XRP News Today: Can XRP ETF Drive Recovery or Will Weak Demand Sink the Token?

XRP's price has come under pressure amid a broader risk-off sentiment in the cryptocurrency market, with the token trading near $2.25 as of November 14. The launch of the first U.S. spot XRP ETF, the Canary Capital XRPC ETF, failed to spark a sustained rebound despite a robust debut that generated $58 million in first-day trading volume. Analysts are closely watching whether the ETF's success will translate into renewed demand for XRP or if the token will remain trapped in a bearish technical pattern.

The decline in XRP's price has been exacerbated by weak retail demand and a shrinking "supply in profit" metric. According to Glassnode data, the amount of XRP held at an unrealized profit has fallen to 44 million tokens, a one-year low. This metric reflects a growing wave of unrealized losses among holders, which has further dampened sentiment. However, some analysts argue that the dwindling supply in profit could signal a potential bottoming of the market, as sellers exhaust their positions and buyers step in to accumulate at lower levels.

Derivatives market activity also highlights the token's fragility. Futures open interest (OI) for XRP averaged $3.78 billion as of November 14, up slightly from the previous day but still below the $4.17 billion recorded in early November. Sustained growth in OI is seen as critical for a short-term recovery, as it would indicate increased confidence among traders. Conversely, continued outflows - such as the $9.4 million in spot outflows reported by Coinglass - suggest that investors remain cautious.

The technical outlook for XRP remains bearish. The token is trading below key moving averages, including the 50-day, 100-day, and 200-day EMAs, which cluster between $2.35 and $2.56. A breakdown below the $2.20 support level could trigger a deeper correction toward $2.05 or $1.95, while a rebound above $2.36 would be necessary for bulls to regain control. Intraday analysis shows XRP trapped in a descending channel, with sellers defending the $2.30–$2.35 range and buyers struggling to push higher.

Despite the technical challenges, some market participants see potential in XRP's fundamentals. CreditBlockchain has highlighted the token's role in cloud-based digital asset frameworks, suggesting that infrastructure innovations could drive long-term confidence. Meanwhile, Coinbase Asset Management's Anthony Bassili noted that XRP is "taking all the right steps" but emphasized the need for greater network velocity and liquidity integration to close the gap with top-tier assets like Solana.

The ETF launch has added a layer of complexity to XRP's near-term trajectory. While the XRPC ETF's strong debut signaled institutional interest, derivatives liquidations - nearly $25 million in long positions - indicate ongoing volatility. Analysts caution that the ETF's success may not immediately stabilize XRP, as broader macroeconomic factors and crypto market weakness continue to weigh on sentiment.

Looking ahead, traders will monitor key levels and on-chain activity. A sustained recovery above $2.36 could reignite bullish momentum, while a breakdown below $2.20 would likely accelerate the decline. Additionally, whale movements and ETF inflows will be critical indicators of institutional positioning. With XRP at a pivotal inflection point, the coming weeks will test whether the market can balance its bearish momentum with the potential for a rebound.