XRP News Today: XRP ETFs Attract Millions But Price Stays Trapped in Descent

XRP's price trajectory remains under scrutiny as a wave of spot XRP ETFs launched in the U.S., sparking mixed market reactions. Bitwise and 21Shares debuted their products on Nov. 20 and 21, 2025, joining existing offerings from Canary Capital, Teucrium. These ETFs, which provide regulated exposure to XRP without direct token ownership, have drawn significant institutional interest, with Bitwise's product generating $22 million in trading volume within its first day. However, XRP's price has struggled to break free from a months-long bearish channel, trading near $2.15 as of Nov. 21.

The regulatory green light from the SEC for these ETFs has been a watershed moment for XRP. Bitwise's 0.34% fee-waived for the first $500 million positions it competitively against Franklin Templeton's XRPZ ETF, which charges 0.19% with a waived fee on the first $5 billion until mid-2026 according to reports. Franklin Templeton's launch coincided with an 8% XRP price surge to $2.03, though gains were short-lived as broader crypto markets faltered. Meanwhile, Grayscale's XRP ETF, converting from its trust structure, is slated for a Nov. 25 debut according to updates.

Despite the influx of institutional capital, XRP's price has faced headwinds. On-chain data reveals a 16% weekly decline, with whales offloading 200 million XRP in 48 hours. The token's 24-hour trading volume spiked to $6.12 billion, but its price remains trapped in a descending channel, with key support at $2.10. Analysts attribute the weakness to macroeconomic pressures, including a Bitcoin sell-off that triggered $220 million in liquidations, and structural fragility in XRP's supply, with 41.5% of holdings in a loss.

Technical indicators paint a cautious picture. The On-Balance Volume (OBV) has trended downward since Nov. 12, signaling waning buying momentum. Long-term holders have accelerated sales, with a 48.6% surge in outflows over two days. If XRP fails to reclaim $2.41, the next support level at $2.10 could become a critical battleground. A break below that would expose the $1.77 floor of the descending channel. Conversely, a sustained close above $2.58 could invalidate the bearish setup according to technical analysis.

The ETF landscape for XRP is expanding rapidly. Nine spot and futures-based ETFs now offer U.S. investors access to the asset, with more expected in 2026. While early inflows have outpaced Bitcoin and Ethereum ETFs-Canary's XRPC and Bitwise's XRP ETFs drew $422 million in net inflows since Nov. 14-price performance has lagged. Analysts like Egrag Crypto note XRP's resilience at monthly support levels but caution that institutional adoption may take time to translate into sustained price gains.

Market participants remain split. Some bullish voices, including Ripple engineer hints at future staking features, argue XRP's utility as a global bridge asset could drive long-term demand. Others warn that structural selling by large holders and macroeconomic volatility will keep pressure on the price until 2026.