XRP Price Today, 21 November 2025: Ripple’s Token Falls Below $2 Despite ETF Launch and Lawsuit Win

XRP is trading back under the $2 mark today, 21 November 2025, as a sharp, market‑wide crypto sell‑off wipes out weeks of gains and collides with one of XRP’s biggest bullish catalysts in years: the arrival of U.S. spot XRP ETFs.

XRP price today: key stats (21 November 2025)

Across major data providers, XRP is currently trading just below $2:

Live price: around $1.90–$1.92
- CoinMarketCap lists XRP at $1.91, with 24‑hour volume near $9.9 billion and a market cap of about $115.4 billion. ^[1]
- eToro shows XRP near $1.9067, down about 6% over the last 24 hours and roughly 16% over the past week, with day’s range between $1.8174 and $2.0507 and market cap around $115.5 billion. ^[2]
24‑hour move: most analysts put today’s drop in the 6–10% range, with XRP among the day’s bigger large‑cap losers. U.Today, for instance, notes an 8.28% decline and calls XRP “one of the biggest losers today.” ^[3]
Intraday range: exchanges and market data sites report lows around $1.82 and highs just above $2.00, consistent with Investing.com’s high near $2.03 and low near $1.82 for 21 November. ^[4]
Recent low: CryptoPotato’s daily recap says XRP’s plunge to about $1.90 marks its lowest level since April 2025. ^[5]

The Economic Times highlights just how fast the move has been: XRP slid from $2.13 to $1.91 in under a day, a 24‑hour drop of about 8.7%, while trading volume jumped more than 32% to around $8.07 billion. ^[6]

In other words: price is falling, volume is spiking, and sentiment has flipped to fear.

What is driving today’s XRP plunge?

1. A broad crypto “risk‑off” crash

Today’s XRP dump is happening alongside a violent sell‑off across the entire crypto market:

Bitcoin fell below $85,000, briefly touching around $81,600, in what CoinDesk calls the worst monthly drawdown since the 2022 crypto winter. ^[7]
Across major coins like Ether, Solana, XRP, BNB and Cardano, weekly declines of 20–35% from November highs have become common, with almost $2 billion in leveraged positions liquidated in the last 24 hours and roughly 396,000 traders wiped out. ^[8]

Off‑chain, global stocks are also under pressure. A CryptoDnes report notes that U.S. indices posted their worst week in months, with the Nasdaq dropping 486 points, the Dow 386 points, and the S&P 500 about 103 points in a single session, as investors question stretched AI‑driven valuations and the timing of future Federal Reserve rate cuts. ^[9]

With the Crypto Fear & Greed Index plunging to 11, deep in “extreme fear” territory, traders are de‑risking across the board. ^[10] XRP, as a high‑beta altcoin, is feeling that stress more than Bitcoin.

2. Heavy profit‑taking after a strong year

Despite today’s bloodbath, XRP has quietly been one of crypto’s star performers over the past 12 months:

A new analysis from 24/7 Wall St. notes that XRP is up about 89% over the last year, while Bitcoin has gained only about 3.6% in the same period, according to CoinGecko data. ^[11]

That outperformance, powered by lawsuit clarity and new products, left plenty of room for profit‑taking. The Economic Times reports that as XRP crashed today, volume surged over 32%, a classic sign of aggressive repositioning and liquidation rather than a slow drift lower. ^[12]

3. Whale selling and on‑chain flows

Whale behavior seems to be adding fuel to the fire. In a separate piece, CryptoPotato highlights that:

Over the past month, large holders have offloaded around 1.4 billion XRP, and in recent days dumped a further 190 million tokens. ^[13]

Such large exits can spook smaller holders, triggering what analysts describe as a potential “domino‑style” wave of selling, especially when it coincides with cascading leveraged liquidations in derivatives markets. ^[14]

ETF launches collide with risk‑off sentiment

Today’s price action is especially striking because it comes just as XRP is finally entering the U.S. ETF era.

Bitwise XRP ETF and Canary’s XRPC

According to CoinCentral:

Bitwise’s spot XRP ETF launched on NYSE Arca on 20 November, trading under the ticker “XRP” and posting about $25.9 million in first‑day trading volume, with over $105 million in early inflows. ^[15]
The launch followed Canary Capital’s XRPC ETF, which debuted a week earlier with about $58.5 million in day‑one volume and roughly $245 million in net inflows, making it one of 2025’s biggest ETF launches. ^[16]

Ripple’s official X account (formerly Twitter) also celebrated Bitwise’s fund, noting that “the Bitwise XRP ETF began trading on the NYSE” and adding another regulated channel for spot XRP exposure. ^[17]

But the market had other plans

Here’s the twist: CoinCentral points out that Bitwise’s ETF debut coincided almost perfectly with the market crash that sent XRP below $2 and Bitcoin down toward $87,000, blunting what might otherwise have been a powerful bullish catalyst. ^[18]

The Economic Times echoes this tension, arguing that strong ETF inflows weren’t enough to offset the macro‑driven sell‑off, as traders rushed to de‑risk and lock in profits after XRP’s strong year‑to‑date rally. ^[19]

More XRP ETFs from Franklin Templeton and Grayscale are reportedly slated for 24 November, potentially adding further institutional access—assuming the market stabilizes. ^[20]

Technical picture: key levels around $1.80, $1.60 and $2.00

Technically, the loss of $2.00 is the headline event on XRP’s chart this week.

