XRP News Update: XRP ETF Debuts Strongly Despite Bearish Death Cross and Fibonacci Support Breach

The movement of XRP's price continues to draw significant attention from investors following the introduction of the first U.S. spot

exchange-traded fund (ETF) on November 13, 2025, which has generated both enthusiasm and caution. The , operated by Canary Capital, on its opening day and currently manages assets exceeding $248 million. Despite this, technical analysis points to a bearish trend for XRP, as of November 15, a decline from its yearly peak of $3.6650.

Recent price patterns have raised concerns among market analysts. XRP has developed a "death cross" formation, where the 50-day and 200-day exponential moving averages (EMA) have dropped below important support points. Furthermore, , confirming a downward trend. The emergence of a minor head-and-shoulders pattern and a fall beneath the 38.2% Fibonacci retracement level further toward $1.7707, the low reached in October.

In spite of these negative technical signals, the ETF's strong debut has brought new bullish factors into play. The fund's swift asset growth and

in market capitalization underscore rising institutional involvement. Nevertheless, , with XRP's value challenged by weak retail participation and broader economic uncertainty.

has compared XRP’s latest price behavior to Bitcoin’s movements during the launch of its spot ETFs. The analysis identifies three stages: an initial 20% drop, a subsequent 91% rally, and a final 230% surge. If this pattern holds for XRP, the analysis suggests a possible dip to $2.01, with upside targets at $3.85 and $6.64. Still, market experts may not always apply, given the differences in regulations and market conditions.

Blockchain data presents a mixed picture ahead of the ETF launch. In the week leading up to the ETF approval, 216 million XRP tokens were withdrawn from exchanges, hinting at bullish sentiment, but

just before trading began. The number of active XRP wallets reached a three-month high, reflecting increased retail activity, while , pointing to lower leverage in the market.

Technical experts remain divided. Some believe XRP could break above $2.88, forming a falling wedge pattern, while others caution that a drop to $2.06 is possible if the $2.31 support level fails to hold.

has made this area a critical zone for both buyers and sellers.

Institutional flows are also under close watch. The ETF could potentially attract

, echoing the adoption cycles seen with and Ethereum ETFs. However, initial data reveals that the proportion of XRP supply in profit has dropped to its lowest point in a year, with holders sitting on an average of 44 million tokens in unrealized gains. This could signal a shift, as less selling pressure might allow for a short-term rebound.

As the crypto sector looks for a decisive catalyst, the momentum generated by XRP’s ETF remains unpredictable. While regulatory improvements and increased institutional access have created new opportunities,

and technical resistance continue to challenge XRP’s outlook.