XRP Tests Lower Bollinger Band Support at $2.15 as RLUSD Pilot Momentum Fades
The post XRP Tests Lower Bollinger Band Support at $2.15 as RLUSD Pilot Momentum Fades appeared on BitcoinEthereumNews.com.
Felix Pinkston
Nov 20, 2025 06:10
Ripple trades at $2.15 near technical support levels as recent gains from the RLUSD stablecoin pilot launch show signs of consolidation in broader crypto market.
Quick Take • XRP trading at $2.15 (up 0.2% in 24h) • Price consolidating after 4.9% surge from RLUSD stablecoin pilot announcement • Testing lower Bollinger Band support at $2.06 level • Following Bitcoin’s modest gains amid mixed traditional market signals Market Events Driving Ripple Price Movement The XRP price has entered a consolidation phase following last week’s significant momentum from two key catalysts. The most impactful recent development was Ripple’s partnership with Mastercard to launch a stablecoin settlement pilot using RLUSD on the XRP Ledger, announced November 6th, which drove XRP price up 4.9% to $2.35. This was followed by a broader cryptocurrency market rally on November 13th that lifted XRP an additional 5.1% as 19 out of 20 major digital assets posted gains. However, the initial excitement from these developments appears to be waning as XRP price has retreated from recent highs. The lack of follow-up news regarding the RLUSD pilot’s expansion or additional enterprise partnerships has left traders focusing primarily on technical factors. Current trading suggests institutional interest may be cooling as the 24-hour volume of $500.6 million on Binance represents a decrease from the elevated levels seen during last week’s rallies. The broader cryptocurrency market’s influence remains significant, with XRP continuing to trade in correlation with Bitcoin’s movements despite the Ripple-specific news catalysts. XRP Technical Analysis: Approaching Critical Support Zone Price Action Context The XRP price currently sits below all major moving averages, with the asset trading at $2.15 compared to the 20-day SMA at $2.30 and the 50-day SMA at $2.48. This positioning below key moving…
Filed under: News - @ November 21, 2025 4:26 am