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The XRP price slumped 3% in the past 24 hours to trade at $2.01 as of 3:40 a.m. EST on a 4% surge in trading volume to $4.15 billion.
The Ripple token’s price has slipped as the fifth XRP ETF (exchange-traded fund) moved closer to launch with the Cboe approving 21Shares’ new product to trade under the ticker TOXR.
The approval, disclosed in an SEC filing, still carries a “delaying amendment,” suggesting the fund awaits final SEC clearance.
BREAKING: 🇺🇸 @21shares $XRP ETF Approved By The CBOE Under Ticker TOXR! 🙌 pic.twitter.com/vT9PdPCPD1
— Good Evening Crypto (@AbsGMCrypto) December 10, 2025
The 21Shares TOXR fund will charge an annual sponsor fee of 0.3%. Ripple seeded the fund with 100 million XRP, valued at approximately $226 million, with creation and redemption allowed via in-kind XRP transfers or cash settlements.
US spot XRP ETFs collectively accumulated nearly $954 million in inflows in under a month, making XRP the fastest-growing crypto ETFs, according to Ripple CEO Brad Garlinghouse. Despite turbulent trading conditions, the funds have yet to reported net outflows.
👀<4 weeks, and XRP is now the fastest crypto Spot ETF to reach $1B in AUM (since ETH) in the US.
With over 40 crypto ETFs launched this year in the US alone, a few points are obvious to me:
1/ there’s pent up demand for regulated crypto products, and with Vanguard opening up…
— Brad Garlinghouse (@bgarlinghouse) December 8, 2025
Meanwhile, the XRP’s network activity shows a strong connection with price movements. The number of active addresses (green bars) tends to spike during major rallies and drop during consolidation phases. Historically, big increases in addresses happened in early 2018, mid-2020, and late 2024, each coinciding with notable price gains.
Periods with low activity often matched price stagnation or declines, showing reduced user engagement. Recently, active addresses have remained higher than usual, signaling continued interest in the network. Analysts suggest that if this level of activity continues, it could support the price and indicate healthy adoption.
XRP Bearish Trend Continues, Short-Term Relief Rally Possible
XRP has been in a steady downtrend since mid-November 2025 and is currently trading around $2.01. The price recently tested the 200-period SMA near $1.80, which acts as strong long-term support.
The 50-period SMA sits above the price at $2.72, confirming the medium-term bearish trend. Any upside recovery may face resistance at the 50-period SMA and the upper Bollinger Band near $2.49.
XRP is trading near the lower Bollinger Band at $1.88, suggesting it is oversold. Historically, prices often move back toward the middle band, indicating a possible short-term bounce toward $2.19, close to the 14-period SMA. However, the wide Bollinger Bands signal elevated volatility, meaning any rebound could be limited if selling pressure continues.
The RSI stands at 36.78, slightly below neutral, showing oversold conditions but leaving room for further declines. A break below $1.89 could push XRP toward the next major support at $1.73, the 0.618 Fibonacci retracement of the recent rally from $1.73 to $2.93. On the upside, a successful bounce above $2.20 could attract buyers toward the 0.382 and 0.5 Fibonacci levels at $2.37 and $2.48.
XRPUSDT Chart Analysis Source: Tradingview
Volume remains stable around $280 million, showing no signs of panic selling or strong accumulation. Traders should remain cautious, as XRP is trading in a bearish consolidation zone where false breakouts are possible.
Swing traders may look for a reversal confirmation through a break above $2.37 or a sustained hold above the 200-period SMA, while failure to defend $1.89 could accelerate the decline toward $1.73 and possibly the psychological support near $1.60.
XRP remains bearish in the medium term, but short-term oversold conditions suggest a potential relief rally. Key levels to monitor include resistance at $2.20–$2.48 and support at $1.89–$1.73. Traders should watch volume and RSI for signs of trend exhaustion or continuation before entering new positions.
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