XRP News Today: What's Causing XRP Price to Surge Over 12%?
Key TakeawaysXRP price jumped 11.16% to $2.53 amid ETF optimism and U.S. stimulus and shutdown resolutionWhales reduced selling, easing $650 million in outflows, signaling possible market stabilizationResistance zone between $2.60–$2.80 remains key, with $3.00 as a major psychological target XRP Jumps on Stimulus and ETF MomentumXRP price surged 11.16% to trade around $2.53, buoyed by a mix of macro optimism and ETF-related speculation.The rally followed U.S. President Donald Trump’s announcement of a $2,000 stimulus check for most Americans and a bipartisan agreement in the U.S. Senate to end the government shutdown.Additionally, new XRP ETF filings were seen on the Depository Trust & Clearing Corporation (DTCC), triggering a 20-day SEC review countdown and fueling renewed speculative positioning across the crypto market. The DTCC listings included Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares. Nate Geraci, co-founder of the ETF Institute and President of the ETF Store, wrote on X that “government shutdown ending [equals] spot crypto ETF floodgates opening. In meantime, could see first [Securities Act of 1933] spot XRP ETF launch this week.” Technical Indicators: Neutral Momentum, Growing StrengthAccording to the latest oscillator and moving average data, XRP’s technical outlook shows steady recovery signals and emerging bullish momentum:Relative Strength Index (RSI): 53.49, showing neutral momentum with room for further upsideMomentum (10): 0.03457, suggesting upward movement after recent consolidationMACD Level (12, 26): –0.06355, flattening near equilibrium, a potential trend reversal pointSource: TradingViewWhat the moving averages show:The Exponential Moving Average (10) sits at 2.38877, while the Simple Moving Average (10) is 2.36086, both below the current market price — reflecting short-term bullish momentum.The 50-day EMA at 2.56543 and 100-day SMA at 2.80213 form a critical resistance cluster between $2.60–$2.80, aligning with on-chain data showing 1.86 billion XRP held at these levels.Source: TradingView Profit-Taking and Whale Behavior Suggest CautionDespite the surge, on-chain data from Glassnode show profit realization volume rising 240%, from $65M to $220M per day since late September, as long-term holders locked in gains.Meanwhile, Santiment data indicate that whales holding 1M–10M XRP reduced their collective holdings from 7B to 6.23B XRP, offloading around 500,000 tokens over 48 hours.However, the $650 million in recent whale outflows appears to be stabilizing, hinting at reduced selling pressure and a possible bottom formation. What’s Next for XRP: Resistance Challenges and OutlookXRP faces significant hurdles ahead. The $2.60–$2.80 zone represents the 50 and 100-day moving averages and a dense supply cluster, marking the next major test for the bulls.A decisive close above $2.60 could open the path toward $3.00–$3.40, while failure to hold current levels risks a correction back to $2.30.Technical analyst ChartNerd noted that clearing $2.70 resistance would be crucial for XRP to target its seven-year high of $3.66.