XRP Price Today, November 23, 2025: Ripple (XRP) Holds Above $2 as ETF Hype Builds

Published: November 23, 2025

XRP is trading firmly above the key $2.00 psychological level today as traders position ahead of U.S. spot XRP ETF launches scheduled for tomorrow, November 24, 2025. Across major exchanges, XRP is changing hands around $2.03, up roughly 5–6% over the last 24 hours, with a 24‑hour low near $1.89 and a high around $2.07. ^[1]

That move has lifted XRP’s market capitalization to roughly $122 billion, keeping it ranked #4 among all cryptocurrencies by market cap and giving it about 4% of total crypto market value today. ^[2]

Below is a full breakdown of XRP price today (23.11.2025), the latest XRP news, and what traders are watching going into tomorrow’s ETF debut.

XRP Price Today: Key Stats (23 November 2025)

Based on aggregated data from leading market trackers and exchanges:

Live XRP price: ~$2.03
24h change: around +5–6%
24h low / high: roughly $1.89 – $2.07 ^[3]
24h trading volume: about $3.5–3.7 billion in USD terms ^[4]
Market cap: ~$122 billion, ranking #4 in the global crypto market ^[5]
Share of total crypto market cap: roughly 4.1% today ^[6]

From a daily perspective, XRP opened near $1.95 and pushed above $2.03, with the high extending slightly above $2.07, marking a gain of a little over 4% day‑on‑day. ^[7]

Despite the strong rebound, XRP still trades about 45–47% below its all‑time high near $3.84 set in early 2018, leaving plenty of room above for longer‑term bulls while reminding traders that the asset remains historically volatile. ^[8]

What’s Moving XRP Today? The Big Stories on November 23, 2025

1. Spot XRP ETFs set to launch tomorrow

The headline catalyst for XRP today is the imminent launch of U.S. spot XRP exchange‑traded funds (ETFs):

Grayscale has confirmed that its GXRP spot XRP ETF will begin trading on NYSE Arca on November 24, 2025, following SEC approval and the conversion of its existing XRP trust into an ETF. ^[9]
A separate report notes that Franklin Templeton and Grayscale are both set to go live with XRP ETFs tomorrow after receiving NYSE approval, underscoring the institutional scale of this launch. ^[10]

According to today’s coverage, XRP saw an estimated $7 billion in capital inflows over the last 24 hours, coinciding with this ETF narrative and helping the token reclaim and hold the $2.00 level. ^[11]

Analysts tracking flows warn that while ETFs may soak up significant spot supply over time, a portion of the demand has likely been front‑run by speculators in recent weeks, making short‑term price action particularly sensitive to tomorrow’s opening volumes. ^[12]

2. “Value‑capture era” and improving token economics

Beyond the ETF narrative, a series of institutional research notes and interviews today are reframing XRP’s long‑term role in value capture across the crypto ecosystem:

A new report from Bitwise describes XRP as entering a “value‑capture era”, suggesting that more of the network’s economic activity could accrue directly back to token holders under the current regulatory backdrop. ^[13]
A separate piece from LiveBitcoinNews groups UNI, ETH, and XRP together as networks that are strengthening value capture through fee burns, staking mechanisms, and protocol upgrades, with the full impact expected to be clearer by 2026. ^[14]

Taken together, these narratives support the view that XRP is no longer only a cross‑border payments token, but also a core asset in a broader, more mature on‑chain economy. That framing is particularly important for institutions deciding whether XRP deserves a strategic portfolio allocation alongside Bitcoin and Ethereum.

3. Ripple CTO: Less pressure to sell XRP

In a widely shared comment today, Ripple CTO David Schwartz highlighted that Ripple’s diversified revenue streams reduce the company’s need to sell XRP to fund operations: ^[15]

Schwartz argued that having more non‑XRP revenue lowers pressure to liquidate tokens during price dips, a long‑standing concern among some holders.
This is interpreted as mildly bullish for the supply side, suggesting that Ripple may be able to hold more XRP on its balance sheet rather than regularly selling into the market.

While no formal policy changes were announced, the messaging adds to today’s constructive tone around XRP’s fundamental supply dynamics.

4. Whales, liquidations and an “oversold” reset

XRP’s rally today comes after a sharp shake‑out in recent sessions:

A report from CoinDesk notes that XRP recently dropped with the broader market as Bitcoin weakness dragged altcoins into “oversold territory”, with large wallets reportedly selling nearly 200 million XRP, creating heavy supply pressure and a local low. ^[16]
Another analysis from CoinCentral describes XRP falling below $2 as whales unloaded an estimated $480 million in XRP over 48 hours, even as ETF‑driven demand is expected to absorb large amounts of supply in the coming year. ^[17]
A separate news piece details a notorious “Anti‑CZ Whale” losing more than $61 million as Ethereum and XRP long positions were liquidated, illustrating how aggressive leverage amplified the downturn before today’s rebound. ^[18]

Today’s bounce above $2 is therefore being interpreted by many short‑term traders as a “buy‑the‑dip” reaction after forced selling and liquidations flushed out over‑leveraged positions.

