XRP Price Today, 22 November 2025: Ripple Hovers Near $1.90 as ETF Wave and SWIFT ISO 20022 Shift Collide

Ripple’s XRP is trading around $1.90 today, Saturday 22 November 2025, after a bruising November that has erased roughly 15% from its value in just a week and left the token almost 50% below its July all‑time high. ^[1]

At the same time, a historic wave of spot XRP ETFs, the end of Ripple’s long‑running SEC lawsuit, and SWIFT’s ISO 20022 cut‑over are reshaping the narrative around XRP’s long‑term role in global payments — even as near‑term price action stays under pressure.

All prices and data in this article are as of 22 November 2025 and may change rapidly in crypto markets.

XRP Price Today (22 November 2025)

Spot price: about $1.90 per XRP
24h change: roughly –0.6% to –1%
24h range:$1.89 – $1.99
Market cap: ~$114 billion, keeping XRP in the top 4 crypto assets by size. ^[2]

Major exchanges report similar levels, with XRP trading just below the psychological $2.00 line after opening the day near $1.91. ^[3]

On a weekly view, XRP is down over 15%, extending a broader November slide that’s hit even large‑cap cryptocurrencies with double‑digit losses. ^[4]

Why Is XRP Under Pressure?

Today’s XRP price isn’t moving in isolation. Several overlapping forces are shaping sentiment:

1. A brutal November for crypto

Market commentators describe November as one of the harshest months for crypto in recent history, with a $1.28 trillion drawdown in overall crypto market value and a sharp reduction in expectations for Federal Reserve rate cuts. ^[5]

XRP has followed the broader market:

Price is ~48% below its July 2025 all‑time high around $3.65. ^[6]
Multiple attempts to reclaim the $2.20+ zone have failed since early November, leaving a pattern of lower highs on the daily chart. ^[7]

2. Bitcoin & ETF contagion

Analysts point out that XRP’s sell‑off is partly collateral damage from Bitcoin:

U.S. spot Bitcoin ETFs reportedly saw about $1 billion in outflows this week.
Bitcoin itself has dropped roughly 30% this month, dragging altcoins like XRP lower. ^[8]

Even though XRP has its own ETF story (more on that below), its tight correlation with BTC means macro risk‑off episodes still dominate short‑term price moves.

3. MSCI’s “DAT” reclassification fears

Another overhang comes from MSCI’s consultation on how to classify “digital asset treasury companies” — firms that hold large crypto positions on balance sheet. Markets worry that if such companies are treated more like funds, they could be removed from major equity benchmarks, forcing passive selling and hitting crypto sentiment. ^[9]

FXEmpire notes that this consultation helped trigger a sharp October flash crash and continues to weigh on assets like XRP that closely track broader crypto risk appetite. ^[10]

ETF Wave: Short‑Term Volatility, Long‑Term Game‑Changer?

Paradoxically, much of today’s volatility is happening right as institutional access to XRP is exploding.

Grayscale & Franklin Templeton XRP ETFs

Today, 22 November 2025, the New York Stock Exchange confirmed it has approved listings for Grayscale’s XRP and Dogecoin ETFs, with trading scheduled to begin on Monday, 24 November. ^[11]

Key points:

Grayscale is converting its long‑running XRP Trust into a fully listed ETF, similar to its earlier Bitcoin and Ethereum conversions. ^[12]
Bloomberg ETF analysts also expect Franklin Templeton’s U.S. spot XRP ETF to launch around the same time. ^[13]

According to U.Today, Bitwise’s XRP ETF (ticker: XRP) has already debuted on the NYSE, posting about $25.7 million in first‑day trading volume and over $100 million in initial inflows, with an introductory 0% management fee on the first $500 million in assets for a promotional period. ^[14]

Canary Capital’s XRPC and the first XRP spot ETF

The first U.S. spot XRP ETF, Canary Capital’s XRPC, launched earlier in November and quickly accumulated roughly $245 million in net inflows, later rising to about $278 million in XRP holdings. ^[15]

Analysts at The Crypto Basic compared XRPC’s debut to BlackRock’s IBIT Bitcoin ETF and found that XRPC actually outperformed IBIT on launch‑day inflows, even if Bitcoin ETFs still dominate overall volumes. ^[16]

21Shares: “XRP Army, get ready”

A fresh ETF headline today is the updated filing from 21Shares:

The fund will list on Cboe BZX under the ticker TOXR.
Planned management fee:0.50%.
Initial seed capital: 20,000 shares at $25 each (about $500,000). ^[17]

Analysts quoted in the same report suggest the 21Shares spot XRP ETF could go live as soon as late November, adding to a growing cluster of XRP products from Canary, Bitwise, Grayscale, Franklin Templeton and others. ^[18]

Why hasn’t price exploded?

