21Shares Spot XRP ETF Approved by Cboe BZX; XRP Price Struggles Despite Bullish Long-Term Forecast

The cryptocurrency landscape saw a significant development as the Cboe BZX Exchange officially approved the listing and registration of the 21Shares Spot XRP ETF on December 10, 2025. This move, detailed in a filing to the U.S. Securities and Exchange Commission (SEC), clears the ETF for launch once the SEC issues its final notice, which analysts expect could happen as early as tomorrow.

• This approval adds 21Shares to a growing list of XRP ETF issuers, including Rex Osprey, Canary Capital, Franklin Templeton, Bitwise, Grayscale, and futures providers like Volatility Shares and ProShares.

Price Action and Technical Analysis

Despite the surge in ETF momentum, XRP’s price is currently under pressure, trading near $2 and failing to break out of a multi-week downtrend.

• Support: XRP is moving within a primary support range of $2.00–$2.25, with lower support levels at $1.94 and $1.82.
• Resistance: Key resistance remains near $2.20.
• Short-Term Outlook: The market remains choppy. While the weekly chart shows a larger, long-standing bearish divergence, the daily chart exhibits a smaller bullish divergence helping the price stabilize and move sideways rather than falling sharply.
• Analysts predict XRP will likely track Bitcoin’s movements in the near term, trading sideways until a major catalyst emerges. A confirmed breakout above $2.20 is needed to trigger a stronger upside move.

Analyst Predicts Massive Long-Term Upside

Despite the short-term struggles, crypto analyst Javon Marks is highly bullish on XRP’s long-term potential.

• Marks pointed to XRP’s history of significantly outperforming Bitcoin during strong market cycles, citing a previous run where XRP outperformed BTC by over 240%, resulting in a 570% price surge for XRP.
• Marks now projects that XRP could outperform Bitcoin by more than 600%, suggesting a potential long-term price target over $14 per XRP if this historical pattern repeats.