XRP Price Today, 20 November 2025: NYSE ETF Debut Fails to Ignite a Breakout as Bears Target $2 Support

XRP is trading around $2.11–$2.13 on Thursday, 20 November 2025, down roughly 1% over the last 24 hours and sitting well below its early‑month highs near $2.50. Major data providers place its live market cap close to $128 billion, keeping XRP firmly in the global top four cryptocurrencies by valuation. ^[1]

Despite the much‑anticipated launch of the Bitwise XRP ETF on the New York Stock Exchange (NYSE), XRP’s price remains under pressure, with traders focused on whether the long‑defended $2.00–$2.10 support zone can hold through the current crypto market sell‑off. ^[2]

XRP price today: key levels and market snapshot

As of publication on 20 November 2025:

Spot price: ≈ $2.12 (most major trackers show between $2.11 and $2.13) ^[3]
24h change: about ‑1% ^[4]
Today’s intraday range: roughly $2.03 – $2.15
Market capitalization: about $128 billion, ranking XRP #4 in the global crypto market ^[5]
24h trading volume: around $5.5–$6.0 billion ^[6]

On a weekly basis, XRP is down in the low‑teens percentage range, after sliding from levels above $2.40 earlier in November and from a mid‑July peak near $3.65. ^[7]

In short, XRP price today remains range‑bound around $2.10, with traders weighing fresh institutional demand from spot ETFs against a clearly weakening technical structure and a risk‑off macro backdrop.

Bitwise XRP ETF launches on NYSE – a historic milestone for XRP

The biggest fundamental story for XRP on 20 November is the official launch of the Bitwise XRP ETF (ticker: XRP) on the NYSE, widely described as the first U.S. spot ETF that directly holds XRP. ^[8]

Key details from Bitwise and related reports:

The ETF holds spot XRP rather than futures, giving traditional investors regulated exposure to the token. ^[9]
The fund charges a 0.34% management fee, which Bitwise is waiving for the first month on the first $500 million in assets to attract inflows. ^[10]
Commentary highlights XRP’s 13‑year operating history and a market cap above $120 billion, emphasizing its role in cross‑border payments and its long‑running ledger infrastructure. ^[11]

Regulatory‑focused coverage notes that the ETF arrives as U.S. securities regulators appear to ease their stance, with estimates of a 30% drop in crypto enforcement actions in 2025 and the high‑profile Coinbase case dismissal helping to clear the way for new products. ^[12]

From a narrative standpoint, this places XRP alongside Bitcoin and Ethereum in the “ETF era”, reinforcing its status as a core large‑cap crypto asset rather than a fringe token.

Yet, price action today is not behaving like a celebration.

ETF inflows vs. price: “sell the news” dominates

Even before the Bitwise product, XRP was already benefiting from ETF‑driven institutional interest:

The Canary Capital XRP ETF (XRPC), launched on 13 November, is reported to have attracted over $58.5 million in first‑day turnover and roughly $128 million in volume over its first four trading days, placing it among the stronger ETF debuts of 2025. ^[13]
A separate analysis notes day‑one inflows of about $58.5 million and continued daily net inflows, pushing total Canary ETF flows toward the $250–300 million mark. ^[14]

A new report today argues that if heavy inflows persist, spot XRP ETFs could eventually “gobble up” much of the free‑floating supply, potentially creating a future “supply shock” scenario for the token. ^[15]

However, short‑term price hasn’t followed the ETF hype:

One price‑focused article notes that XRP fell roughly 8% below $2 as traders used ETF news to take profits, with spot trading volumes down about 30% after the initial inflow surge. ^[16]
Another piece on Canary’s ETF stresses that XRP’s chart remains in a broad downtrend, with the ETF’s strong launch failing to immediately pull price out of its corrective pattern. ^[17]

This combination—strong ETF inflows but sagging spot price—suggests that long‑term institutional accumulation is being offset by shorter‑term traders selling into strength, a classic “sell‑the‑news” dynamic.

