XRP is back under psychological support today, trading around $1.90 after a sharp sell‑off that has dragged the broader crypto market lower and erased nearly a month of gains.
Despite strong early demand for the new spot XRP exchange‑traded funds (ETFs) in the U.S., Ripple’s native token is firmly in risk‑off mode as Bitcoin, equities and altcoins all feel the squeeze.
Quick disclaimer: This article is for news and educational purposes only and is not financial advice. Always do your own research and never invest money you can’t afford to lose.
XRP Price Today: Key Numbers at a Glance
- Current XRP price: about $1.90
– Intraday high: $2.13
– Intraday low: $1.90 - 24‑hour performance: roughly ‑10% versus yesterday’s close near $2.12. [1]
- Weekly performance: XRP has lost around 16% over the last seven days, dropping from above $2.20 and decisively losing the $2.00 support zone. [2]
- Monthly performance: Analysts note a drawdown of roughly 19% this month as XRP unwinds a large chunk of its Q4 rally. [3]
- Market cap & rank: With a circulating supply around 60.2 billion XRP, today’s price implies a market cap in the $115–120 billion range, keeping XRP in the global top five by crypto market value. [4]
Multiple data providers (including coin trackers and exchanges) show XRP fluctuating just under the $2.00 mark for most of Friday’s session, with modest spreads between $1.90 and $1.97 depending on venue and FX rates. [5]
Why Did XRP Drop Below $2 Today?
Today’s XRP move is less about Ripple specifically and more about a macro‑driven crypto washout.
1. Market‑wide risk sell‑off
A violent downturn across risk assets hit crypto overnight:
- Total crypto market cap fell to around $2.95 trillion, with major coins losing 7–8% in 24 hours. [6]
- Analysts track nearly $1 billion in forced liquidations across derivatives, accelerating the downside move. [7]
- In traditional markets, the S&P 500 shed roughly $1.5 trillion in value intraday, while Bitcoin briefly plunged toward $87,000, triggering broad de‑risking across altcoins including XRP. [8]
Coinpedia reports that XRP’s slide to the $1.92 area on Friday came as Bitcoin dropped into the $84,000 zone and Ethereum slipped below $3,000, reinforcing how tightly XRP is currently tracking overall market sentiment. [9]
2. Whales and liquidation cascades
Fresh on‑chain and derivatives data suggests heavy positioning and forced selling:
- U.Today highlighted that roughly $400 million worth of XRP (around 200 million tokens) appears to have been offloaded over just two days, much of it linked to large holders moving coins towards exchanges. [10]
- A separate U.Today report flagged an “insane” 3,554% liquidation imbalance in XRP derivatives over a single hour, alongside an $81.1 million transfer to Coinbase, underscoring how imbalanced order books became during the crash. [11]
These kinds of flows amplify short‑term volatility: once price breaks through a key level (like $2.00), automated liquidations and stop‑loss orders can accelerate the move to the downside before spot buyers step back in.
3. “News versus price” disconnect
From a headline perspective, XRP arguably should be celebrating:
- A second U.S. spot XRP ETF (from Bitwise Asset Management) just launched, while the first (Canary Capital’s XRPC) recently set a 2025 record for new ETF volume. [12]
- Multiple additional XRP ETFs from Franklin Templeton, Grayscale, 21Shares and CoinShares are queued up for late November launches, pending and following SEC approvals. [13]
Yet Coinpedia notes that XRP ETF launches have so far failed to lift the token’s price in the face of a macro‑driven crash, with today’s retreat below $2 wiping out nearly a month of gains. [14]
In other words, macro and leverage are currently louder than “good news” – at least in the short run.
XRP Spot ETFs: Big Volumes, Limited Short‑Term Impact
Even if the price isn’t reflecting it yet, the ETF rollout is a major structural milestone for XRP.
Bitwise XRP ETF (ticker: XRP)
CoinCentral reports that: [15]
- Bitwise’s spot XRP ETF listed on NYSE Arca on November 20.
- It generated $25.93 million in first‑day trading volume (over 1.12 million shares).
- Data from ETF monitors shows over $105 million in early inflows, which one Bloomberg analyst called “impressive” given the brutal market backdrop.
Canary XRPC and the ETF race
The Bitwise launch followed Canary Capital’s XRPC ETF, which: [16]
- Recorded about $58.5 million in first‑day volume and $245 million in net inflows.
- Has been described as the strongest ETF debut of 2025 across more than 900 launches.
Earlier, REX/Osprey’s XRPR fund posted roughly $38 million in first‑day volume and quickly climbed above $150 million in assets under management, further illustrating rising institutional interest in XRP exposure. [17]
More issuers, including Franklin Templeton and Grayscale, are now targeting November 24 for their own spot XRP ETF launches, while 21Shares and CoinShares move through SEC review windows. [18]
Why hasn’t price moon‑shot?
