XRP Price Prediction: XRP Poised for Breakout Ahead of ETF Approval

• XRP faces strong resistance at $2.62, key for reclaiming bullish momentum.
• Futures open interest above $4B signals sustained speculative engagement and volatility.
• Upcoming November 13 ETF approval could drive institutional inflows and price gains.

XRP is trading near $2.49 as traders weigh its next move ahead of the upcoming ETF launch. After a volatile correction from the $3.10 high, the asset is now attempting to regain traction. Market data suggests cautious optimism as buyers look to defend key Fibonacci support zones while anticipating a possible breakout fueled by institutional catalysts.

Price Structure and Key Levels

The token recently rebounded from the $1.58 base and reached the 0.5 Fibonacci level at $2.34. However, consolidation followed, keeping the price confined between $2.16 and $2.62. The 50-, 100-, and 200-EMA cluster continues to weigh on mom…

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