Support turns into resistance

CryptoPotato’s daily price analysis highlights several points: ^[21]

This week, XRP lost its support at $2.00 and fell about 16%, erasing hopes for a short‑term recovery.
The most important support zones now sit near $1.80 and $1.60.
The previous $2.00 level is likely to act as resistance on any bounce.
As long as XRP trades inside a broad $1.60–$3.60 range, a recovery remains technically possible – but a decisive break below $1.60 could usher in a prolonged bear phase.

U.Today’s intraday analysis paints a similar picture: ^[22]

XRP is trading in the middle of a short‑term channel, with support at about $1.8467 and resistance around $2.0226.
With most of the day’s Average True Range (ATR) already used up, the probability of another huge intraday move before tomorrow is relatively low.
On the weekly time frame, if the candle closes near its low, analysts warn that price could drift toward the $1.40–$1.60 zone.

One of the sharpest pullbacks of the quarter

CryptoDnes calls today’s action “one of [XRP’s] sharpest pullbacks of the quarter,” noting that the token has been sliding for about a month already and is now hovering around $1.90, largely due to global risk‑off rather than any specific XRP‑only shock. ^[23]

For short‑term traders, that leaves three obvious levels to watch:

$2.00 – now key resistance and psychological bar.
$1.80 – near‑term support; a decisive break would signal deeper weakness.
$1.60 – major structural support; losing this would confirm a much broader downtrend, according to several chart‑based analyses. ^[24]

Big picture: XRP still outperforms Bitcoin over 12 months

Today’s pain sits against surprisingly strong 12‑month performance:

24/7 Wall St. reports that XRP has gained about 89% over the past year, versus roughly 3.6% for Bitcoin, citing CoinGecko data. ^[25]

The article identifies four big drivers behind XRP’s outperformance: ^[26]

Legal clarity after the Ripple‑SEC lawsuit ended in August 2025.
Launch and rapid growth of Ripple’s RLUSD stablecoin, which reached about $1 billion in market cap within its first year.
Expansion of XRP Ledger (XRPL) capabilities, including sidechains for smart contracts and DeFi.
Strong institutional adoption, from banking partnerships to the new spot XRP ETFs.

The flip side of that outperformance is heightened volatility. XRP’s one‑year volatility, at around 91%, is more than double Bitcoin’s roughly 44%, meaning XRP tends to rise faster in rallies—and fall harder during corrections. ^[27]

Today’s drawdown is a textbook example of that high‑beta behavior.

Regulation: Ripple finally closes the SEC chapter

A big part of XRP’s 2025 story is that the regulatory cloud has mostly lifted.

The lawsuit is over

In early August 2025, both the SEC and Ripple Labs filed a joint dismissal of their appeals in the long‑running XRP case at the U.S. Court of Appeals for the Second Circuit, formally ending a legal saga that began in December 2020. ^[28]

Key outcomes, as summarized by Brave New Coin and Capital.com: ^[29]

Judge Analisa Torres’ earlier ruling stands:
- XRP is not a security when sold to retail investors on secondary markets.
- Certain institutional sales by Ripple did violate securities laws.
Ripple agreed to pay a $50 million settlement (down from the SEC’s original $125 million claim) and to stop direct institutional XRP sales in the U.S.
Both sides bear their own legal costs, and no further appeal is pending.

This outcome paved the way for U.S. spot XRP ETFs, gave exchanges more confidence to list XRP, and clarified that a token itself is not automatically a security—what matters is how it’s sold.

SEC Commissioner Hester Peirce’s remarks

In a recent interview highlighted by TradingView’s Coinpedia feed, SEC Commissioner Hester Peirce said she never backed the Ripple lawsuit and criticized the agency’s earlier practice of “regulation by enforcement” instead of building a clear framework for digital assets. ^[30]

She also emphasized the nuance in Judge Torres’ ruling: a single token can appear both in securities transactions and non‑securities transactions, depending on context. That distinction is now influencing ongoing policy discussions and proposals like the Clarity Act in Congress. ^[31]

For XRP holders, that backdrop is crucial: today’s price crash is happening after Ripple resolved its biggest legal overhang, not because of it.

Network fundamentals: native staking and RLUSD growth

Even as price slumps, the XRP ecosystem is shifting in important ways.

XRP Ledger may add native staking

In a new interview and social media discussion covered by Coinpaper, Ripple CTO David Schwartz floated native staking for the XRP Ledger (XRPL) for the first time, alongside broader changes to how XRPL’s consensus might work. ^[32]

Key ideas on the table:

A two‑layer consensus model in which a smaller inner set of validators is selected based on stake from the outer layer, with staking rewards and slashing penalties to align incentives. ^[33]
Using transaction fees to fund zero‑knowledge (ZK) proofs for smart contract execution, allowing nodes to verify correctness rather than perform every computation, potentially improving scalability and efficiency. ^[34]

Schwartz stressed these are exploratory concepts, not finalized upgrades, but they signal that XRPL is actively rethinking its long‑standing architecture to stay competitive with proof‑of‑stake chains.

