XRP is still holding above the $2.10 level, even as broader market weakness continues to weigh on sentiment. The token has seen mild declines over the past week, but momentum is starting to return. The launch of the Bitwise Spot XRP ETF on the New York Stock Exchange Arca has sparked fresh optimism among traders and analysts.
A notable 33% surge in 24-hour trading volume suggests that the new ETF may boost buying interest. If this bullish tone extends, some market observers believe XRP could climb toward the $3 mark.
Bitwise officially rolled out its long-anticipated spot XRP ETF today. The product will trade under the ticker “XRP” on NYSE Arca, marking an important milestone for institutional access. Bitwise describes the launch as a historic moment that gives traditional investors regulated exposure to XRP without handling self-custody. The ETF begins with $500 million in assets, a 0.34% management fee—waived for the first month—and a structure similar to the firm’s Bitcoin and Ethereum spot ETFs. The trust is registered in Delaware and with the U.S. Securities and Exchange Commission.
However, the choice of using “XRP” as the ETF ticker has raised concerns. Analysts warn that sharing the same symbol as the cryptocurrency could confuse traders who may accidentally mix token pricing with ETF chart data. Market participants may need to double-check whether they are viewing the asset or the ETF.
Despite the ETF excitement, large-scale selling has added pressure. In the last 48 hours, whale wallets offloaded 190 million XRP, contributing to a sharp short-term drop. Santiment data shows strong downward movement driven by these large transactions, increasing expectations of near-term volatility.
As of November 20, 2025, XRP is trading at $2.11 with only a slight 0.03% increase. The RSI stands at 35, signaling mild bearish momentum. The MACD also reflects a short-term downtrend, with a bearish crossover and a negative histogram. If XRP fails to hold above the critical $2.00 support, the next downside target may be near $1.80 or below.
