XRP News Update: XRP ETF Approaches Debut While Profit-Taking Challenges $2.35 Support Level

The

token, which serves as the foundation of Ripple’s blockchain ecosystem, is currently experiencing significant market turbulence. Investors are balancing hopes for clearer regulations with worries about liquidity and rising competition. Recent events—such as the possibility of a spot ETF, progress in smart contract technology, and increased profit-taking by long-term holders—have fueled both positive and negative outlooks.

XRP’s value climbed 10% in the week before November 12, 2025, peaking at $2.43, largely driven by excitement over the anticipated launch of the first XRP ETF. A

indicates that Canary’s submission of Form 8-A to the SEC is the last hurdle before listing, with the ETF possibly debuting as soon as Thursday. Experts estimate the ETF could draw in excess of $1 billion, potentially pushing XRP’s total market value to $1 trillion, according to . Still, this enthusiasm is met with caution. . data shows that since September, profit-taking by long-term holders has soared by 240%, with daily realized profits reaching $220 million as the price dropped to $2.30 from a September peak of $3.09. This pattern of “selling into weakness” suggests that short-term confidence is waning, with early investors cashing out and newer buyers facing losses.

Regulatory progress has played a major role. Ripple’s $125 million agreement with the SEC in August 2025, which clarified the distinction between institutional and retail XRP sales, resolved a significant uncertainty. The company’s $500 million capital raise and strategic acquisitions have further strengthened its long-term outlook. Meanwhile, the XRP Ledger has maintained 99.999% uptime, surpassing 100 million processed ledgers, and new wallet creation has reached its highest level in eight months.

points to a key achievement in smart contracts, while reports that a recent BitGo wallet malfunction caused a surge of failed transactions on the XRP Ledger, resulting in network congestion.

Nevertheless, obstacles remain. A BitGo wallet issue recently overwhelmed the XRP Ledger with unsuccessful transactions, leading to congestion. Additionally, XRP is facing intense competition from AI and

tokens, which are drawing away liquidity and speculative interest. Blockchain data reveals a decline in large holder activity and slower growth in new addresses, indicating that fresh demand is lagging. noted that liquidity is shifting from XRP to AI and meme tokens.

Ripple’s ecosystem continues to grow. The company has teamed up with Mastercard and Gemini to pilot RLUSD stablecoin settlements on the XRP Ledger, aiming to bridge blockchain and traditional finance for instant fiat transactions. This move supports Ripple’s broader strategy to expand into cross-border payments and decentralized finance.

covers this partnership.

Despite these advancements, analysts caution about potential risks. XRP’s price remains vulnerable, and traders are encouraged to keep support between $2.35 and $2.38 to prevent a drop toward $2.20. The wider cryptocurrency market, including

and , is also seeing reduced demand from both institutions and retail investors, adding to the uncertainty. has reported on this development.