XRP News Today: ETF Countdown Tests Bearish Momentum

XRP extended its losing streak to six sessions, its longest sequence of losses since September 2025. Bitcoin (BTC) dropped below $93,000 for the first time since April 2025, dragging XRP and the broader market deeper into the red.

BTC and the crypto market faced a cascade of events that triggered the latest reversal. Falling expectations of a December Fed rate cut, in the absence of US data, weighed heavily on risk assets. Crucially, US BTC-spot ETF issuers saw net outflows of $1.11 billion in the reporting week ending Friday, November 14, accelerating the sell-off.

XRP’s losses came despite Canary Capital launching its XRP ETF and the imminent launch of more high-profile XRP-spot ETFs in the coming sessions. Risk-off sentiment weighed on XRPC’s trading volumes on day two of trading, raising concerns about sustained institutional demand for XRP-spot ETFs.

Franklin Templeton XRP ETF Countdown

XRP-spot ETFs will take center stage for a second week, as traders brace for a pivotal week for the token.

Franklin Templeton is set to become the largest XRP-spot ETF issuer by assets under management, launching on Tuesday, November 18. The Franklin XRP ETF (EZRP) launches ahead of another major XRP-spot ETF launch. Bitwise XRP ETF is scheduled to launch on Thursday, November 20.

While the Canary XRP-ETF got a first-to-market advantage, analysts expect Franklin Templeton and Bitwise to draw more institutional demand.

According to VettaFi, Franklin Templeton ranks #19 on the ETF issuer Assets Under Management (AUM) league table, with $43.16 billion in AUM. Bitwise Asset Management ranks #56, with $5.74 billion in AUM. For context, Canary Capital ranks #238, with $71.17 million in AUM.

Franklin Templeton and Bitwise will need to lead the XRP-spot ETF market in the absence of a BlackRock (BLK) iShares XRP Trust. BlackRock has continued to dominate the BTC-spot and ETH-spot ETF markets, holding the lion’s share of net inflows. The largest ETF issuer, with $3,876 billion in AUM, has remained silent on its plans for launching an XRP-spot ETF.

Flow trends for Franklin XRP ETF and Bitwise XRP ETF will be crucial for the token’s near-term price trajectory, given their standings in the ETF space. Robust and sustainable inflows could allow XRP to decouple from the broader crypto market. On the other hand, similar performance to the Capital XRP ETF (XRPC) could extend the token’s losing streak.

XRPC saw trading volumes slide from $59 million on day one to $26 million on day two, weighing on XRP sentiment.

Technical Outlook: Key XRP Price Levels

XRP dropped 0.84% on Sunday, November 16, following the previous day’s 0.40% loss, closing at $2.2167. The token saw a more modest loss than the broader crypto market, which declined 1.39%.

Six consecutive days of losses left XRP well below the 50-day and 200-day Exponential Moving Averages (EMAs), signaling bearish momentum.

Looking ahead, several price action catalysts could trigger a recovery, potentially sending the token toward $3.

Key technical levels to watch include:

• Support levels: $2.2, $2.0, and $1.9.
• 50-day EMA resistance: $2.4969.
• 200-day EMA resistance: $2.5650.
• Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Catalysts to Watch in the Week Ahead

In the near term, several key scenarios are likely to dictate price trends:

• Fed speakers and policy signals.
• Franklin Templeton and Bitwise XRP ETFs (launches or delays), and BlackRock’s stance on an iShares XRP Trust.
• XRP-spot ETF flows.
• 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.
• SWIFT-related developments.

Bearish Scenario: Risks Below $2.2

• Hawkish Fed speakers.
• XRP-spot ETFs report net outflows.
• Franklin Templeton and Bitwise spot ETF delays.
• BlackRock downplays plans for an XRP-spot ETF.
• The US Senate opposes crypto-friendly legislation, including the Market Structure Bill.
• Blue-chip companies dismiss XRP as a treasury reserve asset.
• OCC delays or rejects Ripple’s US-chartered bank license.
• SWIFT maintains its market share in the global remittance sector, limiting Ripple’s market access.

These bearish events could push the token toward $2.20, bringing the lower trendline into play. If breached, $2 would be the next key support level.

The descending channel showed several failed breakout attempts at the upper trendline in early October. This resulted in lower highs and lower lows, a bearish indicator. Meanwhile, the lower trendline offered support in early November. Holding above the lower trendline remains key; a break below the lower trendline could expose the $2 psychological support. See the chart below for reference.

Bullish Scenario: Path to $3 Remains Challenging

• Dovish Fed rhetoric.
• Franklin Templeton and Bitwise launch XRP-spot ETFs.
• Spot ETFs report strong inflows.
• BlackRock files an S-1 for an iShares XRP Trust.
• Blue-chip companies boost XRP holdings for treasury reserve purposes, and Main Street firms adopt Ripple technology.
• Ripple secures a US-chartered bank license, and the US Senate passes the Market Structure Bill.

A break above the $2.35 resistance level could bring the $2.5 resistance level and the 50-day EMA into play. Selling pressure could intensify at the $2.5 resistance level. The 50-day EMA is confluent with it. Nevertheless, a sustained move through $2.5 could pave the way toward the 200-day EMA. A break above the 200-day EMA could signal a move toward the $2.62 resistance level.

Outlook: Near-Term Structure Signals $2.2 as Key Support Level

Risk-off sentiment and BTC’s extended losses are likely to continue testing buyer demand for XRP. However, robust inflows into spot ETFs and the progress of the Market Structure Bill on Capitol Hill could trigger a trend reversal.

The next 72 hours could determine whether XRP breaks its six-day downtrend and if the token can decouple from Bitcoin.