XRP News Today: XRP ETFs Fail to Halt Sell-Off; $1.55 Pullback on the Horizon
- XRP faces 25% correction risk to $1.55 despite first U.S. spot ETFs (XRPC/EZRP) failing to stabilize prices at $2.22. - Weak institutional demand, profit-taking by long-term holders, and fragile on-chain metrics drive bearish momentum. - Whale activity ($645M in transfers) and underwater token supply (41.5% at loss) amplify downward pressure post-ETF launch. - Technical indicators show XRP trading below key averages, with critical support at $2.07–$2.10 at risk of breakdown. - Ripple's ecosystem growth c
XRP, Ripple's digital currency, is under increasing strain as both on-chain metrics and market trends indicate a possible 25% drop to $1.55. Even with the introduction of the first U.S. spot
XRP's price has been turbulent, reaching a 24-hour low of $2.22 after heavy selling at important support zones.
A major issue for XRP is the rising share of its circulating supply held at a loss.
Large holder activity has further clouded the outlook. Early November saw a "tsunami" of big transactions, totaling over $645 million, moving XRP between exchanges and private wallets,
Interest from institutions is mixed.
Technical signals remain negative. XRP is trading below all key moving averages, including the 200-day at $2.63, and is testing a crucial support zone between $2.07 and $2.10.
Despite short-term headwinds, Ripple's ecosystem progress—including a $500 million capital raise and targeted acquisitions—is still seen as a long-term strength. However,
Should XRP fail to break above the $2.70 resistance, traders believe a move back to $1.55 becomes more probable. The token's ability to recover will hinge on ETF-related demand, broader economic clarity, and whether institutional investors step in to absorb the increasing supply of underwater tokens.
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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