RLUSD stablecoin and institutional build‑out

Ripple has also been busy on the product side:

The RLUSD dollar stablecoin, launched in December 2024, has grown to over $1 billion in market cap by late 2025, helping to deepen liquidity on XRPL and enable new lending, borrowing and payments use cases. ^[35]
Capital.com notes that Ripple acquired prime broker Hidden Road for about $1.25 billion in 2025 and completed a $500 million funding round at a roughly $40 billion valuation, signaling strong institutional interest post‑lawsuit. ^[36]

These strategic moves underpin the long‑term “payment rail” narrative around XRP, even as short‑term traders grapple with volatility.

Analyst views: collapse risk vs “Black Friday sale”

With XRP back below $2, commentary has split into two broad camps.

The cautious / bearish side

Economic Times asks whether XRP is “about to collapse,” highlighting the 8.7% daily decline, surging volumes, and the fact that “nearly a month’s worth of gains” has been wiped out in hours, even though the token still shows a double‑digit gain over the past week. ^[37]
CryptoPotato’s weekly analysis warns that losing the $2 level and testing the $1.80 and $1.60 supports makes lower prices more likely, especially if $1.60 fails. ^[38]
CryptoDnes frames XRP’s slide as part of a broader collapse in global risk appetite, stressing that macro factors rather than XRP‑specific news are driving the retreat, which can keep pressure on all risk assets, including crypto. ^[39]

Even some previously bullish forecasting models are under strain. A November outlook from Changelly, published before this week’s crash, suggested XRP’s minimum price for November 2025 would be around $2.05, with a maximum of $2.13—levels that today’s price undercuts. ^[40]

The opportunistic / bullish side

Not everyone sees the drawdown as the beginning of a collapse:

The Crypto Basic relays an analyst who calls the current drawdown an “early Black Friday sale” on XRP, arguing that a move back to $4 from today’s levels would represent a gain of over 100%, even though such a scenario remains speculative. ^[41]
A separate U.Today/TradingView piece claims XRP is “on the verge of a 69% price reversal” based on historical patterns during periods of peak fear, suggesting that current conditions resemble previous major bottoms. ^[42]
Longer‑horizon commentators continue to focus on Ripple CEO Brad Garlinghouse’s claim that XRP could one day capture about 14% of SWIFT’s $150 trillion annual cross‑border volume, a scenario some analysts argue could justify far higher long‑term valuations if it ever materialized. ^[43]

There are also extreme bullish targets floating around. TipRanks recently highlighted an investor who believes XRP could eventually reach $66.67, based on assumptions about global payments penetration and continued institutional adoption—projections that are ambitious, highly uncertain and far beyond anything current price action implies. ^[44]

What to watch next for XRP price

Given today’s volatility, traders and longer‑term followers alike are focusing on a few key themes:

Macro backdrop & Bitcoin levels
- Continued pressure on risk assets and further Bitcoin declines toward or below $80,000 could keep XRP under heavy selling pressure. ^[45]
Key price zones: $1.80, $1.60 and $2.00
- Holding $1.80 would support the idea of a short‑term base.
- Losing $1.60 would signal a deeper structural downtrend, per several technical analyses. ^[46]
- Reclaiming and holding $2.00 would be the first sign that bulls are regaining control.
ETF flows
- How Bitwise’s XRP ETF and Canary’s XRPC trade in coming days—especially as new funds from Franklin Templeton and Grayscale go live—will offer clues about institutional appetite at lower prices. ^[47]
XRPL technical roadmap
- Any concrete proposals or governance moves toward native staking or ZK‑enabled execution on XRPL could reshape XRP’s tokenomics and yield profile over time. ^[48]
Regulatory and policy updates
- With the SEC lawsuit over, attention shifts to broader U.S. crypto legislation and rule‑making, where the Ripple case and Commissioner Peirce’s comments are already influencing debate. ^[49]

Bottom line

On 21 November 2025, XRP is caught at the intersection of bullish structural progress and brutal short‑term sentiment:

Price: about $1.90–$1.92, below $2 for the first time since April, down roughly high‑single digits on the day and mid‑teens on the week. ^[50]
Backdrop: a market‑wide risk‑off event with nearly $2 billion in liquidations and global equities sliding alongside crypto. ^[51]
Fundamentals: regulatory clarity, growing ETF ecosystem, a billion‑dollar stablecoin, and potential protocol upgrades all suggest XRP’s underlying story is more robust than in earlier cycles. ^[52]

Whether this drop proves to be the start of a deeper downturn or just another high‑volatility shake‑out within a longer bullish trend will depend on how those forces resolve over the coming weeks.

As always, this article is for informational purposes only and is not financial or investment advice. Cryptoassets like XRP are highly volatile and risky; anyone considering exposure should do their own research, understand their risk tolerance, and, if needed, consult a qualified financial professional.