XRP Rebounds amidst Crypto Market Bloodbath
Ripple (XRPUSD) stages a rebound amidst a cryptocurrency market bloodbath spurred by negative investors’ sentiment in digital assets. The altcoin appears to have hit an oversold level, fueling the ‘refueling buying the dip’ sentiment.
XRP price is climbing at the press time, up by 1.04% in the last 24 hours to $1.91. XRP trading volume has declined by approximately 18% to $6.98 billion, with market capitalisation settling at $115.51 billion.
The market is seen bargain hunting, but analysts worry about XRP’s ability to keep the current seller market. The market has expected a significant uptick following a recent ETF approval.
The NYSE approved Grayscale’s XRP ETF on November 22, but the news clashed with a broader crypto sell-off. U.S. spot Bitcoin ETFs saw $1B in outflows the same week, dragging down altcoins like XRP.
While ETF approvals typically boost prices, XRP’s drop reflects contagion risk from Bitcoin’s 30% monthly decline The market, and crypto investors, is looking to weigh how net inflows/outflows for Grayscale’s XRP ETF (Ticker: XRP) will impact prices when trading begins on November 25.
XRP’s daily RSI hit 22.11—its most oversold level since September 2025. The price also touched the lower Bollinger Band ($1.89), a zone that triggered 14-18% rebounds in prior cycles.
Technical analysis of XRP indicates that the $1.90–$2.20 zone is critical support; a break below risks retesting $1.61, the lowest in 2025. #XRP Rebounds amidst Crypto Market Bloodbath
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