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XRP News Update: XRP ETFs Confront Downtrend While Key Support Levels Face Pressure

XRP News Update: XRP ETFs Confront Downtrend While Key Support Levels Face Pressure

Bitget-RWA2025/11/21 00:10
By:Bitget-RWA

- XRP faces downward pressure near $2.27 amid $15.5M institutional outflows and declining futures open interest ($3.61B), signaling waning speculative interest. - Four XRP ETFs launching this week, including Canary Capital's $58M-volume XRPC , could drive $4B-$8B in inflows to counter recent outflows and stabilize pricing. - Technical indicators show XRP trading below key EMAs ($2.49/2.56) with fragile $2.20 support level repeatedly tested, while RSI (43) and bearish MACD confirm short-term selling pressur

Ripple's RLUSD, a stablecoin linked to XRP, is expected by market experts to drive greater use of the

ecosystem, as the altcoin faces a challenging market climate characterized by institutional withdrawals and technical obstacles. Recent swings in XRP’s price, now hovering around $2.27, have sparked doubts about its potential to recover momentum, with bearish sentiment prevailing since mid-October .

XRP has been under notable selling pressure, as both institutional and retail participants have reduced their exposure.

from XRP investment products last week, a trend attributed to broader economic uncertainty. This mirrors a general decline in futures open interest (OI), to $3.61 billion as of Monday, indicating less speculative trading. The liquidation heatmap also reveals weak support zones, especially near $2.20, and remains at risk of breaking down.

Despite the negative trend, some XRP supporters remain hopeful, encouraged by the upcoming introduction of several spot ETFs.

this week, with three more applications anticipated in the next 21 days. The first, Canary Capital's XRPC, on Nasdaq, surpassing previous ETF launches and pointing to strong institutional demand. between $4 billion and $8 billion in new investments during their first year, which could help reverse recent outflows and steady the price.

XRP News Update: XRP ETFs Confront Downtrend While Key Support Levels Face Pressure image 0
Technical signals, however, present a mixed picture. XRP is currently trading below important moving averages, such as the 50-day EMA at $2.49 and the 200-day EMA at $2.56, that has influenced price action since July. The Relative Strength Index (RSI) stands at 43, and further supports the case for short-term downward pressure. the $2.20 support, a level that has historically prevented deeper losses but has shown signs of weakening in recent trading sessions.

The wider market environment adds complexity to XRP’s prospects.

in crypto assets, intensifying both retail and institutional withdrawals. At the same time, to boost adoption underscores the intensifying competition among stablecoins, which could indirectly affect XRP’s role in cross-border payments.

Investor sentiment is currently split.

that the ETF launches could spark a rally toward $2.60 if XRP remains above $2.20, others caution that and could accelerate a drop to $1.90. The market’s capacity to absorb significant ETF inflows will be crucial, as spot flows continue to show net selling, reported in the most recent session.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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