XRP News Today: XRP Continues to Mirror Bitcoin as ETF Hopes Fade

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XRP News Today: XRP Continues to Mirror Bitcoin as ETF Hopes Fade

Bitget-RWA2025/11/19 18:24

By:Bitget-RWA

- XRP fell below $2.22 on November 16, 2025, amid Bitcoin’s drop below $95,000 and a broader crypto selloff. - The XRPC ETF’s $58.6M debut failed to stabilize XRP, as derivatives stress and $28M in liquidations worsened volatility. - Analysts linked XRP’s struggles to Bitcoin dependency, macroeconomic uncertainty, and conflicting institutional flows. - Holding $2.22 is critical to prevent a cascade to $2.16, but Bitcoin weakness and low liquidity persist as key risks. - Institutional interest waned despite

On November 16, 2025, XRP managed to stay just above $2.22 as the wider cryptocurrency market faced a sharp downturn triggered by Bitcoin falling below $95,000. Even with the launch of the first U.S. spot

XRP

ETF—Canary Capital’s XRPC—the token’s value slid 4.3% in 24 hours, swinging between $2.22 and $2.31 in a turbulent session.

The ETF’s unprecedented $58.6 million in opening day trading

was not enough to steady XRP, as stress in derivatives markets and $28 million in liquidated long positions added to the pressure. Experts pointed to mixed institutional flows, economic uncertainty, and XRP’s ongoing reliance on Bitcoin’s price movements

according to analysis

The selloff gained momentum at midnight UTC, with 74 million XRP changing hands—69% above the daily average—causing the price to break below the $2.24 support. XRP then dipped to a session low of $2.22 before rebounding sharply on heavy volume, hinting that the downward pressure might be easing

according to market data

. Technical experts emphasized that maintaining $2.22 is vital to avoid a further drop to $2.16, a key Fibonacci retracement, and potentially down to $2.02–$1.88. Still, the overall decline from $2.31 remains, with resistance at $2.23–$2.24 forming a psychological ceiling

according to market analysis

Bitcoin’s weakness intensified the downward pressure on altcoins such as XRP. The crypto Fear & Greed Index plunged to an “extreme fear” reading of 10—the lowest since late February 2025—as macroeconomic worries and thin liquidity fueled more selling. “XRP is still closely tracking Bitcoin’s moves,” said Versan Aljarrah of Black Swan Capitalist, highlighting that leveraged liquidations across the sector hit altcoins especially hard

according to market analysis

. This situation highlights a key challenge for the industry: even with regulatory progress and institutional involvement, XRP’s price remains tightly linked to Bitcoin’s performance.

Institutional engagement with XRP sent mixed messages. The XRPC ETF launch attracted $245 million in inflows, but trading volume dropped to $26 million by November 15—a 55% decrease.

This pullback reflected fading interest

, with analysts cautioning that ETF inflows alone are not enough to offset broader risk aversion. At the same time, BlackRock’s BUIDL token—a yield-generating digital asset backed by U.S. Treasuries—showed a growing institutional shift toward yield-focused products, adding to the competition XRP faces.

Looking forward, XRP’s prospects depend on reclaiming $2.24 and breaking above $2.31 to restore bullish sentiment.

A decisive move above $2.48 could revive bullish hopes

for a push toward $2.60 and beyond, but losing the $2.16 level could speed up further losses. The market is also watching upcoming ETF launches, such as Franklin Templeton’s EZRP and Bitwise’s product,

for indications of renewed institutional support

As the crypto market prepares for ongoing turbulence, XRP’s technical and fundamental outlook continues to reflect the sector’s larger challenges. With Bitcoin’s direction unclear and persistent macroeconomic headwinds, even the most regulated and utility-focused tokens struggle to break free from the dominant cryptocurrency’s influence.

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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