XRP News Today: XRP's 15% Drop vs. ETF-Driven Optimism: $2.70 in Sight?

XRP (CRYPTO: XRP) has fallen 15% over the past week amid uncertainty surrounding its long-term price trajectory, but analysts and market observers are increasingly optimistic about a potential rebound driven by the imminent launch of spot XRP exchange-traded funds (ETFs). The cryptocurrency currently trades at $2.17, down from recent highs, but a wave of institutional capital tied to new ETFs could catalyze a recovery toward $2.70.

The recent downturn has been exacerbated by whale activity, with Coin Bureau reporting that 200 million XRP tokens were offloaded in the first 48 hours following the debut of spot ETFs. This selling pressure coincided with a $243.05 million net inflow into XRP ETFs as of Nov. 14, per data from SoSoSo. While the outflows temporarily pressured the price, industry watchers argue that the ETFs' institutional-grade structure could stabilize XRP's value over the medium term.

The ETF landscape is evolving quickly with major players like Franklin Templeton, Grayscale, and 21Shares listing XRP ETFs in Depository Trust and Clearing Company's pipeline, with the products described as "pre-launch" and "not yet active". These developments signal growing institutional confidence in XRP's utility, particularly in cross-border payments and stablecoin ecosystems, which Bitget's chief analyst Ryan Lee highlighted as potential drivers for a price surge to $2.75.

The broader crypto market has also seen volatility. Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have fallen 12% and 13.4%, respectively, since reaching recent peaks. Bitcoin trades at $92,976.94, while Ethereum is at $3,069.94. Analysts attribute the decline to macroeconomic factors, including rising interest rates and regulatory scrutiny, but many see the recent dip as a buying opportunity for ETF-linked assets.

Technical indicators also suggest XRP could stabilize. Chart analyst Ali Martinez noted that XRP's ability to hold above $2.15 is critical for maintaining a bullish setup, with a potential rally toward $2.40–$2.70 if institutional adoption accelerates. The price's resilience against whale-driven selling adds to the case for a rebound, as inflows into ETFs continue to outpace outflows.

As the crypto market navigates this period of consolidation, XRP's integration into institutional portfolios could serve as a bellwether for broader adoption. With major ETF providers finalizing their offerings and demand for cross-border liquidity solutions growing, the asset may soon test key resistance levels. Investors, however, are advised to remain cautious as regulatory developments and macroeconomic shifts could still disrupt the upward trajectory.