XRP’s Critical Battle at the $2.15 Support Level

XRP finds itself in a precarious position as the digital asset struggles to maintain its footing above the crucial $2.15 threshold. Despite overwhelmingly positive fundamental developments, including landmark ETF approvals and substantial institutional investment, the token's price action tells a concerning story that continues to puzzle market participants.

Chart analysis reveals XRP has become trapped within a bearish pennant formation, oscillating between support at $2.155 and a descending resistance level at $2.18. This pattern typically signals an impending continuation of the downward trend. The recent breakdown below the significant $2.20 support level saw prices retreat from $2.27 to the current $2.16, adding to negative sentiment.

However, several metrics suggest potential for reversal. According to Santiment's MVRV indicator model, XRP may have entered a "buy zone" historically associated with rapid recoveries. Investors who purchased within the past 30 days are currently facing average losses of 10.2%, a condition that frequently precedes upward movements. Additionally, futures trading volume exploded by over 200% to reach $12.4 billion, indicating sustained market interest despite price weakness.

ETF Approvals Fail to Generate Sustained Momentum

The institutional landscape for XRP appears stronger than ever following November 2025's landmark ETF introductions. Franklin Templeton's EZRP ETF and Canary Capital's XRPC product collectively attracted over $245 million in their inaugural week, demonstrating clear institutional demand. Surprisingly, this substantial capital inflow failed to produce the anticipated price appreciation.

Should investors sell immediately? Or is it worth buying XRP?

More concerning is the 55% decline in ETF trading volumes from their peak levels. The current institutional appetite appears insufficient to counteract broader cryptocurrency market pressures. Bitcoin's ongoing volatility and potential "Death Cross" formation continue to exert downward pressure across the altcoin sector, including XRP.

Fundamental Strength Versus Market Reality

From a fundamental perspective, XRP's position seems exceptionally strong. The August 2025 $125 million settlement with the SEC effectively eliminated the token's most significant regulatory overhang. The resolution paved the way for XRP to reclaim its position as the third-largest cryptocurrency by market capitalization.

The critical question facing investors is whether XRP can decouple from Bitcoin's influence and translate its institutional potential into tangible price appreciation. The coming days will prove decisive—maintaining the $2.15 support could enable a rebound toward the $2.28-$2.30 range, while a breakdown would likely trigger accelerated selling toward the next major support at $1.98.