Broader crypto sell‑off and Bitcoin “Death Cross” weigh on XRP

Today’s XRP price cannot be separated from the wider crypto market:

A feature on XRP’s slide notes that the token broke below the key $2.15 support level, dropping about 3–4% in a single session as Bitcoin formed a so‑called “Death Cross”, a bearish technical pattern that shook confidence across major altcoins. ^[18]
Another business outlet attributes this week’s crypto weakness to macro concerns and profit‑taking by long‑time holders, with XRP highlighted as one of the large‑cap tokens that has “kept falling” amid a sector‑wide risk‑off move. ^[19]

Taken together, these narratives frame today’s XRP price as the result of two opposing forces:

Structural bullish drivers – new U.S. ETFs, regulatory clarity, and growing institutional access. ^[20]
Cyclical bearish pressure – broader crypto risk aversion, technical breakdowns, and profit‑taking after a multi‑month rally. ^[21]

At least for now, the cyclical forces seem to be winning, keeping XRP capped near $2.10 despite a landmark day for its ETF ecosystem.

Technical analysis: key XRP levels traders are watching today

Compression inside a triangle

Several technical‑analysis reports published on 20 November 2025 point to a converging pattern on the XRP chart:

One market note describes XRP trading near $2.13 and compressing inside a tightening triangle pattern, with price down about 14% over the past week and 12% over the past month, yet still more than 40% below July’s all‑time high around $3.65. ^[22]
The same analysis says 24‑hour volume has ticked up, suggesting traders are positioning ahead of the Bitwise ETF catalyst rather than abandoning the market. ^[23]

In other words, XRP price today is consolidating, but the range is narrowing enough that a decisive move—up or down—looks increasingly likely.

Bearish triangle and $1.55 downside risk

Other analysts are more cautious:

A forex‑focused update notes XRP trading just above $2.10, but down about 11% on the week, and warns that a descending triangle is forming with potential downside toward $1.55 if current support fails. ^[24]
The article also highlights a sharp 90%+ drop in daily active addresses on the XRP Ledger, raising concerns about weakening on‑chain activity even as ETF headlines dominate. ^[25]

This view paints $2.10–$2.00 as a “last line of defense” before a deeper correction.

Critical support band: $2.06–$2.15 and the $1.97 line in the sand

Short‑term traders are laser‑focused on a specific zone:

An AMBCrypto analysis describes the $2.06–$2.15 range as a “bullish fortress” on the daily and 4‑hour charts. A daily close below $2.06 or a 4‑hour close below about $1.97 is flagged as confirmation that the downtrend has resumed, potentially opening the door for short setups. ^[26]
The same piece notes liquidity clusters around $1.97–$2.01, a region traders are watching for potential long entries with tight invalidation if bulls manage to hold it. ^[27]

For XRP price today, this boils down to a simple technical framing:

Hold above roughly $2.05–$2.10, and the ETF narrative might still power a breakout. Lose that range decisively, and analysts see scope for a slide toward the mid‑$1s.

Fundamental backdrop: from SEC fight to DeFi and staking ideas

Beyond price and ETFs, several development and governance stories are shaping sentiment around XRP on 20 November.

Regulatory easing and SEC posture

Coverage from AI‑driven and crypto‑native news desks emphasizes that the Bitwise ETF approval coincides with a softer regulatory tone:

Estimates point to roughly a 30% decline in SEC enforcement actions against crypto firms in 2025, along with the dismissal of the Coinbase case, as signs of a more measured approach from regulators. ^[28]
XRP’s 13‑year history, high settlement throughput and role in cross‑border payments are frequently cited as reasons regulators are more comfortable with an XRP ETF at this stage. ^[29]

This marks a stark contrast with the multi‑year SEC lawsuit that once defined XRP’s narrative.

Ripple CTO’s staking and governance token proposal

On the protocol side, Ripple CTO David Schwartz has sparked debate by floating a two‑tier staking system and a new governance token for the XRP Ledger:

Reports summarize the idea as a way to reward staking while avoiding excess centralization, by giving validators more control over which stakes are accepted and creating a separate, non‑economic governance token to manage validator lists. ^[30]
Coverage today also stresses that Schwartz has denied speculation about an XRP fork, clarifying that the governance token concept is a thought experiment aimed at DeFi and staking design, not a plan to split the network. ^[31]
Separately, a report notes that Ripple is exploring ways to bring staking and DeFi primitives to the XRP Ledger, potentially widening XRP’s utility beyond cross‑border payments. ^[32]

For price, none of these proposals are immediate catalysts, but they feed longer‑term narratives about XRP’s competitiveness in a DeFi‑heavy future.

