XRP News Today: XRP Price Weakens Under $1.90 Even as Bitwise ETF Sees $22M First-Day Volume

XRP, the fourth-largest cryptocurrency by market capitalization, has weakened below the $1.90 mark despite the opening day success of the Bitwise spot XRP ETF. The Bitwise XRP ETF (ticker: XRP) started trading on the New York Stock Exchange (NYSE) on November 20, 2025. According to the latest data, Bitwise XRP ETF recorded around $22 million in trading volume on its opening day and saw a net inflow of $105 million. Bitwise XRP ETF launch showed strong institutional interest by attracting more than $100 million in assets shortly after debut, prompting Ripple CEO Brad Garlinghouse to describe the moment as “a historic step” for XRP adoption. 

XRP dropped below the $2 psychological level yesterday and reached a monthly low of $1.83, and broke below the 78.6% Fibonacci retracement level at $2.02. XRP price today is $1.92, experiencing a rapid 8-15% decline over the past 24 hours, with weekly losses approaching 15%.

According to the latest market analytics, XRP struggled to hold the critical support at $2.15; after breaking below this particular point, traders identified $1.99 as the immediate support level and $2.22 as nearby resistance. 

ChartNerd, known for long-term XRP chart analyses posted on X, stated that there was no confirmation yet.

No confirmation just yet. Historically though, over the last year, this is where bottoms have been built. Lose $1.90 on monthly candle close. Not looking good. But that ship is still yet to raise its sails.

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) November 21, 2025

He mentioned that historically, over the last year, this was where bottoms had been built. He warned of losing $1.90 on the monthly candle close, noting that it was not looking good. However, he added that the ship was yet to raise its sails. He urged the investors to sit and wait for realistic double-digit targets by the end of this year. 

Why XRP Price Drops Despite ETF Optimism?

XRP’s current downturn is due to a combination of multiple factors, including the broader crypto market weakness, profit-taking, and technical breakdowns, which outweigh the positive market sentiment. XRP also saw liquidations and whale selling despite the ETF momentum, fueling the bearish impact.

Market experts claim that a daily close above $2.02 could stabilize XRP’s price; failure to hold above $1.90 will retest the price to $1.83. They also claim that traders should watch for Bitcoin’s ability to stabilize above $85,000; they say that a break below this point could trigger another altcoin sell-off, further fueling XRP’s downfall. 

Profit-taking after the Bitwise ETF launch was an important factor in the ongoing XRP downturn. The ETF debuted with $22 million in trading volume, and traders quickly locked in gains. Similar patterns were also seen with the Canary XRP ETF. Canary Capital XRP ETF debuted with $138M in inflows, and the historic first day of trading was followed by $68 million in spot market outflows, indicating that investors cashed out after the hype of the first XRP ETF in the United States.

Broader Crypto Market Weakness Exacerbates XRP Losses

A broader crypto market sell-off is another factor; according to market experts, XRP’s drop below $1.90 coincided with a wider crypto crash, where BTC and ETH faced heavy liquidations and fell below $85,000 and $2,800, respectively.

Blockchain expert CryptoMaven posted on the CoinMarketCap community post that BTC had dropped below $83K again, pulling XRP down with it. He noted that XRP had fallen by over 9% in the last day. He mentioned that big holders were selling, and XRP investors were taking heavy losses. He indicated that the key support levels to watch now were $1.91 and $1.73, and if those didn’t hold, XRP could drop toward $1.63.