- Mass sell-offs and market turmoil push XRP price below key support.
- Bitwise’s XRP ETF debut adds volatility rather than buying momentum.
- The $1.90 support level is crucial for XRP’s short-term stability.
The price of XRP has plunged, slipping below the $2 mark amid heavy selling pressure and volatile spot XRP ETF launches.
XRP is facing growing strain from institutional flows and broader crypto market turbulence. Recent activity raises questions about the token’s ability to hold the critical $1.90 support level.
Whales unloading large amounts of XRP
The XRP market has been heavily affected by large holders liquidating significant quantities of the token.
On-chain data show that roughly 200 million XRP were moved by whales over the past 48 hours, creating strong selling pressure that has outpaced buying interest.
190 million $XRP sold by whales in the last 48 hours! pic.twitter.com/nB0P7jADCx
— Ali (@ali_charts) November 20, 2025
This surge in liquid supply coincided with a sudden market-wide crash, where Bitcoin fell to a seven-month low near $82,000, triggering more than $1.9 billion in crypto market liquidations.
High correlation with Bitcoin has amplified XRP’s losses, causing the token to underperform the broader market.
Spot XRP ETFs create volatility but not price momentum
Spot XRP ETFs, designed to attract institutional participation, have delivered mixed results so far.
Bitwise’s XRP ETF, the most recent entrant, debuted with roughly $25 million in turnover.
While Canary Capital’s XRPC ETF continues to draw attention with $268 million in assets under management, the tepid response to Bitwise’s offering has increased short-term volatility rather than sparking broad market optimism.
Market participants likely interpreted these launches as classic “sell the news” events, adding downward pressure on XRP prices even as institutional interest in ETF products grows.
Technical price data for XRP indicate a bearish trend
Technical indicators point to a challenging outlook for XRP.
After breaking below the psychological $2 level, the token is now testing the critical $1.90 support, which analysts view as an important accumulation zone.
$XRP accumulation zones I’m watching like a hawk: $2.21 / $2.06 / $1.90 / $1.56.
When the macro flips risk-on… XRP won’t climb — it’ll teleport. Whales already know.
— Ripple Bull Winkle | Crypto Researcher 🚀🚨 (@RipBullWinkle) November 20, 2025
The token also broke below a multi-month descending triangle pattern and has experienced a death cross, where the 50-day EMA is below the 200-day EMA, signaling continued bearish momentum.
The RSI is currently in oversold territory, hovering around 30, which reflects extreme market fear but does not yet show clear signs of a reversal.
If the $1.90 support fails, XRP could slide further toward $1.80 or even into the $1.55 range, representing a notable decline from recent highs.
Staking and regulatory context remain long-term catalysts
Beyond immediate price moves, Ripple is exploring staking solutions on the XRP Ledger to strengthen its presence in decentralized finance (DeFi) and to attract institutional participants.
Although implementation remains distant due to technical complexity, staking could improve network security and provide long-term incentives for token holders.
Ongoing regulatory developments, including potential changes to crypto capital rules under Basel, could also influence institutional adoption.
Adjustments that ease excessive capital requirements for banks might make XRP a more attractive option for traditional financial participation, indirectly supporting price stability over time.