XRP Rally Faces Crucial Test at $2.41 Support Level

XRP prices surged nearly 10% over the past week, reaching a peak of $2.45. However, technical analysts warn that this rally faces a significant test at the crucial $2.41 support level. A failure at this level could trigger a sharp correction back towards the broader macro support zone around $2. The upward momentum is driven by growing expectations for spot XRP exchange-traded fund (ETF) approvals, with potential launch dates as early as November 13th. This optimism is further fueled by Ripple’s recent $500 million funding round at a $40 billion valuation, signaling increased institutional confidence in the XRP ecosystem’s long-term prospects.