If ETFs are so bullish, why is XRP still stuck near $1.90?

Several pieces of analysis published today paint a consistent picture:

CryptoPotato highlights two bullish signals — a TD Sequential “buy” signal and approval of a third spot ETF — but notes XRP has still lost over 15% in a week and nearly half its value since July’s peak, a classic “sell‑the‑news” response. ^[19]
CoinCentral also emphasizes the TD Sequential signal, arguing that previous instances for XRP preceded 14–18% rebounds, even as on‑chain activity shows a sharp drop in active addresses. ^[20]
DMarketForces points out that despite a modest rebound to around $1.91, the ETF news is clashing with a broader crypto “bloodbath” and heavy Bitcoin ETF outflows. ^[21]

In short: structural adoption tailwinds (ETFs, regulatory clarity, payments integration) are now running into short‑term macro headwinds (risk‑off markets, BTC volatility, MSCI concerns), and the macro side is winning — for now.

SWIFT’s ISO 20022 Cut‑Over: A Big Day for Payments Narratives

Today is also important for XRP’s story, even if the immediate price impact is muted.

On 22 November 2025, SWIFT officially completed its migration to the ISO 20022 messaging standard for interbank payments, ending the coexistence period with legacy MT messages. ^[22]

A detailed explainer from CCN underlines several key points:

ISO 20022 does not “certify” any cryptocurrency, including XRP; it’s a data format standard, not an asset endorsement.
Ripple joined the ISO 20022 Registration Management Group back in 2020, and RippleNet already supports ISO 20022‑formatted messages.
Ripple’s On‑Demand Liquidity (ODL) uses XRP as a bridge asset and is technically well‑aligned with this richer messaging world, but institutional usage still depends on liquidity, regulation and real‑world demand. ^[23]

For traders, the takeaway is that today’s SWIFT cut‑over is structurally bullish for compliant, interoperable payment networks — a category where XRP clearly wants to be seen as a leader — but it doesn’t automatically translate into immediate price gains.

Regulatory Backdrop: SEC Case Over, Clarity In

Another reason XRP is back in institutional focus is that its five‑year legal battle with the U.S. SEC is now finished.

On 7 August 2025, the SEC and Ripple filed a joint dismissal of their respective appeals, formally ending the landmark lawsuit that began in 2020. District Judge Analisa Torres’ earlier ruling — which found that some institutional sales of XRP violated securities laws but secondary‑market trading of XRP was not itself a securities offering — now stands as the final word in the case. ^[24]

This clarity:

Removed a major existential risk hanging over XRP for years.
Opened the door for U.S. spot XRP ETF filings, many of which are now launching or about to launch. ^[25]

The lawsuit’s resolution is a medium‑ to long‑term positive, even if short‑term prices remain hostage to market sentiment.

Technical Picture: Key XRP Levels to Watch Today

Today’s market commentary converges on a handful of critical price zones for XRP.

Support zones

Analysts at Coinpedia and Cryptonews outline overlapping areas of support: ^[26]

$1.79 – $1.98:
- Described as a major support band, where XRP has now firmly parked.
- The recent decline into this zone is viewed as more “corrective” than impulsive, suggesting a possible bottoming attempt rather than total trend collapse.
$1.76 – $1.80 (“last line of defense”):
- Cryptonews calls this band XRP’s “final structural support”.
- A sustained break below could open the door to deeper targets around $1.55 and $1.36.
$1.61:
- DMarketForces highlights this as the 2025 low, warning that a loss of the current support zone could see XRP revisit that area. ^[27]

Momentum indicators underscore how stretched the move has become: one report notes XRP’s daily RSI recently hit the low 20s, its most oversold reading since September, historically a setup for 14–18% bounces when combined with TD Sequential buy signals. ^[28]

Resistance levels

On the upside, multiple analyses highlight stepped resistance:

$2.06 – $2.15:
- A first “must‑reclaim” band, including the 20‑day EMA and a short‑term trendline.
- Coinpedia suggests an early confirmation of strength requires a clean break above $2.14–$2.15. ^[29]
$2.20 – $2.30:
- The region TD Sequential bulls think XRP could revisit if the current oversold bounce holds. ^[30]
$2.69 – $2.84:
- Framed as a major overhead wall that has capped rallies multiple times.
- A decisive breakout above this zone would signal a genuine trend shift rather than a simple relief rally. ^[31]
$2.57 – $3.12:
- Cryptonews sees these as intermediate targets if XRP bounces cleanly from the $1.76–$1.80 band and reclaims its descending trendline. ^[32]

In simple terms: today XRP is sitting on heavy support but below equally heavy resistance, with momentum tools hinting at a possible short‑term relief move while the larger daily downtrend remains intact.

