XRP rises 5% after Trump signs shutdown bill

The price of

The surge coincided with a rise in the broader cryptocurrency market, with the space rising more than 1% to a market capitalization of $3.6 trillion.

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

🚨Breaking News: Trump signs the bill. The longest lockdown in U.S. history is over. 🇺🇸

The government is back to work. 🇺🇸
The market reacts quickly and stability finally returns. 📈 pic.twitter.com/ZiydZCIHbt

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

Healthcare funding was one of the specific reasons the bill was halted. Democrats tried to increase their approval ratings, and Republicans tried to fix the problem after the bill was passed.

But after signing the bill, President Trump said he was willing to work with Democrats to address these issues. In the past, financial markets rallied significantly due to the reopening of the U.S. government.

Nasdaq Certifies Canary Capital’s Spot XRP ETF

In a related development, Nasdaq has authorized the first U.S. spot XRP exchange-traded fund (ETF) to launch at the opening of the U.S. markets on Thursday.

The Canary Capital Spot XRP ETF (XRPC) is scheduled to launch at 5:30 PM ET after Nasdaq approves the product for launch.

This approval confirms the first U.S. XRP ETF and marks one of the fastest accelerations through the SEC’s 8-A Automated Efficiency Process.

🚨 🚨 Breaking News:

Nasdaq has approved the listing of the Canary Capital Spot XRP ETF (XRPC), giving the fund regulated exposure to the XRP market managed by Gemini and BitGo. 📃 🪙 💰 🇺🇸

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

— Kenny Nguyen (@mrnguyen007) November 12, 2025

The ETF manages XRP through Gemini Trust Company and BitGo Trust Company.

This move could spark a rise in the price of XRP by opening up the cryptocurrency to new investors.

XRP Price to Breakout

After stabilizing within the $2.0 range from April to July, XRP price There was a huge push from the bulls and it surged to around the $3.64 resistance level.

This resistance caused the Ripple token price to fall as sellers began to take profits following the parabolic rally.

After touching the $2.16 support zone, XRP reversed to the current level on the daily chart. XRP is currently consolidating around $2.45.

Despite the surge, XRP is still trading below its 50-day simple moving average (SMA) ($2.57) and 200-day SMA ($2.63), which currently acts as a strong resistance area.

Meanwhile, the Relative Strength Index (RSI) is recovering below the 50 center line, currently at 51 levels, indicating increasing buying pressure.

The moving average convergence divergence (MACD) also turned positive as momentum strengthened, with the blue MACD line crossing above the orange signal line.

Ripple Token Price Prediction: Bulls Eye Price Above $3

XRP is currently trading around $2.49 after testing resistance and gaining 5% on the day.

The predominantly bullish pattern hints at a potential breakout if the Ripple token’s momentum strengthens above $2.58-$2.63, in line with its 50-day and 200-day SMAs.

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

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

$XRP Support can be found at $2. pic.twitter.com/ofEGOMV0XD

— Ali (@ali_charts) November 13, 2025

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