On 24 November 2025, XRP delivered one of its most closely watched trading sessions in years, holding above the $2.20 mark as new spot XRP exchange‑traded funds (ETFs) from Grayscale and Franklin Templeton made their debut on NYSE Arca.
The day combined heavy volatility, record inflows into XRP products, and historic ETF launches, all while the broader crypto market was still digesting weeks of risk‑off sentiment. [1]
XRP price today: key numbers for 24 November 2025
Different data providers use slightly different closing cut‑off times, but they broadly agree on the shape of the move:
- Spot price range: XRP traded roughly between $2.03 and $2.28 during the session. [2]
- End‑of‑day price:
- 24‑hour performance: Most outlets reported XRP gaining 8–10% over 24 hours as ETF trading kicked off. [5]
- Market capitalization: XRP’s market cap sat in the $130–135 billion range, keeping it firmly inside the global top‑four cryptocurrencies by value. TechStock²+2Coinspeaker+2
- Trading volume: On major spot markets and ETF venues combined, daily turnover for XRP ran into the multi‑billion‑dollar range, with several analyses putting spot volume alone comfortably above $6 billion. TechStock²+2Coinspeaker+2
- Fiat pairs: On Coinbase’s euro market, XRP printed a new all‑time high near €1.98 on 24 November, with spot price around €1.91–1.95 later in the day. [6]
In short: XRP spent most of the session comfortably above $2, briefly challenged the mid‑$2.20s, and ended the day with a strong green candle.
Why XRP moved: Wall Street spot ETFs go live
The main story behind today’s move is simple: regulated spot ETFs for XRP finally hit a major U.S. exchange.
1. Grayscale’s GXRP and Franklin’s XRPZ launch on NYSE Arca
Two new spot XRP ETFs started trading on NYSE Arca on 24 November:
- Franklin Templeton launched the Franklin XRP ETF (XRPZ), structured as a grantor trust that holds XRP directly and tracks the CME CF XRP‑Dollar Reference Rate, with Coinbase Custody as custodian and BNY Mellon as administrator. Franklin described XRP as “foundational” to global settlement infrastructure in its materials. [7]
- Grayscale converted its existing XRP trust into Grayscale XRP Trust ETF (GXRP), offering 0% fees for an introductory period to attract assets and providing “straightforward exposure” to XRP for brokerage clients. [8]
Coverage from BeInCrypto, CoinDesk, The Block and others framed the combined launches as a watershed moment that gives traditional investors regulated access to XRP through standard brokerage accounts, without dealing directly with crypto exchanges or self‑custody. [9]
2. Strong opening flows into XRP ETFs
Early data suggests the new products drew immediate demand:
- Coinspeaker, citing SoSoValue data, reported that Grayscale’s GXRP and Franklin’s XRPZ together attracted about $164 million in net inflows on day one, bringing total spot XRP ETF assets to around $628.6 million across four issuers (including earlier funds from Bitwise and Canary Capital). [10]
- Coinpaper noted that Franklin’s XRPZ dominated the first 90 minutes of trading, moving about 283,000 shares worth roughly $6.47 million, outpacing rival XRP products on the NYSE. [11]
Analysts quoted across these reports stressed that high opening‑day liquidity and tight spreads are critical for ETF success, and today’s debut suggested healthy institutional and professional interest in XRP‑linked products. [12]
XRP bucks a $1.94 billion outflow wave from crypto funds
One of the most striking statistics behind today’s XRP price strength is how differently it behaved from the rest of the crypto fund universe.
A CoinShares‑based analysis highlighted by BeInCrypto shows: [13]
- Digital asset investment products saw about $1.94 billion in outflows over the previous week — one of the biggest weekly outflow streaks since 2018.
- XRP was the standout exception, attracting roughly $89.3 million in net inflows, while Bitcoin and Ethereum funds recorded sizeable withdrawals.
- Over the past four weeks, cumulative outflows across all crypto funds hit around $4.92 billion, equal to nearly 2.9% of total assets under management.
CryptoNews and other outlets echoed the same numbers in their ETF coverage, underscoring that XRP’s institutional capital flows are diverging sharply from the rest of the market. [14]
That combination — fresh ETF launches plus sustained fund inflows — is a key reason XRP held above $2.20 even as traders took profits and broader sentiment remained cautious.
Intraday XRP price action: from $2.03 support to the mid‑$2.20s
Behind the headline move, today’s XRP session was a tug‑of‑war between bullish ETF news and stubborn technical resistance.
