XRP News Today: Institutional Confidence Meets Market Uncertainty as XRP ETFs Undergo Key Evaluation

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XRP News Today: Institutional Confidence Meets Market Uncertainty as XRP ETFs Undergo Key Evaluation

Bitget-RWA2025/11/26 01:54

By:Bitget-RWA

- U.S. spot XRP ETFs from Bitwise, 21Shares, Franklin Templeton, and Grayscale mark regulatory progress but face mixed market reactions amid price declines. - XRP dropped 7% below $2 post-launch, driven by whale selling (200M XRP sold in 48 hours) and broader crypto weakness, testing critical support levels. - ETFs aim to bridge traditional and crypto markets with 0.34%-0.5% fees, yet volatility persists as 41.5% of XRP supply now in loss positions. - Analysts highlight $2.195 as a key technical threshold;

The introduction of several spot

XRP

ETFs in the United States has sparked a clash between bullish institutional sentiment and nervousness in the market, as the cryptocurrency’s value hovers near crucial support thresholds. Bitwise and 21Shares have joined the likes of Franklin Templeton and Grayscale in providing regulated investment options for XRP, representing a significant step forward in the asset’s journey toward broader adoption. Yet,

the coin’s recent 7% slide below $2

even after the ETF launches highlights the vulnerability of its short-term outlook, with large holders selling and overall crypto markets showing weakness.

Bitwise’s

XRP ETF

, which started trading on November 20, recorded an impressive $22 million in trading volume on its first day. Meanwhile,

Franklin Templeton’s EZRP and Grayscale’s GXRP are scheduled to debut this week

. These ETFs are designed to connect traditional investors with digital assets, with

management fees between 0.34% and 0.5%

. However, the market’s response has been mixed. While

products like Canary Capital’s XRPC broke records

with $58 million traded on the first day, XRP’s price has had difficulty finding stability,

repeatedly challenging the $2 support area

— a key level for long-term investors.

Glassnode’s on-chain analytics indicate

rising unease among XRP investors

, with 41.5% of the circulating supply now at a loss, the lowest level since late 2024. This underlying weakness is worsened by whale activity:

data shows over 200 million XRP were sold

within two days of the ETF launches, adding to the downward momentum. From a technical perspective, XRP is at a crossroads.

Experts point to two possible outcomes

: if the price rebounds above $2.195, it could rally toward $2.6, but if it falls below $2, it may drop to $1.5. The $3.6 resistance, once a bullish target, now seems far off.

The SEC’s green light for these ETFs has been

celebrated as a regulatory breakthrough

for XRP, potentially paving the way for its recognition as an institutional-grade asset. Still, critics argue that

significant capital inflows might not arrive until 2026

, as financial advisors and pension funds slowly adopt the token. At the same time,

the ETFs’ custody arrangements

— holding XRP in regulated trusts — are intended to address liquidity issues, though their effectiveness against volatility caused by large holders is yet to be proven.

Even with optimism surrounding the ETFs, broader economic conditions and Bitcoin’s movements will play a major role in shaping XRP’s direction.

A rebound in major cryptocurrencies

could boost ETF inflows, but ongoing weakness may dampen their effect.

Market watchers warn

that manipulation remains a concern, given the concentration of XRP among a handful of large investors. Currently, opinions are divided: some traders see the $2 support as a buying window, while others anticipate a further decline

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.