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XRP News Update: XRP Falls 15% Amid ETF Hopes—Is $2.70 Within Reach?

XRP News Update: XRP Falls 15% Amid ETF Hopes—Is $2.70 Within Reach?

Bitget-RWA2025/11/24 03:54
By:Bitget-RWA

- XRP fell 15% to $2.17 amid whale selling, but ETF launches and institutional inflows could drive a rebound toward $2.70. - Major ETF providers like Franklin Templeton and Grayscale are preparing XRP products, signaling growing institutional confidence in its cross-border payment utility. - Bitcoin and Ethereum also declined 12-13.4%, but analysts view the dip as a buying opportunity amid ETF-driven demand and stable technical indicators for XRP. - Price resilience above $2.15 and ETF inflows outpacing ou

XRP (CRYPTO: XRP) has dropped by 15% in the past week as questions linger about its future price direction. Despite this, analysts and industry experts are showing growing confidence in a possible recovery, fueled by the anticipated introduction of spot

exchange-traded funds (ETFs). The digital asset is currently valued at $2.17, having retreated from its recent peaks, but expected from new ETFs could help push prices back up toward $2.70.

The latest decline has been intensified by large holders selling off, with Coin Bureau noting that 200 million XRP tokens were sold within the first two days after spot ETFs launched. This selling coincided with

into XRP ETFs as of Nov. 14, according to SoSoSo data. Although these outflows temporarily weighed on the price, some market participants believe the institutional framework of ETFs could help steady XRP’s price over time.

The

XRP News Update: XRP Falls 15% Amid ETF Hopes—Is $2.70 Within Reach? image 0
ETF sector is rapidly changing, with major firms such as Franklin Templeton, Grayscale, and 21Shares preparing to list XRP ETFs through the Depository Trust and Clearing Company, . These moves reflect increasing institutional trust in XRP, especially for cross-border transactions and stablecoin applications, which Bitget’s lead analyst Ryan Lee identified as .

Market-wide volatility has also been evident.

(CRYPTO: BTC) and (CRYPTO: ETH) have dropped 12% and 13.4%, respectively, since their latest highs. , while Ethereum stands at $3,069.94. Experts point to broader economic pressures, such as higher interest rates and increased regulatory attention, as reasons for the decline, though many view the pullback as a chance to invest in ETF-related assets.

Technical analysis also points to possible stabilization for XRP. Chartist Ali Martinez emphasized that maintaining levels above $2.15 is crucial for a bullish outlook,

if institutional interest continues to grow. The token’s ability to withstand large-scale selling further supports the case for a rebound, as ETF inflows are still surpassing outflows.

As the cryptocurrency sector moves through this consolidation phase, XRP’s adoption by institutional investors could set the tone for wider acceptance. With leading ETF issuers close to launching their products and demand for cross-border payment solutions increasing, XRP may soon challenge important resistance points. Nonetheless, investors should remain vigilant, as changes in regulations and the broader economy could still impact its upward momentum.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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