Bitcoin News Today: XRP ETFs Attract Inflows as Price Plummets Near $2 Amid Bitcoin Exodus

Bitcoin's sharp decline below $90,000 has triggered a cascade of institutional outflows and volatility across crypto markets, with XRP clinging to the $2 support level amid mixed signals from newly launched ETFs. The U.S. spot Bitcoin ETFs saw $866.7 million in net outflows on Nov. 13, the second-largest single-day redemption since their January 2024 debut, as macroeconomic uncertainty and profit-taking accelerated the sell-off. Bitcoin's drop to $94,890.52 marked its lowest level since early May 2025, while XRP, despite a 4.3% decline, has avoided breaking critical support zones.

The market turbulence reflects a broader de-risking trend. Total redemptions from Bitcoin ETFs over three weeks reached $2.6 billion, with Grayscale's Bitcoin Mini Trust and BlackRock's IBIT leading the exodus according to reports. Harvard University's $443 million investment in BlackRock's IBIT, a rare institutional bet on Bitcoin, contrasts with the broader flight to cash and gold. Meanwhile, the first U.S. spot XRP ETF (XRPC) debuted with $58.6 million in inflows, yet XRP's price remains under pressure, trading near $2.22 as derivatives markets signal ongoing stress according to data.

Technical analysis highlights XRP's fragile position. While it has held the $2.00 level, indicators like the Stochastic RSI show extreme oversold conditions without a clear reversal. Analysts warn that a breakdown below $2.00 could open the door to further declines toward $1.80–$1.72, particularly if Bitcoin's slide continues. On-chain data adds to the concern: 41.5% of XRP's circulating supply is currently at an unrealized loss, with recent buyers - the most exposed - risking forced selling if downward momentum intensifies.

The XRPC ETF's launch has not yet stabilized sentiment. While some predict XRP could reach $10–$20 by 2027, others note conflicting institutional flows: ETF inflows coexist with broader market weakness, as seen in $28 million in XRP liquidations within 24 hours according to reports. Harvard's Bitcoin investment and Alibaba's adoption of JPMorgan's blockchain for tokenized payments underscores crypto's evolving role in institutional finance, but these developments have yet to offset macro-driven selling.

Bitcoin's technical outlook remains bearish. It now trades below key moving averages, with the RSI near oversold territory. If it fails to reclaim the $94,253 support level, further declines toward $90,000 are likely. Ethereum and other altcoins have followed similar trajectories, with ETH hovering near $3,100 and XRP's 50-day EMA acting as a near-term hurdle.

Market participants are divided on whether the current selloff signals capitulation or a prolonged consolidation phase. The $866 million in Bitcoin ETF redemptions, while significant, represent just 3% of total assets under management according to data, suggesting structural integrity in the ETF framework. However, the broader crypto Fear & Greed Index has plummeted to 10 - the lowest since late February, reflecting extreme pessimism.