XRP News Today: XRP ETFs Attract $58M Inflows Amid Price Volatility, Raising Questions

XRP is showing early signs of a potential macro shift as expanding technical patterns align with ETF-driven inflows, despite broader market volatility. The Canary Capital XRP ETF (XRPC) has emerged as a key catalyst, logging $26.5 million in trading volume and $13 million in net inflows on its fifth day since launching on Nov. 13. This momentum contrasts with Bitcoin ETF outflows, which saw BlackRock's iShares Bitcoin Trust bleed $523 million in a single day - the largest outflow since its debut. Analysts suggest capital rotation from Bitcoin to altcoin ETFs may be gaining traction, though XRP's price remains under pressure, trading at $2.12 as of press time, down 1.06% in 24 hours.

Technical indicators paint a mixed picture. XRP has stabilized near critical support levels, with Santiment noting the asset entered a "good buy" zone based on the MVRV indicator. Active wallets show a 10.2% decline over 30 days, signaling potential undervaluation. Meanwhile, institutional activity intensifies: Franklin Templeton and Bitwise are set to launch XRP ETFs on Nov. 18 and 20, respectively. Early inflows into Canary's XRPC - $58 million on day one - have fueled speculation about whether XRP can replicate the success of Solana ETFs. However, historical data reveals ETF launches yield varied outcomes, with some triggering short-term volatility and others fading into irrelevance.

On-chain metrics highlight growing tension. Glassnode's NUPL chart shows long-term holders shifting from "belief" to "anxiety" as prices test the $2 support level. Traders are split on whether this signals a bottom or deeper caution. Technical analysts identify two scenarios: a rebound toward $2.6 if support holds, or a slide toward $1.5 if the breakdown occurs. Expanding diagonal patterns and a descending channel suggest XRP could break out toward $3.4–$3.5 if bulls regain control.

Institutional confidence remains a wildcard. A $15.82 million ETF inflow on Nov. 21 reflects continued accumulation despite price dips. Large whale positions - 132 million XRP held - indicate high conviction, though outflows of $181.53 million on Nov. 24 raise concerns about weakening support. Ripple's proposed staking overhaul, outlined by CTO David Schwartz, adds uncertainty. While technically viable, the changes remain long-term concepts and may not address immediate liquidity challenges.

The broader macro environment complicates prospects. Bitcoin's recovery toward $90,000 could drive liquidity spillovers to altcoins, aiding XRP's stabilization. Conversely, persistent weakness in large-cap cryptos may limit follow-through. With XRPC and other ETFs attracting attention, the coming weeks will test whether institutional demand can offset technical fragility. For now, XRP traders remain cautiously optimistic, balancing bullish technical setups against a backdrop of volatile outflows and shifting market sentiment.