Trading range and technical levels
A detailed technical review from CoinDesk’s markets desk (German edition) describes the intraday structure roughly as follows: [15]
- Opening and early moves: XRP traded around $2.13 early in the session before sliding toward $2.08 as traders sold into strength around ETF headlines.
- Key support: Price repeatedly tested the $2.03–$2.05 demand zone, which had already acted as a crucial floor in previous sessions.
- Immediate resistance: Bulls struggled to reclaim $2.14–$2.15, with multiple rallies rejected near that band.
- Higher resistance: A wider $2.20–$2.24 cluster remained the next obstacle, and although spot markets briefly pushed above $2.20, they did not yet secure a decisive close above that zone.
The same analysis warned that a clean break below $2.03 could open downside toward ~$1.91, a level that previously hosted major liquidity and would likely attract aggressive dip‑buyers if retested. [16]
Triangle break and bullish patterns
Brave New Coin, which had already been tracking a multi‑year ascending triangle on XRP’s higher‑timeframe chart, argued that the pattern’s breakout is still in play, with today’s ETF news acting as a fundamental confirmation. [17]
- Their coverage notes that XRP has spent much of 2025 carving out higher lows while repeatedly testing a flat resistance zone, creating a classic triangle structure that, historically, often resolves higher.
- Depending on how you measure the pattern’s height, some analysts see potential targets in the $3–3.50 range over coming months — if price can hold above key support and avoid deeper corrections. [18]
At the same time, analysts quoted by DLNews and Coinspeaker emphasize shorter‑term patterns such as Fibonacci retracements and broadening wedges, suggesting that a move above $2.30–$2.50 would be needed to really confirm that a medium‑term bottom is in. [19]
Macro backdrop: crypto market back above $3 trillion
XRP’s strong day didn’t happen in isolation.
A separate market overview from CryptoNews notes that on 24 November: [20]
- The total crypto market cap climbed back above $3 trillion, to roughly $3.06 trillion.
- Bitcoin traded around $86,900, up about 1.3% in 24 hours.
- Ether reclaimed the $2,800+ area, also in the green.
- Most of the top 10 cryptocurrencies posted gains, with XRP standing out as one of the stronger performers.
Analysts in that piece stress that macro forces — including U.S. equities stabilizing and evolving expectations for Federal Reserve policy — still heavily shape Bitcoin’s trajectory, which in turn influences altcoins like XRP.
So while today’s XRP move is clearly ETF‑driven, it’s unfolding within a market that is tentatively risk‑on again after a choppy November.
How today fits into the bigger XRP story
To understand why 24 November 2025 is such an important date for XRP, it helps to zoom out.
1. Regulatory fog finally cleared in 2025
For years, XRP’s price action was overshadowed by the U.S. Securities and Exchange Commission’s lawsuit against Ripple. That changed earlier in 2025:
- BeInCrypto notes that the SEC and Ripple reached a settlement around $125 million, with no admission of wrongdoing, effectively ending the long‑running case and removing a major overhang for U.S. institutions. [21]
- After that settlement, major exchanges relisted XRP, and ETF issuers began preparing spot products in anticipation of clearer rules — preparations that are now visible in the clustering of XRP ETF launches over the past few weeks. [22]
2. Ripple’s business model and stablecoin strategy
Alongside ETF news, several reports this month highlight how Ripple’s own business model is evolving:
- Ripple has been promoting its RLUSD stablecoin and a broader suite of enterprise products designed to reduce reliance on selling XRP from escrow to fund operations. Reportage cited by TS2 and others describes this as an attempt to shift revenues away from structurally dilutive XRP sales and toward fee‑based services. TechStock²+1
- Earlier in November, Reuters reported that Ripple raised $500 million at a $40 billion valuation, with major traditional finance names participating — further evidence of institutional appetite for the company’s broader strategy. [23]
If successful, this combination (stablecoin revenues + enterprise services + ETFs) could reduce long‑term sell pressure on XRP, even if it doesn’t eliminate short‑term volatility.
3. Monthly escrow unlock still looms
Not all supply‑side news is bullish. Finbold reported on 24 November that Ripple will unlock another 1 billion XRP from escrow on 1 December, continuing its long‑standing monthly release schedule. [24]
Historically, Ripple has re‑escrowed or slowly distributed much of these tranches, but markets will still be watching:
- How much of that billion actually makes its way to exchanges.
- Whether today’s ETF‑driven demand can absorb any additional supply without pushing price back under $2.00.