Sentiment Split: Oversold vs. Risk of Deeper Slide

Today’s research on XRP is unusually divided but can broadly be grouped into three narratives:

Short‑term bullish (“relief rally”) camp
- Points to oversold RSI, TD Sequential buy signal, and a cluster of ETF launches as catalysts for a bounce back toward $2.20–$2.30 if $1.76–$1.80 holds. ^[33]
Cautious technical camp
- Emphasizes that XRP remains locked in a descending channel since August, with each rally failing at lower levels.
- Argues that only a reclaim of $2.14+ and a break above the trendline would mark the start of a sustainable recovery rather than a dead‑cat bounce. ^[34]
Macro‑driven bearish camp
- Focuses on MSCI’s DAT consultation, Bitcoin ETF outflows, and Fed rate uncertainty as reasons risk assets could remain under pressure, potentially pulling XRP into the mid‑$1.50s if support fails. ^[35]

Wildly Bullish Long‑Term Scenarios (and Why They’re Speculative)

Several pieces published today lean into very optimistic “what if” models for XRP’s long‑term value:

One Crypto Basic article models how high XRP could go if spot XRP ETFs mimic Bitcoin’s ETF trajectory. If XRP repeated Bitcoin’s ~103% gain in the year after ETF launch, price could reach around $4.83 by late 2026. ^[36]
Another article, also using ChatGPT‑based modelling, explores scenarios where XRP handles 5–10% of global cross‑border payments or sits in major banks’ liquidity reserves. Under aggressive assumptions, these models spit out prices in the $8–$80+ range per XRP — with a 1,000‑XRP wallet hypothetically worth $8,000–$80,000+. ^[37]

These numbers are interesting thought experiments, but they rely on extreme adoption scenarios and simplified economic models. They are not forecasts and absolutely not guarantees.

If you are trading or investing, treat them as what‑if math, not investment advice.

What XRP Traders and Investors Should Watch Next

For anyone following XRP today and over the coming days, several variables look especially important:

Price action around $1.79–$1.80
- Holding this band would support the “bottoming attempt” narrative.
- Losing it convincingly puts $1.55–$1.61 back on the table. ^[38]
ETF flows and volumes
- Watch how Grayscale’s and Franklin Templeton’s XRP ETFs trade when they go live early next week, and whether Bitwise’s and Canary’s funds continue to see net inflows after the initial hype. ^[39]
Broader crypto risk sentiment
- XRP is still highly correlated with Bitcoin and macro risk assets. A stabilization in Bitcoin ETF flows or a shift in Fed expectations could quickly change the tone. ^[40]
Post‑ISO 20022 real‑world developments
- The big question after today’s SWIFT cut‑over is whether more banks publicly adopt RippleNet and ODL corridors or whether they stick to upgraded legacy rails. Concrete announcements would matter far more than narratives. ^[41]
Regulatory follow‑through
- With the SEC lawsuit over, any new U.S. regulatory guidance on crypto market structure or stablecoins could either support or dampen institutional appetite for XRP products. ^[42]

Quick XRP FAQ for Today (22 November 2025)

Is XRP up or down today?
XRP is slightly down on the day, trading around $1.90, with about a 0.5–1% 24‑hour decline and a much steeper 15% weekly loss. ^[43]

Why didn’t XRP pump on the ETF news?
Because the ETF launches arrived in the middle of a wider crypto risk‑off phase, heavy Bitcoin ETF outflows, and worries about MSCI’s treatment of crypto‑heavy equities — all of which have overshadowed otherwise bullish structural news. ^[44]

Is this a good time to buy XRP?
That depends entirely on your risk tolerance, time horizon, and portfolio strategy. XRP is sitting on major support with signs of being oversold, which some traders view as an opportunity — but a break of that support could trigger deeper downside. As always, this article is not financial advice, and you should do your own research or speak with a licensed financial adviser before investing in high‑risk assets like cryptocurrencies.