Key Takeaways
- XRP gave away all its gains from the spot ETF updates and $500 million investment from multiple crypto investment firms, including Pantera Capital and Galaxy Digital.
- The XRP price today is $2.22, indicating a 5.7% decrease over the previous 24 hours.
- XRP’s daily trading volume has also decreased; it fell 13% and reached $5.31 billion in the last 24 hours.
- Despite the XRP’s extended November loss, Ripple’s new strategic plans and announcements are expected at the Ripple Swell 2025.
XRP, the official cryptocurrency of Ripple, is trailing behind Bitcoin, Ethereum, and Solana on the crypto market. The fourth-largest cryptocurrency by market cap is 5.7% down today and is experiencing a downtrend after yesterday’s short-term bullish momentum took XRP above its $2.30 resistance level. XRP’s current downtrend in the middle of the positive updates, like the ETF launch and Ripple’s $500 million investment, raises concerns among investors and traders. The XRP spot ETF launches are now scheduled for mid-November; investment firms like Canary Capital and Franklin Templeton expect to begin trading their products around November 13.
The market experts believe that the current bearish sentiment is largely attributed to broader negative macroeconomic factors. They claim that there is a “risk-off” shift in the current crypto market, mainly driven by the Federal Reserve’s interest rate cut decisions, which incited and triggered over $1.33 billion in crypto liquidations recently. XRP is currently facing significant technical resistance. Currently, it has broken below the $2.28-$2.20 support zone and has entered into a descending channel, with RSI recorded at 37.09, indicating oversold. Market experts claim that technical traders interpret breakdowns as confirmation of bearish momentum. They state that the $2.20 level now acts as resistance, with the next support at $2.05. According to them, a daily close near or above $2.28 could be significant and likely to reverse the bearish pattern and help trade above its $2.30 resistance level.
XRP ETF Launches Nov 13 — Ripple’s Partnerships Fuel Price Hopes
XRP is currently having a bearish run in the market, but the experts believe that the short-term price fluctuation could be momentary, and its price will boost once the spot ETF launch momentum takes over the market. The XRP spot ETF launch is expected on November 13, 2025, with Canary Capital leading the race for debut in the United States. Ripple’s collaboration with Mastercard, WebBank, and Gemini will enhance XRP’s price in the future, and the partnership is expected to enhance XRP’s utilities and use cases. With the collaboration of major financial players such as Mastercard, WebBank, and Gemini, XRP will be able to engage in payment processing, stablecoin issuance, and crypto custody services. Ripple believes that these kinds of enhancements will increase XRP’s global acceptance and incorporate XRP’s modern technologies within the advanced global finance infrastructure.
Sherri Haymond, Global Head of Digital Commercialization at Mastercard, stated that through their partnerships with Ripple, Gemini, and WebBank, they are using their global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream. She mentioned that they are enabling settlement today while exploring how stablecoins can support future use cases.
In summary, the first XRP spot ETF launch on November 13 and the recent Ripple, Mastercard, WebBank, and Gemini collaboration will have a major impact on XRP’s upcoming price rally and are expected to boost XRP’s institutional interest. According to the analysts, the collaboration and experiment with modern finance infrastructure, along with the ETF launch, could enhance institutional demand and ultimately lead to price appreciation.
BTC ETF Outflows Weigh on XRP Ahead of Its ETF Launch
XRP started to tumble on Thursday and has been following the bearish momentum since then. According to the latest market data, on November 6, 2025, BTC-spot ETF outflows made a big impact on the overall sentiment of the crypto market and affected the altcoin price rally. The data on November 6, 2025, indicates that BTC-spot ETFs have recorded a net outflow of $137 million on Wednesday. The reported outflows created a bearish momentum and led to BTC falling 2.5% on the following day. XRP also extended its November loss on Thursday amid the excitement about the upcoming launch of multiple spot XRP ETFs and their latest $500 million investment.
The ongoing XRP bearish momentum is partly catalyzed by the BTC ETF outflows. The crypto experts believe that investors are pulling funds from Bitcoin ETFs and remain cautious while waiting for official XRP ETF approvals. They also noted that the growing XRP spot ETF momentum, with anticipated launches, has mounted pressure upon XRP and incited selling pressure and profit-taking. They added that XRP’s inability to hold above its resistance levels and Bitcoin’s ETF outflows are making a difference in XRP’s short-term price movement.