XRP Reclaims $2.00 as ETF Demand Turns into an Unexpected Lifeline

XRP claws its way back above $2.00 as steady ETF inflows and a surprisingly stable derivatives market give bulls just enough footing to challenge the broader downtrend.

XRP (XRP-USD) is trading near $2.06 on Monday, clawing its way back from weekend lows and trying to reestablish bullish control even as the broader crypto market struggles for direction. Buyers stepped in aggressively after Sunday’s dip to $1.95, and the tone shifted almost immediately thanks to persistent demand in XRP exchange-traded funds and a derivatives market that looks bruised but stable.

Below the surface, the flows tell the story of where conviction is coming from and why XRP is acting more resiliently than its peers.

ETF Buyers Extend Their Push as Nearly $180 Million Flows In

XRP ETFs continues surprising optimists in a market that has turned cautious everywhere else. Last week, U.S.-listed XRP products pulled in nearly $180 million, building on the $243 million that arrived the week prior.

The latest SoSoValue figures show cumulative inflows climbing toward $423 million, with total net assets sitting at $384 million as of November 21. These are unusually strong numbers for a new altcoin ETF class, especially during a corrective market stretch.

Bitwise’s XRP ETF led Friday’s flows with $11 million in new money. Canary Capital’s XRPC added another $619,000, extending a multi-week trend where institutional buyers quietly accumulate while retail traders hesitate.

This steady pipeline of ETF support is creating a soft floor under XRP and giving bulls the confidence to keep defending the $2.00 level.

Derivatives Traders Hold Their Ground as Open Interest Stabilizes

The derivatives market isn’t flashing strength, but it isn’t unraveling either. XRP futures Open Interest has held between $3 billion and $4 billion for two straight weeks, a sign that traders aren’t unwinding positions despite the market’s volatility.

CoinGlass data shows OI ticking up to $3.61 billion on Monday from $3.28 billion the day before. Stability matters here. Rising OI in a down market means traders are willing to lean into risk again rather than flee. A sustained crawl higher in OI would likely act as the next tailwind for sentiment.

XRP Holds Its Line at $2.00 While Indicators Hint at a Tug-of-War

Price action reflects the same resilience. XRP is hovering near $2.06, supported by a gradually rising RSI on the daily chart. The indicator sits around 39, suggesting bearish momentum is fading while buyers begin to step forward.

A daily close above $2.00 strengthens the bullish case and opens the door for another attempt at $2.24. Clearing that level could invite a push toward the 50-day EMA at $2.38 and eventually the 200-day EMA at $2.52.

But the MACD remains on a sell signal from November 16. Red histogram bars below the zero line confirm that downside pressure still exists. If $2.00 breaks cleanly, momentum could swing the other way with a slide toward $1.82. The next major shift happens when the MACD line flips above the signal line, which is the first sign that bulls are regaining the advantage.

At the time of writing, XRP is sitting at $2.0616.