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XRP Tests Key 20EMA Support as 1.8B XRP at $1.75 Provides Backing

XRP is testing the 20EMA support, with 1.8 billion tokens at $1.75 forming a strong backing.

XRP is currently at a pivotal point, engaging with the monthly 20-day Exponential Moving Average (20EMA), while recent on-chain analysis reveals that 1.8 billion XRP were acquired around the $1.75 mark, establishing a robust support cluster. This scenario could influence short-term market dynamics, although the final outcome remains dependent on the broader market environment.

As of November 22, 2025, XRP is trading at approximately $1.95, indicating a slight recovery from recent lows that hovered near $1.83. Analysis from TradingView”s Ali Martinez suggests that the current proximity to the monthly 20EMA is crucial. Historically, this level has been a significant pivot point, influencing whether bullish trends can sustain.

For XRP bulls, the critical observation is whether the monthly 20EMA holds. A sustained position above this average may lead to tests of resistance in the range of $2.20 to $2.30. However, given the current oversold RSI signals, traders are advised to implement tight stop-loss strategies and ensure precision in their entries. Martinez points out that previous rebounds around this moving average often preceded phases of consolidation or short-term price recoveries.

The on-chain insights provided by Glassnode reveal that the accumulation of approximately 1.8 billion XRP near the $1.75 level forms a notable support zone. This data, aggregated from various major exchanges and long-term holders, suggests that such clusters can serve as stabilizing forces during periods of heightened selling pressure. Martinez emphasizes that while this accumulation zone may act as support, it does not guarantee a rebound, as broader market conditions must remain favorable.

On November 22, 2025, XRP trades at about $1.95, following a significant downturn in the total cryptocurrency market, which saw a loss exceeding $1.28 trillion in market capitalization according to CoinMarketCap. Historical data indicates that while high-volume acquisition zones typically provide support, they are not foolproof—maintaining a favorable market backdrop is essential.

Recent data from Glassnode indicates a decline in network activity, with daily active addresses plummeting by approximately 91% since mid-June, dropping from over 577,000 to around 50,000. Additionally, the creation of new addresses has also declined by more than 50% in recent weeks. As of November 21, XRP spot ETFs recorded daily inflows of $11.89, totaling $422.66 million with $384.44 million in assets—amounting to about 0.33% of XRP”s market capitalization.

This reduced on-chain activity suggests lower speculative engagement in the market, which may contribute to increased short-term price volatility. Whale distribution data from CryptoQuant indicates that wallets holding between 1 and 10 million XRP sold an estimated 1.58 billion tokens over the last two months, including a notable 190 million in just 48 hours, applying significant sell-side pressure.

Despite these challenges, institutional inflows appear resilient. Canary Capital“s XRP ETF (XRPC) reported net inflows of $292.6 million since mid-November, while Bitwise“s XRP product added another $105 million, according to ETF provider filings. Martinez observes that steady demand from ETFs may help offset declining retail liquidity, creating a mixed flow environment that could stabilize prices.

The daily chart for XRP has recently registered a TD Sequential “9” buy signal, a technical indicator developed by Tom DeMark that typically identifies potential exhaustion points following prolonged declines. Previous instances of this signal led to rebounds of 14% and 18%. Martinez notes, “The last two TD “9” signals led to 14% and 18% rebounds, but outcomes are always conditional on concurrent market dynamics.” Currently, XRP dipped to around $1.85 before recovering toward $1.95, leaving a long lower wick that indicates buyer interest at these levels.

Traders should therefore focus on maintaining positions above the monthly 20EMA, as this is essential for evaluating medium-term price trajectories for XRP. If this support holds, XRP could potentially target resistance levels around $2.20 to $2.30, where the monthly 10EMA is positioned as the next resistance threshold.

Given the interplay of historical accumulation at $1.75, TD Sequential signals, and ongoing institutional inflows, there”s potential for a multi-week relief rally—but this is contingent on stable macro and crypto market sentiment.

Historically, XRP has displayed similar behavior around EMAs and accumulation clusters. During a market correction in 2023, a concentrated support zone near $0.65 resulted in a 30% rebound over three weeks. Conversely, TD Sequential signals did not reverse trends during severe market downturns in late 2022, highlighting the importance of scenario-based interpretation over certainty.

In conclusion, the immediate trajectory for XRP hinges on its ability to sustain support at the monthly 20EMA and the prevailing market conditions. As of the latest update, XRP trades at approximately $1.91, reflecting a 1.14% decline over the past 24 hours. A sustained hold above this level could facilitate a technical rebound towards mid-$2 prices, whereas a breach below $1.75 may lead to deeper retracements. Traders are encouraged to adopt a scenario-based analytical approach, integrating technical, on-chain, and institutional signals to navigate potential volatility effectively.

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