XRP Price Today: XRP Surges Above $2.25 After 21Shares ETF Approval as Bullish Wyckoff Pattern Sparks Major Breakout Hopes
XRP surged past $2.25 following the SEC's approval of the 21Shares XRP Spot ETF, coinciding with a bullish Wyckoff reaccumulation pattern.Summary
The SEC has approved the 21Shares XRP Spot ETF (TOXR), which is set to begin trading on the Cboe BZX Exchange on December 1, 2025, with a 0.50% fee. This approval is expected to significantly increase institutional interest, potentially drawing over $1 billion in inflows in its first month, strengthening XRP's market profile.
Technically, XRP has been consolidating for over a year in a Wyckoff reaccumulation pattern, recently testing the $2 support level, which often precedes upward moves. Furthermore, XRP broke out of a Descending Wedge Channel, signaling bullish momentum. Short-term price targets identified by analysts include $2.27, $2.50, and $3.00, provided key support levels are maintained and Bitcoin's performance remains stable.
At the time of reporting, XRP was trading around $2.62, up 3.03% in 24 hours, with trading volume exceeding $3.55 billion, indicating strong market attention driven by both regulatory milestones and positive technical indicators.
(Source：Brave New Coin)