Key Takeaways
- XRP eyes $3 as ETF buzz grows and Clarity Act boosts confidence. Aljarrah says “real liquidity takes over” with global adoption in sight.
- With ETF approval expected mid-Nov, XRP hits $2.55 amid rising outflows and a regulatory pivot that may unlock institutional inflows.
- XRP’s decentralized design meets Clarity Act standards, setting the stage for IMF, banks, and nations to use it in cross-border payments.
XRP price forecast momentum is building as the U.S. legislative landscape begins to provide long-awaited clarity for digital assets. With the passage of the Genius Act and the anticipated Clarity Act, institutional and sovereign actors are now positioned to assess decentralized cryptocurrencies like XRP with more legal certainty.
Versan Aljarrah, founder of Black Swan Capitalist, argues that Ripple’s separation from XRP and its global validator ecosystem meet the decentralized definition laid out in the Clarity Act. This could formally position XRP as a digital commodity rather than a security, removing long-standing legal friction and opening the door to large-scale adoption.
The proposed framework aligns with what many financial institutions require before adopting blockchain technology for cross-border settlement. Aljarrah notes, “Once this framework is implemented, the Clarity Act will clear the path for institutions, nations, and the IMF to adopt it.”
This perspective marks a broader shift from speculation to utility. XRP, already integrated into RippleNet corridors across Asia and LATAM, offers sub-second settlements and negligible fees — key attributes for liquidity-focused institutions.
Technical Indicators and ETF Speculation Drive Market Focus
XRP is currently trading at $2.55, holding just below a key resistance band at $2.60–$2.72. This zone has capped price advances since October. The price action has compressed into a descending triangle on the daily chart, a pattern that often leads to breakdowns. However, a 12-hour falling wedge—typically bullish—offers a conflicting signal, suggesting the potential for a breakout on a close above $2.69.
Momentum remains neutral. The Relative Strength Index (RSI) is at 48, with no confirmation of a bullish reversal. Candlestick patterns, including alternating Doji and spinning tops, signal market indecision. Yet the 50-day EMA continues to resist any breakout attempts.
Glassnode data reveals a bullish tilt in on-chain behavior. XRP exchange outflows rose 11.4% from October 30 to November 1, reaching –965 million XRP.
Key accumulation clusters sit at $2.52–$2.54, known as the “glory zone,” while another buying pocket is identified between $2.80–$2.82. Breaking above the first could quickly push XRP into the second.
Canary Capital’s ETF Filing Adds Fuel to XRP Surge Potential
The pending spot XRP ETF from Canary Capital remains a market wildcard. With regulatory delays withdrawn, traders expect a mid-November decision. If approved, XRP could mirror Bitcoin’s January 2024 ETF launch pattern: a 20–30% surge followed by a consolidation phase.
Aljarrah views this development as more than a temporary price driver. In his outlook, the ETF — combined with policy clarity — will “transform XRP’s role from speculative asset to real-time liquidity rail.”
Macro factors, including a steady DXY at 105.6 and 10-year yields at 4.35%, currently restrain bullish breakouts across crypto. Yet XRP’s week-over-week decline of only 0.4%, compared to Bitcoin and Ethereum’s 1% drops, signals relative strength and sustained accumulation despite broader uncertainty.
