XRP News Today: Despite ETF Hype, XRP and Dogecoin Plunge as Institutional Interest Fades

XRP and Dogecoin prices have plunged amid intensifying selling pressure, with both cryptocurrencies failing to capitalize on recent ETF launches that initially spurred gains. XRP, which briefly rebounded to $2.25 after two new exchange-traded funds (ETFs) debuted on NYSE Arca in mid-November, has since collapsed below critical support levels. The token now trades near $2.00, having lost 15% from a month ago despite a 50% annual surge. Meanwhile, Dogecoin (DOGE) fell nearly 9% to $0.137 after breaching a key support zone at $0.1495, triggering a high-volume selloff that overshadowed meager ETF inflows. Analysts attribute the downturn to fading institutional interest, tightening liquidity, and broader crypto market weakness.

The ETF-driven optimism for XRP was short-lived. While Franklin Templeton's XRPZ and Grayscale's GXRP attracted $2.16 million in combined inflows, the figures paled compared to expectations for institutional adoption. CoinDesk data highlights that XRP's Open Interest on Binance has plummeted to its lowest level since November 2024, signaling a collapse in speculative positioning. Technical indicators further underscore bearish momentum: XRP's 50-day and 100-day moving averages now slope downward, and its price remains below the 200-day average. Analyst Mikybull Crypto noted earlier bullish on-balance volume signals, but recent volume profiles suggest capitulation rather than accumulation.

Dogecoin's struggles reflect a broader narrative of underperformance. Despite Grayscale and Bitwise launching DOGE ETFs, the products drew only $2.16 million in initial inflows, far below projections for institutional demand. The token's technical breakdown below $0.1495-its primary support since October-has left it in a

. Immediate resistance at $0.1383 failing to spark a rebound. Coindesk's analysis warns that without a decisive recovery above $0.1495, the bearish trend is likely to persist.

Market-wide factors exacerbate the selloff. Bitcoin's slide toward multi-month lows and a risk-off sentiment have amplified crypto volatility. Binance, Hyperliquid, and Bybit reported over $160 million in liquidations each during the recent downturn, with long positions accounting for 90% of the total. The lack of fresh liquidity and negative funding rates in derivatives markets suggest short sellers dominate, according to CryptoQuant's Arab Chain report.

Despite the gloom, some analysts remain cautiously optimistic. XRP's history of rebounding from the $2.00 support zone offers hope for a potential rally toward the $2.60 midpoint of its price channel. However, without sustained buying pressure or institutional re-entry, the path to recovery remains uncertain. Dogecoin, meanwhile, faces a steeper uphill battle, with its technical structure in disarray and no clear catalyst for a reversal.