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XRP News Update: XRP ETF Buzz vs. Death Cross: Can the $1.75 Support Level Remain Intact?

XRP News Update: XRP ETF Buzz vs. Death Cross: Can the $1.75 Support Level Remain Intact?

Bitget-RWA2025/11/23 08:44
By:Bitget-RWA

- XRP faces critical junctures near $2.14 as Grayscale's spot ETF (GXRP) launch looms, with $1.75 support level pivotal for short-term stability. - A death cross pattern raises bearish concerns, suggesting potential 55% price drop to $1 if technical indicators fail to hold. - Institutional crypto products like Leverage Shares' 3x ETFs and 1inch's liquidity pools highlight growing institutional interest amid market volatility. - DeFi struggles with $12B idle capital while projects like Mutuum Finance aim to

XRP's price movement has captured the attention of both traders and analysts, as mixed signals appear ahead of Grayscale’s expected spot

ETF debut. The cryptocurrency, now hovering around $2.14, is approaching significant technical thresholds that may shape its short-term path.
XRP News Update: XRP ETF Buzz vs. Death Cross: Can the $1.75 Support Level Remain Intact? image 0
A crucial support at $1.75 is being closely watched, with some market experts suggesting it could help steady the price and spark a recovery. “Should XRP remain above this zone, it could present a buying window at $1.90 before aiming for higher targets,” stated Ali Martinez, . On the other hand, — where the 50-day EMA dipped below the 200-day EMA — has caused concern among bearish traders, who foresee a possible 55% slide to $1.

The upcoming launch of Grayscale’s spot XRP ETF (GXRP) on Monday introduces further unpredictability.

could boost bullish sentiment and draw institutional capital if initial interest is strong. This positive outlook is reinforced by the token’s resemblance to historical trends noted by traders. For example, previously identified by Martinez has emerged as a possible springboard for a surge toward $6 under favorable circumstances. Still, — including a 21% fall in and a 26% drop in this month — could temper optimism.

Ethereum investors are also preparing for increased leveraged trading as Leverage Shares gets ready to introduce 3x long and short ETFs for both BTC and

in the European market. These offerings, launching on the SIX Exchange next week, will give European traders enhanced access to crypto’s price volatility . This step follows similar initiatives by Defiance Investments in the U.S., reflecting a rising institutional appetite for leveraged crypto products despite the dangers of rapid liquidations during sharp market moves.

At the same time, DeFi continues to grapple with liquidity issues, with $12 billion in unused funds spread across various protocols.

by allowing pooled capital without giving up user control. The project highlights the ongoing challenge in DeFi to achieve both efficiency and security, especially after .

The trending “apeing whitelist” craze has also brought attention to platforms such as Mutuum Finance. With Halborn Security currently auditing its smart contracts, the team

on the Sepolia testnet by the fourth quarter of 2025. These advancements illustrate the convergence of retail enthusiasm and institutional endorsement in crypto, where rapid expansion often invites increased scrutiny.

As participants in XRP and Ethereum markets contend with these shifting factors, the next few weeks will reveal whether technical strength, ETF introductions, and institutional progress can offset the prevailing bearish sentiment in the sector.

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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.

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