XRP News Today: XRP Slides as ETF Inflows Fail to Reverse Bearish Trend

Ripple's XRP price continued its downward trajectory below $2.00 on Friday, trading at $1.87 as heightened volatility and macroeconomic uncertainty pressured the broader cryptocurrency market. Despite the launch of the Bitwise XRP ETF on the New York Stock Exchange, which attracted $105 million in inflows on its first day, the token failed to reverse its bearish trend. The ETF, alongside Canary Capital's XRPC ETF, collectively drew $118 million in net inflows, yet XRP's futures Open Interest (OI) has plummeted to $3.57 billion, down from $10.94 billion in July. This decline in retail demand has left the asset vulnerable to further sell-offs, with traders increasingly positioning long-term exposure as derivatives markets weaken according to market analysis.

The market's bearish sentiment was compounded by a sharp selloff across crypto assets in early November, triggered by Bitcoin's slide to $84,000. XRP mirrored this decline, dropping nearly 8% in a single day to $1.92. While Bitwise's ETF launch was hailed as a milestone by Ripple CEO Brad Garlinghouse, analysts remain skeptical about its immediate impact. "The inflows are impressive, but they haven't translated into price action yet," said one observer. The ETF's 0.34% fee, waived for the first $500 million in assets, aims to attract institutional investors, but market conditions remain challenging.

On-chain metrics underscore the fragility of XRP's price structure. The "supply in profit" metric, which tracks the amount of XRP held at an unrealized gain, has fallen to 44 million tokens-its lowest level since November 2024. Meanwhile, whale activity has exacerbated the sell-off, with reports indicating that large holders offloaded 200 million XRP within 48 hours of the ETF's launch according to market reports. This outflow has pushed the token further below key technical levels, including the 50-day, 100-day, and 200-day exponential moving averages, reinforcing a bearish outlook.

Institutional outflows have also amplified downward pressure. CoinShares reported $15.5 million in outflows from XRP-related products last week, driven by monetary policy uncertainty and a shift toward multi-asset ETFs. The derivatives market, a key barometer of retail demand, remains subdued with futures OI averaging $3.61 billion-far below July's record highs. Analysts warn that without a sustained increase in OI, XRP's short-term recovery is unlikely according to market analysis.

Technical indicators paint a grim picture. The Relative Strength Index (RSI) hovers at 43, signaling dominance by sellers, while the Moving Average Convergence Divergence (MACD) has turned negative, encouraging further liquidation. Some traders predict a potential 50% decline to $1.25, aligning with Fibonacci extension levels and historical lows. "If the $2.00 support breaks, the next target is $1.61, with $1.25 as the ultimate bearish scenario," said one analyst.

Looking ahead, the approval of the Bitwise 10 Crypto Index ETF-approved by the SEC on November 20-could reshape the landscape. The fund, which allocates 4.97% to XRP, reflects growing institutional interest in diversified crypto exposure. However, analysts caution that meaningful price impacts may not materialize until 2026, as ETF inflows build momentum. For now, XRP's path remains fraught with uncertainty, balancing regulatory progress against persistent market headwinds.