XRP News Today: Bulls Eye $2.35 but ETF Headwinds Limit Upside

XRP dropped below $2.2 as weak institutional demand for XRP-spot ETFs overshadowed rising bets on a December Fed rate cut.

The launch of four spot ETFs coincided with renewed bets on a December Fed rate cut. These market drivers sent XRP from a November 21 low of $1.8239 to a November 24 high of $2.2870. While rate cut bets remain alive, weaker inflows into spot ETFs pushed the token below the crucial $2.2 level.

XRP has failed to recover its H2 2025 losses, as whales continue to take profits on key market events, capping the upside.

XRP-Spot ETF Inflows Signal Uncertain Demand Outlook

The US XRP-spot ETF market extended its inflow streak to nine sessions on Wednesday, November 26. The four ETF issuers reported net inflows of $21.81 million, following inflows of $35.41 million the previous day. There was no spot ETF trading on Thursday, November 27, because of the Thanksgiving holiday.

Notably, the XRP-spot ETF market has seen total net inflows of $643.92 million since the launch of the Canary XRP ETF (XRPC) on November 14.

With a first-to-market advantage, XRPC leads the way, with net inflows of $334.59 million, the lion’s share of which came on day one of trading ($243.05 million).

By contrast, Franklin XRP ETF (XRPZ) has seen net inflows of $74.54 million since its November 24 launch. Analysts expected XRPZ to lead the way, given Franklin Templeton’s #19 ranking on the ETF Issuer AUM League Table. Franklin Templeton has an ETF AUM of $43.94 billion, while Canary has an ETF AUM of just $349 million and ranks at #153.

Crucially, waning inflows into XRP-spot ETFs could temper expectations for the launch of a BlackRock (BLK) iShares XRP Trust. The absence of the ETF juggernaut in the spot XRP space may limit the market’s success. BlackRock has been pivotal to the success of the BTC-spot and ETH-spot ETF markets. Notably, an iShares XRP Trust would suggest a robust demand pipeline, a bullish price signal.

Since launch, iShares Bitcoin Trust (IBIT) has seen net inflows of $62.68 billion. Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC), the second-largest BTC-spot ETF, has reported net inflows of just $11.96 billion.

Fed Rate Cut Bets Send Bitcoin Higher

While XRP-spot ETF flows left XRP on the back foot, rising bets on a December Fed rate cut drove demand for BTC and the broader market.

According to the CME FedWatch Tool, the probability of a December rate cut rose from 39.1% on November 20 to 86.9% on November 27, lifting demand for risk assets.

Bitcoin gained 0.93% on Thursday, November 27, consolidating its return to the $90,000 level after plunging to a November 21 low of $80,523. BTC’s price recovery can be attributed directly to revived bets on a Fed rate cut, which renewed demand for BTC-spot ETFs.

Spot ETF inflows remain a key price driver for XRP and BTC. However, US economic data, Fed speeches, and market sentiment toward a December Fed rate cut will also influence near-term price trends.

Technical Outlook: Key XRP Price Levels

XRP fell 1.03% on Thursday, November 27, reversing the previous day’s 0.97% gain to close at $2.2001. The token underperformed the broader market, which advanced 0.39%, and extended its losses early in the Friday, November 28 session, breaking below $2.2.

Thursday’s reversal left XRP well below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating a bearish bias.

Looking ahead, several key events are likely to influence XRP’s price outlook.

Key technical levels to watch include:

• Support levels: $2, $1.9112, and $1.8239
• 50-day EMA resistance: $2.3631.
• 200-day EMA resistance: $2.5182.
• Resistance levels: $2.2, $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Catalysts to Watch in the Sessions Ahead

Near-term price events include:

• XRP-spot ETF daily inflows.
• Blue-chip companies’ views on XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the progress of the Market Structure Bill on Capitol Hill.

Bearish Scenario: Risks Below $2.0

• XRP-spot ETFs report net outflows.
• The US Senate opposes crypto-friendly legislation, including the Market Structure Bill.
• Blue-chip companies downplay interest in XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.

These bearish events could drag XRP toward $2.0. A break below $2.0 would expose the $1.9112 support level. If breached, the lower trendline and the November 21 low of $1.8239 would be the next key support levels.

Bullish Scenario: Path to $2.35 Faces Resistance

• XRP-spot ETFs see strong inflows.
• Blue-chip companies purchase XRP as a treasury reserve asset.
• Ripple secures a US-chartered bank license, and the US Senate passes the Market Structure Bill.

A break above the $2.2 resistance level could pave the way to the November 24 high of $2.2870. A sustained move through $2.2870 may enable the bulls to test $2.35 and the 50-day EMA. A breakout from the 50-day EMA would bring the upper trendline into sight. Holding above the lower trendline will be crucial in keeping the bullish structure intact.

Outlook: $2.2 Key as Spot ETFs and the Fed Take Center Stage

US markets reopen on Friday, November 28, after the Thanksgiving holiday, spotlighting XRP-spot ETFs. A more dovish Fed policy stance could boost demand for spot ETFs, potentially sending the token toward $2.35.

However, the progress of the Market Structure Bill remains key, given July’s reaction to the House passing the bill to the Senate. XRP soared 14.69% on July 17 after the House vote.

The next several weeks could decide whether XRP decouples from BTC and reclaims $3.0.