XRP News Today: XRP's ETF Hype vs. Bear Market Gravitation Toward $2.03

XRP's market structure has grown increasingly fragile as 41.5% of its supply remains in a loss position, according to crypto analytics firm Glassnode. The decline has left many investors reeling after a 40% sell-off from its July 2025 peak of $3.66, with analysts warning that further downside risks persist if the altcoin fails to reclaim key support levels. The recent price action has intensified concerns about a potential drop toward $2.03, a level identified by veteran trader CasiTrades as a critical inflection point.

The XRP price has been trading near $2.14 as of press time, down over 40% from its all-time high. Despite the launch of the first spot XRP ETF by Canary Capital on November 13-a record-breaking debut for U.S. ETFs in 2025-the asset has yet to show a sustained recovery. Four additional XRP ETFs from Franklin Templeton, Bitwise, 21Shares, and CoinShares are set to launch in the coming days, but institutional outflows and weak retail demand have dampened immediate optimism. CoinShares reported $15.5 million in outflows from XRP-related products last week, underscoring broader bearish sentiment.

CasiTrades argues that XRP is still within a multi-month bearish structure, with the $2.03 level aligning with a key 0.5 Fibonacci retracement zone. "The move down won't be a straight fall-it will zigzag, but the trend remains intact," she said. The trader emphasized that a break below $2.41 would validate the projection for a drop to $2.03, while a rebound above $2.70 could reignite bullish momentum. Technical indicators also point to bearish bias, with XRP trading below its 50-day, 100-day, and 200-day exponential moving averages (EMAs), all of which now act as resistance.

The market's fragility is compounded by the behavior of late buyers. IG Australia's Tony Sycamore noted that many XRP holders purchased the asset above $3.00 in early 2025, leaving them with significant unrealized losses. "This widespread pain is weighing on sentiment and increasing the risk of forced selling as stop-losses trigger," he said. The situation contrasts with the broader crypto market, where Bitcoin and Ethereum have also faced outflows but remain structurally healthier.

Meanwhile, the upcoming ETF launches could still act as a catalyst for XRP's recovery. Bitwise's XRP ETF, set to debut on the NYSE on November 20, is one of five new funds expected to bring fresh capital into the asset. JPMorgan has projected potential inflows of $4 billion to $8 billion for XRP ETFs in their first year, though the immediate impact remains uncertain.

For now, the market remains in a holding pattern, with investors closely watching whether XRP can stabilize above $2.20-a level that has historically provided support since a flash crash on October 10. A failure to defend this level could accelerate the descent toward $2.03, while a sustained rebound might signal the start of a broader bull run.