XRP News Today: Institutional Confidence Meets Market Uncertainty as XRP ETFs Undergo Key Evaluation

The introduction of several spot

ETFs in the United States has sparked a clash between bullish institutional sentiment and nervousness in the market, as the cryptocurrency’s value hovers near crucial support thresholds. Bitwise and 21Shares have joined the likes of Franklin Templeton and Grayscale in providing regulated investment options for XRP, representing a significant step forward in the asset’s journey toward broader adoption. Yet, even after the ETF launches highlights the vulnerability of its short-term outlook, with large holders selling and overall crypto markets showing weakness.

Bitwise’s

, which started trading on November 20, recorded an impressive $22 million in trading volume on its first day. Meanwhile, . These ETFs are designed to connect traditional investors with digital assets, with . However, the market’s response has been mixed. While with $58 million traded on the first day, XRP’s price has had difficulty finding stability, — a key level for long-term investors.

Glassnode’s on-chain analytics indicate

, with 41.5% of the circulating supply now at a loss, the lowest level since late 2024. This underlying weakness is worsened by whale activity: within two days of the ETF launches, adding to the downward momentum. From a technical perspective, XRP is at a crossroads. : if the price rebounds above $2.195, it could rally toward $2.6, but if it falls below $2, it may drop to $1.5. The $3.6 resistance, once a bullish target, now seems far off.

The SEC’s green light for these ETFs has been

for XRP, potentially paving the way for its recognition as an institutional-grade asset. Still, critics argue that , as financial advisors and pension funds slowly adopt the token. At the same time, — holding XRP in regulated trusts — are intended to address liquidity issues, though their effectiveness against volatility caused by large holders is yet to be proven.

Even with optimism surrounding the ETFs, broader economic conditions and Bitcoin’s movements will play a major role in shaping XRP’s direction.

could boost ETF inflows, but ongoing weakness may dampen their effect. that manipulation remains a concern, given the concentration of XRP among a handful of large investors. Currently, opinions are divided: some traders see the $2 support as a buying window, while others anticipate a further decline