XRP News Today: ETF Outflows Hit Sentiment as Ripple Unveils Bold Plans

XRP tumbled on Thursday, November 6, as BTC-spot ETF outflows weighed on market sentiment. Thursday’s reversal came despite key announcements from Ripple Swell and the upcoming launches of XRP-spot ETFs, potentially fueling institutional demand.

BTC-spot ETFs reported net outflows of $137 million on Wednesday, November 5, extending the outflow streak to six sessions. Extended outflows set a bearish tone for the Thursday session. BTC fell 2.5% on Thursday, November 6, to close at $101,300, dragging the broader crypto market into negative territory.

Weaker-than-expected US labor market data added to the negative sentiment. Challenger job quits surged from 54.064k in September to 153.074k in October, raising concerns about the US economic outlook. October’s data triggered a flight-to-safety, leaving the Nasdaq Composite Index down 1.9%, while USD/JPY slid 0.68% to 153.057.

Ripple Unveils Strategic $500 million Wall Street Investment

While XRP extended November’s losses, Ripple made several key announcements at Ripple Swell 2025, cushioning the downside.

Ripple President Monica Long recapped headlines from Swell, stating:

“Huge corporate news with today’s $500 (million) investment in Ripple from Fortress, Citadel, Pantera, Galaxy, Brevan Howard, and Marshall Wace – clear validation of how far we’ve come, and our strategy moving forward.”

Crucially, the $500 million investment signaled a big turnaround in sentiment toward Ripple and its expansion onto Main Street, further legitimizing XRP.

Other announcements included collaboration with Mastercard, WebBank, and Gemini, potentially boosting demand for XRP. Monica Long commented:

“Today, we also announced that we’re collaborating with Mastercard, WebBank, and Gemini to use RLUSD on the XRP Ledger to settle fiat credit card transactions onchain. This will mark one of the first instances of a regulated US bank settling traditional card transactions using regulated stablecoin on a public blockchain.”

These latest developments, alongside Ripple Prime’s launch, come at a pivotal time, with the expected launch of XRP-spot ETFs.

Ripple CEO Brad Garlinghouse recently highlighted XRP’s central role in the expansion plans, stating:

“With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.”

XRP Wallet Growth Signals Long-Term Investor Optimism

The positive outlook has cushioned the downside ahead of XRP-spot ETF launches, with investors buying the dip. Market intelligence platform Santiment commented:

“XRP’s price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months.”

Canary Funds, Bitwise Invest, and Franklin Templeton filed amended S-1s with shortened language to circumvent the US government shutdown. The amendments removed the ‘delaying amendment’ language that gave the SEC regulatory control over spot ETF launches. The amended terms would allow ETF issuers to launch their ETFs after a 20-day waiting period.

CryptoAmerica host and journalist Eleanor Terrett recently stated that Canary Funds’ XRP-spot ETF could launch on November 13 if the Nasdaq approves its 8-A filing.

Robust institutional demand may support a move toward $3, potentially paving the way to new all-time highs.

Technical Outlook: Key XRP Price Levels

XRP slid 5.56% on Thursday, November 6, partially reversing the previous day’s 6.21% gain to close at $2.2125. The token underperformed the broader crypto market, which fell 2.41%.

November’s 12.42% loss, following October’s 11.84% drop, left the token trading well below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating strong bearish momentum. Crucially, the 50-day EMA crossed through the 200-day EMA, indicating further losses on technical signals. However, certain key events could override the technicals and trigger a rebound.

Key technical levels to watch include:

• Support levels: $2.2, $2.0, and $1.9.
• 200-day EMA resistance: $2.5898.
• 50-day EMA resistance: $2.5826.
• Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Catalysts to Watch in the Sessions Ahead

In the near term, several key events could influence price trends:

• A US Senate vote.
• XRP-spot ETFs (delays or launches) and BlackRock’s position on an iShares XRP Trust.
• Blue-chip companies’ interest in XRP as a treasury reserve asset.
• Regulatory milestones: Ripple’s application for a US-chartered bank license, the Market Structure Bill, and SWIFT-related news could also drive near-term price trends.

Bearish Scenario: Risks Below $2.2

• BlackRock downplays plans for an XRP-spot ETF.
• The US government shutdown continues, delaying the launch of XRP-spot ETFs that have yet to file amended S-1s.
• The US Senate stonewalls 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.
• SWIFT maintains its market share in the global remittance sector, limiting Ripple’s market access.

These bearish events could push XRP below $2.2 could expose the $2.0 psychological support level. If breached, the June 2025 low of $1.9112 would be the next key support level.

The descending channel showed the token repeatedly failing to break above the upper trendline in early October. The failed breakouts at the upper trendline led to lower highs and lower lows, a bearish signal. Support at the lower trendline will be crucial in the coming sessions. If breached, XRP could drop toward the $2 psychological support level. See the chart below for reference.

Bullish Scenario: Path to $3 Remains Challenging

• The US Senate passes a stopgap funding bill.
• BlackRock files an S-1 for an iShares XRP Trust, and XRP-spot ETFs launch.
• Blue-chip companies boost XRP holdings for treasury reserve purposes, and Main Street integrates Ripple technology.
• Ripple secures a US-chartered bank license, and the US Senate passes the Market Structure Bill.

Holding above the November 4 low of $2.0674 may support a move toward the $2.35 resistance level. A break above $2.35 could enable the bulls to target the upper trendline and potentially retest $2.5. See the chart below.

Outlook: Medium-Term Bias Supported by Structural Tailwinds

XRP’s short-term path hinges on broader market sentiment and BTC-spot ETF flows. However, developments on Capitol Hill, spot ETF launches, and the Fed’s rate outlook will influence the medium-term path.

The Market Structure Bill’s progress on Capitol Hill, a Senate vote passing a stopgap funding bill, and XRP-spot ETF launches could trigger a bearish-trend reversal.