted that “90 million XRP were sold by whales in just 72 hours,” referencing a Santiment chart showing large holder activity earlier this month. Over 6 billion XRP moved during this period, corresponding with a price decline from $3.30 to $2.30.

Data reveals over 6 billion XRP in whale transactions as large holders sold 90 million XRP within 72 hours, triggering a price drop to $2.30. Source: Ali Martinez via X

Despite the heavy outflows, whale selling appears to have stabilized, while XRP wallet growth hit an eight-month high. This suggests renewed interest from retail investors, possibly taking advantage of lower entry points. Historically, similar whale sell-offs have coincided with short-term bottoms and recovery phases, giving bulls reason to remain optimistic.

From a technical standpoint, the current XRP price faces strong resistance between $2.43 and $2.65, where multiple moving averages (20, 50, and 100-day EMAs) have converged. This range has capped every rebound since September, making a daily close above $2.70 the key trigger for a sustained breakout.

A breakout above $2.70 could propel XRP price toward $2.90 and possibly $3.10. Source: CryptoVision on TradingView

Meanwhile, the Supertrend indicator continues to display a bearish cloud overhead, reflecting XRP’s struggle to reclaim upward momentum. Yet, bulls have successfully defended the structural base between $1.95 and $2.15, preventing deeper corrections.

Open interest in XRP futures recently climbed to $4.11 billion, indicating increased speculative positioning. However, a combination of rising open interest and falling prices typically signals new short entries, suggesting traders are bracing for volatility near the resistance zone.

The setup for Ripple (XRP) now appears binary—a decisive breakout above $2.70 could trigger a bullish reversal toward $2.90 and eventually $3.10, while another rejection may push prices back toward the $2.15 accumulation pocket.

Overall sentiment remains mixed but cautiously optimistic. With whale activity stabilizing, technical structures tightening, and buyers defending key levels, XRP’s next move could determine the tone for the rest of November. Traders now await confirmation—and potentially, the start of the next major XRP price rally.

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