Coinpedia’s coverage frames today’s move bluntly: even with strong ETF trading activity and robust inflows, the market‑wide crash simply drowned out the bullish catalyst, dragging XRP under $2 as leveraged longs were flushed out across the board. [19]
A separate analysis from Indonesian platform Pintu adds that ETF inflows might support XRP more gradually over time by absorbing circulating supply, rather than triggering an instant spike. [20]
Whale Flows, Accumulation Zones and the $1.90 Level
As price stabilizes around $1.90, traders are watching whether this zone becomes capitulation…or accumulation.
$1.90 as a “hotspot” support
A new report from Coinpaper highlights analysis by crypto researcher Ripple Bull Winkle, who maps out four key XRP accumulation zones: $1.56, $1.90, $2.06 and $2.21. [21]
- $1.90 is described as a “critical support” where buying interest could intensify as price approaches or briefly dips below it.
- $2.06–$2.21 are framed as near‑term resistance / consolidation zones, areas where traders might take partial profits or wait for confirmation of a breakout.
- $1.56 is flagged as a much deeper accumulation zone – potentially appealing to high‑conviction long‑term bulls if the market enters a more prolonged downtrend. [22]
Coinpaper notes that with XRP trading around $1.94 earlier in the session, the market was “hovering” just above that $1.90 band, making today’s print near $1.90 a critical test of this thesis.
Weekly technical picture: range and risk
CryptoPotato’s Friday price analysis paints a similarly cautious picture: [23]
- XRP has lost its $2.00 support, dropping about 16% on the week.
- The token is now trading within a wide range between roughly $1.60 and $3.60.
- Key downside supports are identified near $1.80 and $1.60.
- A decisive break below $1.60 could open the door to a more prolonged bear market for XRP.
CoinCentral echoes that view, warning that a daily close well below $2.00 strengthens the probability of a test of $1.80, and potentially $1.60, if selling persists. [24]
Put simply: $1.90 may be an interesting short‑term line in the sand, but the “hard” supports sit a bit lower.
Sentiment Check: Extreme Fear vs. Quiet Accumulation
The emotional backdrop today is as important as the technicals.
Indicators scream “fear”
Changelly’s technical dashboard for XRP shows: [25]
- Real‑time price around $1.94 (earlier in the day).
- 87% of tracked indicators flashing bearish signals.
- Its Fear & Greed Index sitting at 11, deep in “Extreme Fear” territory.
That aligns with the broad, risk‑off environment we’re seeing across Bitcoin, Ethereum, stocks and altcoins.
But ETF bulls see a slow‑burn set‑up
In a widely shared analysis covered by Times Tabloid, Ripple Bull Winkle recently argued that the “XRP price explosion nobody sees coming” may arrive after a long, quiet period of steady ETF inflows rather than a dramatic day‑one spike. [26]
Key points from his view:
- ETF inflows often “start boring” – small, repeated purchases that don’t move price right away. [27]
- Over time, weekly, rules‑based buying could tighten supply, especially if spot ETFs are competing with each other to accumulate. [28]
- XRP’s fixed supply structure could make it more sensitive to persistent demand if coins get pulled into long‑term custodial vehicles. [29]
That’s a long‑horizon argument, not a justification for today’s price action – but it helps explain why some holders are treating this downturn as a structural buying opportunity rather than the end of the story.
A counterweight to hype: “Don’t expect $10 or $589 overnight”
At the same time, a separate piece from The Crypto Basic highlights an expert urging the XRP community to dial down unrealistic expectations. He warns that popular community targets like $10 or even meme levels in the hundreds of dollars per XRP are highly speculative, even with ETF tailwinds, and advocates allowing ETF flows to “do their job” gradually instead of expecting instant parabolic moves. [30]
The takeaway: sentiment is split – social media is still buzzing with moonshots, but many analysts and commentators are openly preaching patience and risk control.
Regulation, SWIFT and the “Infrastructure” Story Behind XRP
Beyond today’s price candles, there were two important structural stories breaking around XRP and the wider crypto market.
Basel Committee: Rethinking bank capital rules for crypto
Coinpaper notes that the Basel Committee Chair has acknowledged the need to overhaul proposed capital rules for digital assets, a potentially big deal for any crypto used in institutional finance. [31]
- Under currently proposed frameworks, some bank exposures to crypto could face risk weights up to 1,250%, effectively making full‑scale participation uneconomical and creating what analysts liken to a “shadow ban” on crypto banking. [32]
- A review of those rules could, if it results in more balanced requirements, open the door to broader institutional involvement in assets like XRP over time. [33]
This doesn’t instantly change XRP’s valuation, but it’s an important backdrop if banks are ever to handle larger volumes of tokenized payments and settlements.