Key XRP news headlines dated 24 November 2025
Here’s a quick round‑up of the main XRP‑related stories actually dated 24 November 2025, and how they connect to today’s price action:
- “XRP Jumps 9% as Franklin Templeton and Grayscale Launch Spot ETFs” – BeInCrypto
- Reports XRP jumping to around $2.27 as Franklin’s XRPZ and Grayscale’s GXRP go live, highlighting the asset’s role in global settlement and the impact of Ripple’s SEC settlement on institutional access. [25]
- “XRP Bucks the Trend as Crypto Funds See $1.94 Billion Weekly Outflows” – BeInCrypto
- Details how XRP investment products attracted $89.3 million in inflows while the wider crypto fund universe bled money, framing XRP as a rare bright spot in institutional positioning. [26]
- “XRP Falls to $2.08 as Grayscale’s GXRP ETF Debut Fails to Ignite Market” – CoinDesk (DE)
- Focuses on intraday weakness despite ETF news, explaining the importance of the $2.03 support zone and warning of potential dips toward $1.91 if that level fails. [27]
- “NYSE Debut Shock: Franklin Templeton XRP ETF Dominates Opening 90 Minutes as Grayscale Tags Along” – Coinpaper
- Shows Franklin’s XRPZ ETF leading early ETF trading with roughly 283,000 shares and $6.47 million in value, underlining strong early demand for XRP exposure. [28]
- “XRP Price Primed for 22% Breakout as Grayscale’s GXRP ETF Launches Monday” – DLNews
- Quotes analysts who see room for a 22% upside toward $2.50–2.75, contingent on ETF volumes and broader altcoin sentiment, while noting XRP is still down over 40% from its July all‑time high. [29]
- “Ripple to Unlock 1 Billion XRP on December 1” – Finbold
- Reminds traders that the next escrow unlock is just days away, a factor likely to influence positioning and sentiment into the start of December. [30]
Together, these stories capture the push‑and‑pull between bullish structural change (ETFs, inflows, regulation) and ongoing technical and supply risks.
What traders and investors are watching after today
Looking beyond 24 November’s closing print, markets will be watching several key factors:
- ETF flows and liquidity
- Do GXRP, XRPZ and their earlier rivals keep pulling money in over the next few weeks, or was today a one‑day spike? Persistent inflows would strengthen the longer‑term bull case. [31]
- The $2.00–$2.05 support zone
- As multiple analyses stress, this region is now a line in the sand for bulls. A firm hold keeps the ascending‑triangle narrative intact; a breakdown would shift focus back toward $1.90 and possibly the high‑$1 range. [32]
- The 1 December escrow unlock
- Traders will monitor on‑chain data to see how much of the unlocked 1 billion XRP winds up on exchanges and whether Ripple re‑locks a large portion as it has in the past. [33]
- Bitcoin and macro environment
- If Bitcoin extends its rebound and macro risk sentiment improves, XRP’s high‑beta profile could amplify any upside — but the reverse is also true if risk appetite fades again. [34]
For now, 24 November 2025 looks like a pivot point: XRP has the ETFs, inflows and narrative it long lacked, but still needs to prove it can build a durable base above $2 in the face of regular supply unlocks and a still‑fragile macro backdrop.
Important disclaimer
This article is for informational and news purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency assets, including XRP, are highly volatile and can result in total loss of capital. Always do your own research, consider your risk tolerance, and, if needed, consult a licensed financial professional before making investment decisions.
References
1. www.coinbase.com, 2. www.investing.com, 3. www.investing.com, 4. ycharts.com, 5. beincrypto.com, 6. www.coinbase.com, 7. beincrypto.com, 8. beincrypto.com, 9. beincrypto.com, 10. www.coinspeaker.com, 11. coinpaper.com, 12. coinpaper.com, 13. beincrypto.com, 14. cryptonews.com, 15. www.coindesk.com, 16. www.coindesk.com, 17. bravenewcoin.com, 18. bravenewcoin.com, 19. www.dlnews.com, 20. cryptonews.com, 21. beincrypto.com, 22. beincrypto.com, 23. www.reuters.com, 24. finbold.com, 25. beincrypto.com, 26. beincrypto.com, 27. www.coindesk.com, 28. coinpaper.com, 29. www.dlnews.com, 30. finbold.com, 31. www.coinspeaker.com, 32. www.coindesk.com, 33. finbold.com, 34. cryptonews.com


