XRP Jumps 5% After Trump Signs Bill Ending Shutdown

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The price of XRP has pumped 5% over the past 24 hours to trade at $2.49 as of 2:47 AM EST, with trading volume up 55% to $5.5 billion.

The rise coincided with a rally in the broader cryptocurrency market, which saw the space rise more than 1% to a market cap of $3.60 trillion.

This comes after US President Donald Trump signed the funding bill passed by the House of Representatives on Wednesday, which ended the record 43-day government shutdown.

🚨BREAKING: Trump signed the bill – the longest shutdown in US history is over. 🇺🇸

The government returns to work. 🇺🇸
Markets react quickly, and stability is finally returning. 📈 pic.twitter.com/ZiydZCIHbt

— M.Trades.SOL🇺🇸 (@somaliwhale) November 13, 2025

Health care funding was one particular sticking point for the bill, with Democrats pushing for increased support and Republicans seeking to address the issue after the bill passed.

However, after signing the bill, Trump indicated that he might be willing to work with Democrats to settle these issues. In the past, the resumption of US government work has led to significant rallies in financial markets.

Nasdaq approves Canary Capital’s XRP spot cryptocurrency ETF

In a related development, Nasdaq has certified the first US XRP spot exchange-traded fund (ETF), which will be launched on the US open market on Thursday.

Canary Capital’s XRP ETF (XRPC) will launch at 5:30 PM ET, after Nasdaq cleared the product launch.

The approval puts the final touches on the first U.S.-listed XRP ETF and represents one of the fastest accelerations through the SEC’s 8-A automatic efficacy process.

🚨 🚨 Breaking news:

As Nasdaq has approved the listing of the Canary Capital Spot XRP ETF (XRPC) – the fund provides regulated exposure to the XRP market with Gemini and BitGo sponsoring it. 📃 🪙 💰 🇺🇸

Boom! 🔥 #XRP #RLUSD #XRPETF 💎 💎 💎 💎 💎 💎 💎 💎 💎 💎 pic.twitter.com/vwR2RK3fwq

– Kenny Nguyen (@mrnguyen007) November 12, 2025

The ETF will custody XRP through Gemini Trust Company and BitGo Trust Company.

Such a move could spark a rally in the price of XRP, as it opens up the cryptocurrency to a new group of investors.

XRP price is preparing for a breakout

After consolidating within the $2.0 range from April to July, the price of… Ripple price It saw a massive push from the bulls, as it rose to around the $3.64 resistance level.

This resistance caused the price of the Ripple token to fall, as sellers began to take profits after the parabolic rise.

After touching the $2.16 support area, XRP reversed to the current level on the daily chart. XRP is now consolidated at around $2.45.

Despite the jump, XRP is still trading below the 50-day simple moving average (SMA) ($2.57) and the 200-day SMA ($2.63), levels that are now acting as strong resistance areas.

Meanwhile, the Relative Strength Index (RSI) is recovering from below the 50 mid-line level, which is currently at 51 and rising, indicating that buying pressure is rising.

The Moving Average Convergence Divergence (MACD) indicator has also turned positive, with the blue MACD line crossing above the orange signal line, with momentum rising.

Ripple Token Price Prediction: Bulls Eye Prices Above $3

XRP is currently trading at $2.49, after posting a 5% daily gain while testing resistance.

The pattern, which is mainly bullish, indicates a potential breakout if the Ripple token’s momentum strengthens above $2.58-$2.63, in line with the 50-day and 200-day simple moving averages.

A successful breakout could see the cryptocurrency target $2.78 (0.382 Fib) and possibly $3.23 (0.236 Fib), suggesting a medium-term recovery towards the $3.60 region.

However, failure to hold above $2.45 could lead to the XRP price retesting $2.28 or even $1.92, and the Fibonacci levels of 0.786 and 1.0 respectively. Ali Martinez supports this bearish outlook, and expects the Ripple token price to find support at around $2.