SWIFT and ISO 20022: A narrative boost
Another piece, from FX Leaders, points out that SWIFT expects around 90% of global payment traffic to migrate to the ISO 20022 messaging standard by early 2026. [34]
Because Ripple and the XRP Ledger have long emphasized ISO 20022‑compatible infrastructure, some commentators interpret SWIFT’s shift as a tailwind for the XRP ecosystem – at least at the narrative level. [35]
To be clear:
- SWIFT has not announced any official XRP integration.
- The connection here is more about standards alignment than direct adoption.
Still, in a market where long‑term stories matter, the combination of ISO 20022 migration, Basel rule re‑writes and spot ETFs all support the idea that XRP may remain deeply embedded in institutional conversations about cross‑border payments, even if today’s price is flashing red.
XRP Price Levels to Watch After Today’s Crash
Putting all of this together, here are the key XRP levels most analysts are watching right now:
Immediate levels (short term)
- $1.90 – Today’s key spot level and a highlighted accumulation hotspot in Coinpaper’s analysis. A daily close well above it would suggest dip‑buyers are active; a decisive loss could invite a test of lower supports. [36]
- $2.00 – A psychological barrier and former support now turned resistance. CryptoPotato and CoinCentral both emphasize that $2 has flipped from floor to ceiling in this week’s sell‑off. [37]
- $2.06–$2.21 – Short‑term resistance band / take‑profit area, where some traders might look to de‑risk if a bounce materializes. [38]
Deeper support (if selling continues)
- $1.80 – Frequently cited as the next major support, where some analysts see a realistic target if Bitcoin remains under pressure. [39]
- $1.60–$1.56 – A critical long‑term zone; CoinPotato warns that losing $1.60 could usher in a prolonged bear phase, while Coinpaper flags $1.56 as the lowest major accumulation level on current maps. [40]
As always, these levels are probabilistic waypoints, not guarantees. Markets can overshoot in both directions, especially when liquidations and news flow collide.
Short‑Term XRP Price Scenarios (Not Financial Advice)
Given today’s data, analysts and traders are broadly debating three near‑term scenarios for XRP:
- Relief bounce toward $2.06–$2.21
- If Bitcoin stabilizes above recent lows and ETF inflows remain steady, XRP could attempt a retest of the broken $2.00 level and possibly climb into the $2.06–$2.21 band. [41]
- That would likely be framed as a “dead‑cat bounce” or range‑bound consolidation, not yet a full trend reversal.
- Sideways chop around $1.80–$2.00
- Many macro commentators describe the current downturn as a mid‑cycle correction, not a terminal top, which could translate to XRP oscillating between roughly $1.80 and $2.10 as the market digests ETF flows, macro data and regulatory headlines. [42]
- Deeper flush toward $1.60–$1.56
- If Bitcoin revisits lower supports and risk appetite deteriorates further, analysts warn that XRP could extend the downtrend into the mid‑$1.60s or even the $1.56 zone highlighted by Coinpaper. [43]
- Such a move might accompany another wave of liquidations and whale offloads, similar to the $400M of XRP that has already hit the market in recent days. [44]
None of these paths is certain, and actual performance will depend heavily on:
- Bitcoin’s ability (or failure) to reclaim key levels.
- The pace and persistence of inflows into XRP ETFs.
- Broader macro headlines (rates, equity volatility, regulation).
How Traders and Long‑Term Holders Are Likely Reading Today
Different market participants will interpret today’s XRP price very differently:
- Short‑term traders
- Focus on volatility, liquidations and intraday levels like $1.90 and $2.00.
- May treat bounces as scalping opportunities rather than long‑term trend shifts.
- Swing traders / medium‑term speculators
- Watching the $1.80 and $1.60 bands closely as potential “bigger picture” supports.
- Keeping an eye on ETF volume, on‑chain flows, and Bitcoin dominance to judge whether this is a buy‑the‑dip zone or the start of a bigger unwind.
- Long‑term XRP believers
- More interested in the structural pieces: ETF proliferation, Basel rule reconsideration, SWIFT’s ISO 20022 migration, and institutional narratives around cross‑border payments. [45]
- Some see steady ETF accumulation and constrained supply as setting the stage for future upside that might not show up on today’s chart. [46]
Whatever your time frame, it’s worth emphasizing again:
This is a highly volatile asset in a highly volatile market.
Position sizing, risk management and independent research matter far more than any single headline or tweet.
Bottom line for November 21, 2025:
XRP is trading around $1.90, down about 10% on the day and roughly 16–19% on the week and month, respectively, as a violent risk‑off move in global markets overwhelms otherwise bullish headlines about spot XRP ETFs and long‑term infrastructure adoption.
For now, $1.90, $1.80 and $1.60 are the levels to watch, while ETF flows, whale behavior and macro news will likely decide whether today’s drop marks the start of a deeper bear leg or a painful but ultimately temporary reset in a still‑maturing market.
References
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