XRP News Today: XRP ETF Launch Fails to Stem Crypto Market's Bleeding Veins

Bitcoin, Ethereum, and XRP remain under pressure as the cryptocurrency market grapples with sustained selling pressure and institutional outflows, despite key developments in the XRP ecosystem. The launch of the Bitwise XRP ETF on the New York Stock Exchange marks a pivotal moment for the third-largest crypto asset, yet broader market dynamics continue to weigh on investor sentiment.

The Bitwise XRP ETF (ticker: XRP), managed by San Francisco-based Bitwise Asset Management, began trading on November 20, 2025, offering U.S. investors direct exposure to the XRP token. The fund, which holds spot XRP and charges a 0.34% management fee (waived for the first $500 million in assets), underscores growing institutional interest in the asset. XRP, the native token of the XRP Ledger, has processed over four billion transactions since its inception and aims to disrupt the $250 trillion cross-border payments market. Bitwise CIO Matt Hougan highlighted XRP's low-cost infrastructure and 13-year operational track record as key differentiators, particularly in the post-SEC regulatory environment.

However, XRP faces immediate headwinds. Glassnode data reveals that 41.5% of circulating XRP-equivalent-to 26.5 billion tokens-is currently at a realized loss, with profitability metrics hitting levels last seen in late November 2024. The token has fallen 40% from its July peak of $3.65 and trades near $2.15, constrained by profit-taking from long-term holders. CoinGlass data shows XRP futures open interest has collapsed to $3.8 billion, down from $10 billion earlier this year, signaling waning speculative demand.

The broader market context exacerbates XRP's struggles. Bitcoin (BTC) and Ethereum (ETH) have also declined, with BTC hovering near $91,000 and ETH trading below $3,200. Institutional outflows from crypto ETFs remain pronounced: Bitcoin spot ETFs recorded $373 million in outflows on November 19, reducing net assets to $122.29 billion from $170 billion on October 6. Ethereum ETFs similarly faced $74 million in outflows, compounding bearish sentiment.

Technical indicators reinforce the fragile outlook. A "Death Cross" pattern-where the 50-day moving average crosses below the 200-day average-has emerged for both BTC and XRP, traditionally signaling bearish momentum. XRP's Relative Strength Index (RSI) approaches oversold territory, while its price remains below key moving averages, including the 50-day EMA at $2.49 according to technical analysis. Analysts warn that a break below the $2.07–$2.10 support zone could trigger a slide toward $2.00 and potentially $1.90 according to market forecasts.

Despite these challenges, XRP's fundamentals remain intact. Ripple's recent $500 million fundraising, along with strategic acquisitions and partnerships, has bolstered its ecosystem. Meanwhile, early inflows into newly launched XRP ETFs-such as Canary Capital's XRPC ETF, which attracted $278 million- suggest long-term confidence. Santiment data also notes retail capitulation, with wallets holding fewer than 100 XRP selling 1.38% of their balances since early November, a potential precursor to a rebound.

The crypto market's near-term trajectory hinges on whether institutional demand stabilizes and whether XRP's utility-driven narrative gains traction amid regulatory clarity. For now, however, sustained outflows and technical headwinds keep the pressure on Bitcoin, Ethereum, and XRP.