Kraken’s $91 XRP glitch: a reminder of market plumbing risks

An unusual story doing the rounds today concerns a price glitch on Kraken, where XRP briefly printed around $91.62 yesterday—over 4,000% above its actual market price. ^[33]

A community builder from the ICP ecosystem has suggested the spike likely stemmed from how the exchange handles cost averages on large limit orders, where a tiny fill at an extreme price can distort reported prices if not handled carefully. ^[34]
Crucially, there is no evidence that this represented real, broad‑based trading at $91; other exchanges and indices continued to track XRP close to the low $2 range. ^[35]

For traders, the glitch is less a bullish omen and more a warning about exchange infrastructure, data integrity, and the risks of over‑reliance on single‑venue price feeds.

Analyst XRP price predictions after today’s ETF launch

Despite the choppy short‑term price, XRP price predictions continue to flood in on 20 November.

Short‑ to medium‑term targets

A prominent algorithm‑driven trader cited today believes XRP could ultimately climb toward about $5.71, identifying intermediate upside zones around $3.82, $4.44 and $5.17—levels he says coincide with “dark‑pool liquidity” detected by his systems. ^[36]
The same analysis marks $2.21, $2.06, $1.90 and $1.56 as accumulation zones, implying that price could still revisit lower levels, including the mid‑$1s, before any large move higher. ^[37]
Changelly’s quantitative outlook for November 2025 projected a monthly trading range between about $2.07 and $2.15, with an average near $2.11—almost exactly where XRP is trading today. ^[38]

In other words, XRP price today is sitting near the upper bound of the conservative near‑term range, but well below more ambitious trader targets.

Longer‑term projections

Long‑horizon calls vary widely:

A stock‑market commentary column argues that while Ripple’s regulatory cloud has largely lifted, XRP still faces competition and adoption hurdles; the piece implies moderate but not explosive returns over a five‑year window. ^[39]
Another widely shared note suggests XRP could reach around $12.50 by 2028, implying roughly 4–5× upside from current levels if the ETF era and payments adoption thesis play out. ^[40]

These are speculative forecasts, not guarantees. They underscore just how polarized sentiment around XRP remains: some see a maturing, large‑cap asset with limited upside, while others still anticipate multi‑hundred‑percent gains.

How today’s XRP price fits into the bigger 2025 picture

Looking beyond the day‑to‑day volatility, a few themes stand out:

ETF era has officially arrived for XRP
- Multiple spot ETFs—led by Canary Capital and now Bitwise on the NYSE—signal that institutional access is no longer a constraint. ^[41]
Regulation is less of an existential risk than before
- With a friendlier SEC posture and recent court outcomes, headline risk from U.S. regulators has eased, even if it hasn’t translated into immediate price euphoria. ^[42]
The chart is at a crossroads
- XRP is well above its pre‑ETF, sub‑$1 era, but also well below its recent $3.60+ highs, stuck near a critical $2 support cluster that technicians view as decisive for the next big move. ^[43]
On‑chain and trading activity are sending mixed signals
- ETF inflows and rising spot volume ahead of catalysts point to growing speculative interest, while reports of sharp drops in active addresses raise questions about underlying network usage. ^[44]
Innovation and governance debates continue in the background
- Ripple’s exploration of staking, DeFi integrations and governance tokens shows that protocol‑level evolution is ongoing, even if it has yet to move the needle on price today. ^[45]

What traders and investors may watch next

For market participants tracking XRP price today and in the days ahead, several focal points emerge:

The $2.06–$2.10 zone
A sustained daily close above this zone keeps open the possibility of a triangle breakout fueled by ETF narratives. A decisive close below it would strengthen the bearish case toward $1.90–$1.55 support. ^[46]
ETF asset growth
Watch how quickly the Bitwise XRP ETF accumulates assets in its first days of trading and whether Canary Capital’s XRPC continues to attract net inflows. Rapid growth could reignite the “supply shock” thesis; stagnation might embolden short‑term bears. ^[47]
Macro risk sentiment
If Bitcoin’s “Death Cross” coincides with deeper macro risk‑off moves, altcoins like XRP could remain under pressure regardless of positive project‑specific news. ^[48]
Network fundamentals
Future data on daily active addresses, transaction counts and DeFi usage on the XRP Ledger will help confirm whether today’s downturn is primarily speculative or accompanied by fundamental weakening. ^[49]

Important disclaimer

This article is for informational and news purposes only and does not constitute financial or investment advice. Cryptocurrency prices are highly volatile and can move rapidly in either direction. Always do your own research and consider consulting a licensed financial professional before making any investment decisions.

🚨HUGE! 3 NEW XRP ETFS LAUNCHING SOON & BLACKROCK ETHEREUM STAKING ETF!