XRP News Today: XRP Drops Over 7% Despite ETF Momentum – What Is Happening With XRP Today?

The current crypto market momentum is negative, with Bitcoin and other altcoins exhibiting bearish momentum. According to the latest market data, the crypto market is currently referred to as “fear territory,” with the Crypto Fear and Greed Index showing an average of 25 out of 100, indicating that fear is the dominant emotion.

XRP’s story is no different; the fourth-largest cryptocurrency by market cap is down by 7% today and is trading closer to its $2.30 support level. XRP’s candlestick chart suggests that the digital asset is on the verge of a steep price correction, particularly if it breaks below $2.25 support level today.

The current XRP downtrend, despite the recent ETF momentum from the launch of the Canary Capital spot XRP ETF, the first spot XRP ETF in the United States, is surprising. The crypto experts believe that the short-term ETF launch momentum was taken away by the recent profit-taking and increased selling pressure. XRP reached a daily high of $2.51 yesterday on ETF-driven optimism, and currently it is significantly lower. Technical breakdowns, including breaches of Fibonacci support levels, confirm the active market decline.

The approval and launch of the first XRP spot ETF in the United States generated enough market traction and triggered a sharp rally. However, post-launch profit-taking has now backfired and is currently leading XRP to a steep price correction.

Xenorize, a crypto-related X page, posted that ETF launches often cause quick spikes followed by pullbacks.

As a trader: ETF launches often cause quick spikes then pullbacks. The real signal isn’t day-1 hype, but consistent inflows over the next days/weeks. If inflows stay strong like past ETH ETF launches, XRP can gain steady support. For retail, track ETF flows, not just price pumps…

— Xenorize (@xenorize) November 14, 2025

They stated that the real signal isn’t day-1 hype, but consistent inflows over the next days and weeks. They mentioned that if inflows stay strong like past ETH ETF launches, XRP can gain steady support. For retail investors, they advised traders to track ETF flows, not just price pumps. 

XRP falling below its $2.41 Fibonacci support is also another reason for this sudden price drop. According to analysts, the breach below $2.41 price point has led to stop-loss sell-offs within the leveraged participants, reportedly increasing downside pressure.

The latest technical analysis concludes that XRP’s 200-day exponential moving average (EMA) at approximately $2.61 is now acting as immediate support, and its key overhead resistance lies near the $2.67–$2.69 zone. XRP’s RSI is at 49.98, indicating neutrality, and its overall market sentiment is bearish and is tied to sell-side pressure.

XRP ETF Opens Strong with $58M, XRP Crypto Price Drops Despite ETF Momentum

The lack of a significant XRP price surge following the Canary Capital spot ETF launch is a heated topic within the cryptocurrency community. Canary Capital spot XRP ETF, the first XRP spot ETF in the United States, opened with $58 million in first-day trading volume, the strongest debut performance from an ETF launched in 2025. The investment firm began trading right after its pre-launch registration with the SEC, leading to unprecedented hype and heavier institutional flows, and strong early interest.

Cryptocurrency millionaire Quinton Lehy shared his enthusiasm that the XRP ETF shattered records.

🚨 XRP ETF shatters records!

Canary Capital’s spot XRPC ETF hauled in $58M on Day 1, the strongest debut of 2025, beating Solana’s $57M. Smashed analyst forecasts of $17M despite a 7.8% drop to $24.55 in a shaky market.
Fuelled by XRP’s die-hard community & Ripple’s regulatory…

— Capetonian (@Quintonlehy) November 14, 2025

He noted that Canary Capital’s spot XRPC ETF hauled in $58 million on Day 1, marking the strongest debut of 2025 and beating Solana’s $57 million. He mentioned that it smashed analyst forecasts of $17 million despite a 7.8% drop to $24.55 in a shaky market. He attributed this success to XRP’s die-hard community and Ripple’s regulatory wins, stating that it was the biggest non-BTC/ETH ETF launch ever.

Despite the initial day momentum and XRP ETF success, the token’s price experienced a sharp downtrend, falling 7% in the aftermath. Expert analyses conclude that the price drop is primarily catalyzed by the profit-taking by traders to lock gains from prior XRP rallies driven by the ETF anticipation. A sell-the-news reaction and trend, following major events like the Fed rate cut, combined with technical factors like breaches of key support levels, has further intensified the price drop.

In conclusion, the ETF launch created a strong foundation for XRP and sealed its institutional confidence. The price drop could be momentary, and XRP will probably break above the $3 psychological level in the upcoming weeks.