XRP Poised for Breakout: Spot ETF Could Propel Price to $3

The approval of a spot ETF for XRP could become the catalyst that ignites the next major bullish wave. Despite the current market correction, investors remain optimistic and are closely watching key regulatory signals from the U.S.

XRP Holds Near $2.4 Amid Market Downturn On November 3, XRP was trading around $2.40, as the broader crypto market suffered a sell-off worth nearly $395 million. This decline prompted investors to take a cautious stance, though expectations surrounding spot ETF approval continue to fuel optimism. Bitcoin dropped below $108,000, while Ethereum and Solana recorded similar losses. Yet, experts believe that potential ETF approval could push XRP back into a bullish phase — targeting the $3 mark.

Spot XRP ETF Expected Within Two Weeks According to ETF Store analyst Nate Geraci, the XRP spot ETF could be launched within two weeks, marking a major milestone not only for Ripple but for the entire cryptocurrency industry. Geraci called the potential approval “the final nail in the coffin” for regulatory resistance to crypto. The ETF would allow investors to gain direct exposure to XRP, rather than through derivatives, making it especially attractive for traditional market participants. After the SEC’s approval of spot Bitcoin and Ethereum ETFs, XRP’s inclusion is now widely expected.

Pending applicants include Grayscale, Bitwise, and Canary Capital, with the latter aiming to launch its fund on November 13.

Technical Outlook: The Road Back to $3 On the four-hour chart, XRP faces resistance around $2.70 and strong support at $2.40. The RSI has dropped to 34.8, indicating that the token is oversold and may be ready for a rebound. While the MACD remains slightly bearish, bulls could regain control if XRP stays above $2.40.

✅ A breakout above $2.70 could trigger a 24% rally toward $3.00,

❌ while a drop below $2.40 could lead to further declines toward $2.20.

Summary The approval of a spot XRP ETF could mark a turning point, restoring Ripple’s prominence among investors.

If market sentiment improves and the regulatory environment becomes clearer, XRP could once again challenge the $3 level, potentially becoming one of the most exciting assets of the final quarter of the year.

#xrp , #Ripple , #etf , #SEC , #CryptoNews

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