XRP’s price is weakening, trading at approximately $2.21 on November 27, 2025, despite strong inflows into newly launched exchange-traded funds (ETFs). The recent performance indicates a significant decline from its mid-July peak of nearly $3.66. As the token approaches critical support levels, analysts are raising concerns about the potential for another downturn, potentially revisiting price zones seen earlier in 2025.
ETF Inflows Remain Strong but Impact Limited
Institutional interest in XRP surged in November, particularly following the launch of the Spot-XRP ETF by Canary Capital on November 13. The ETF attracted hundreds of millions of dollars in net inflows within its initial days, and other newly introduced XRP ETFs have collectively added over $400 million during the month. Despite this influx, XRP’s price has failed to rally, with the token dipping close to $1.83 during intraday trading on November 22.
Analysts note that while these ETFs create a steady demand for XRP, the broader market sentiment remains cautious. Open interest in XRP derivatives has fluctuated, and many traders are hesitant to support a sustained price breakout. The current trading environment is characterized by weak momentum, with XRP now over 45% below its July high. This lack of clear catalysts for a price increase has raised concerns about further corrections, especially if ETF inflows begin to normalize.
Technical Analysis Highlights Weak Momentum
XRP’s trading patterns reflect a bearish trend, as it currently trades below key short-term exponential moving averages (EMAs). Momentum indicators suggest diminishing buying interest, and although oversold conditions may lead to temporary rebounds, the overall trend is downward without significant changes in market dynamics. The crucial support level around $2 has faced repeated tests, and technical commentary indicates that a break below this threshold could open the path toward $1.90, a price range seen earlier in 2025.
Market models predict that if ETF accumulation slows, coupled with tightening liquidity and macroeconomic concerns, a return to early 2025 price levels becomes increasingly plausible. Analysts emphasize that while ETFs can provide consistent demand, they cannot independently drive substantial price growth without favorable market conditions.
XRP’s immediate future hinges on the ability of the $2.01 support to hold. If this level fails, the token may experience significant downward pressure, potentially retesting lows around $1.60.
In summary, while strong institutional confidence is evident through ETF inflows, the combination of weak derivatives data, persistent selling pressure, and fragile support levels leaves XRP vulnerable to further declines. Observing market conditions and the performance of ETF demand will be essential in the coming weeks to ascertain XRP’s trajectory.
Investors are urged to remain cautious and conduct thorough research, as fluctuations in the cryptocurrency market can lead to rapid changes in asset values.
