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XRP Price News: Pulls Back From $2.27 Peak Yet Maintains Uptrend Structure Above $2.15

XRP's price recently retreated from a peak of $2.27 to $2.16, slipping below crucial support levels. Despite this decline, it holds an uptrend structure above the pivotal $2.15 mark. The price action indicates strong institutional interest with numerous XRP ETFs launched in November, surging to over $245 million in inflows during their first week. Yet, trading activity is waning, with retail enthusiasm diminishing and the broader crypto market experiencing volatility, particularly as Bitcoin faces a Death Cross event. XRP's trading volume surged 54.56% above monthly averages as prices fell, leading to both a rapid decline and recovery attempt around the $2.15 to $2.17 zone. The lack of a follow-through on recoveries suggests a bearish sentiment, as momentum indicators remain weak. Key observations for traders point to the importance of the $2.15 level for potential bounce back towards $2.28, with a decisive move below it opening the door for further drop towards $1.98. Future price action will likely rely on Bitcoin's stability and any upcoming developments concerning ETF launches.

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Kraken Scores $800M Raise Backed by $200M Citadel Investment

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