XRP News Today: XRP ETF Nears Launch as Profit-Taking Tests $2.35 Support

The XRP token, underpinning Ripple's blockchain network, is navigating a volatile market landscape as investors weigh optimism over regulatory clarity against concerns about liquidity and competition. Recent developments, including a potential spot ETF launch, smart contract advancements, and profit-taking by long-term holders, have sparked both bullish and bearish sentiments.

XRP's price surged 10% in the week leading to November 12, 2025, reaching $2.43, fueled by anticipation for the first-ever XRP ETF. A Benzinga report notes that Canary's filing of Form 8-A with the SEC marks the final step before listing, with a potential launch expected as early as Thursday. Analysts predict the ETF could attract over $1 billion in inflows, potentially boosting XRP's market cap to $1 trillion, as reported by TradingView. However, this optimism is tempered by caution. . BeInCrypto data reveals a 240% spike in profit-taking by long-term holders since September, with daily realizations climbing to $220 million amid a price retreat to $2.30 from a September high of $3.09. This "distribution into weakness" signals fading near-term confidence, as early buyers cash out while newer investors face losses.

Regulatory clarity has been a key catalyst. Ripple's $125 million settlement with the SEC in August 2025, which distinguished institutional and retail XRP sales, removed a major overhang. The company's $500 million fundraise and strategic acquisitions further reinforce long-term fundamentals. Meanwhile, the XRP Ledger achieved a 99.999% uptime record, processing over 100 million ledgers, while new wallet creation hit an eight-month high. TradingView highlights a major smart contract milestone, while Coinpedia details a BitGo wallet glitch recently flooding the XRP Ledger with failed transactions, creating network congestion.

Yet challenges persist. A BitGo wallet glitch recently flooded the XRP Ledger with failed transactions, creating network congestion. Additionally, XRP faces stiff competition from AI and meme tokens, which are siphoning liquidity and speculative interest. On-chain data shows reduced whale activity and slower address growth, suggesting new demand is lagging. Crypto.news reported that liquidity is leaving XRP for AI and meme tokens.

Ripple's ecosystem is also expanding. A partnership with Mastercard and Gemini to test RLUSD stablecoin settlements on the XRP Ledger aims to integrate blockchain with traditional finance, enabling real-time fiat transactions. This aligns with Ripple's broader push into cross-border payments and DeFi applications. Coinotag reports on the collaboration.

Despite these developments, experts warn of risks. XRP's price structure remains fragile, with traders advised to maintain support levels around $2.35–$2.38 to avoid a potential slide toward $2.20. The broader crypto market, including Bitcoin and Ethereum, is also experiencing low institutional and retail demand, compounding uncertainties. FXStreet reported on this trend.

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