5. XRP‑specific technical calls and price predictions today

Several fresh technical and outlook pieces published on November 23, 2025 focus directly on XRP’s chart setup and medium‑term upside:

CryptoPotato highlights that XRP has broken back above $2 after a “violent” week that saw the token tumble from around $2.30 to just above $1.80, and outlines new support and resistance zones to watch. ^[19]
FXEmpire reports that ETF inflows have lifted XRP back above $2 after four losing sessions, noting that XRP‑spot ETF flows are outpacing those in BTC and ETH today. ^[20]
A piece on AInvest flags $1.65 as a potential “inflection point” for XRP, framing it as a deeper support level that could either signal a larger reversal higher or open the door to renewed downside if broken. ^[21]
A broader market note from DigitalJournal describes XRP as “attempting a rebound amid market uncertainty,” linking its performance closely to Bitcoin’s pullbacks from record highs and thinning liquidity across crypto. ^[22]
In the more aggressively bullish camp, a TimesTabloid article today cites a “top trader” arguing that XRP’s price could “explode like never before”, reflecting growing speculative optimism around the ETF debut and long‑term adoption. ^[23]

Taken together, today’s commentary is skewed bullish but cautious, with the majority of analysts agreeing that how XRP trades around $2.00 in the coming days will be critical for the next major move.

XRP Technical Picture for Today: Key Levels to Watch

Based on today’s price action and the latest technical commentary:

Immediate support:
- The $2.00 round number is now the first line of support. A sustained break below would likely invite renewed selling. ^[24]
- Short‑term analyses also point to the $1.90–$1.95 zone (yesterday’s closing area) as a secondary support region. ^[25]
Deeper support:
- The $1.80 area, which marked last week’s flush low, is seen as a key defense for bulls in case of a deeper correction. ^[26]
- Some strategists highlight $1.65 as a structural inflection level – a line in the sand for longer‑term trend integrity if the market were to unwind aggressively. ^[27]
Upside resistance:
- On the upside, multiple analyses cluster near $2.10–$2.15 as initial resistance, roughly aligning with recent swing highs earlier in November. ^[28]
- Above that, $2.30–$2.50 is viewed as the next resistance band, corresponding to last week’s highs and a prior consolidation zone. ^[29]
Momentum and sentiment:
- Reports today repeatedly describe XRP and other major altcoins as having been “oversold” following heavy institutional distribution, with technical indicators now showing early reversal signals as price reclaims $2.00. ^[30]

In short, holding above $2.00 into and after tomorrow’s ETF launch is widely seen as bullish validation, while a failure back into the mid‑$1 range would signal that ETF enthusiasm was over‑priced in.

On‑Chain and Flow Dynamics: Whales vs. ETFs

A key storyline today is the tug‑of‑war between large holders reducing exposure and ETF‑driven demand coming online:

Estimates from recent coverage suggest that whales sold hundreds of millions of XRP over the last couple of days, contributing to the sharp drop below $2 prior to today’s rebound. ^[31]
At the same time, ETF‑related research argues that spot XRP products could eventually absorb tens of billions of XRP per year if they gain traction with traditional investors – potentially dwarfing recent whale selling over a longer horizon. ^[32]
The $7 billion inflow figure reported over the last 24 hours underscores the scale of speculative and institutional interest lining up just ahead of ETF day one. ^[33]

For now, today’s price action suggests that ETF demand (and front‑running of that demand) is winning the battle, but the longer‑term balance between ongoing whale behavior and steady ETF accumulation will be a critical theme for XRP throughout 2026.

Broader Crypto Market Context on November 23, 2025

XRP’s move today is happening against a backdrop of risk‑on behavior across crypto, even as macro data and central bank messaging keep traders cautious:

Bitcoin is trading roughly around the mid‑$80,000s, up about 2–3% in the last 24 hours, according to a market update from Binance. ^[34]
Total cryptocurrency market capitalization stands near $2.94 trillion, with XRP accounting for just over 4% of the total. ^[35]
In altcoins, some privacy‑focused names like XMR and ZEC are posting standout gains today, while XRP is noted as having reclaimed the $2 level with an impressive ~7% daily gain, reinforcing the idea of an altcoin‑led bounce. ^[36]

Macro‑wise, markets are still digesting comments from U.S. Federal Reserve officials who are urging caution on early rate cuts in December, a stance that can both cap risk appetite and simultaneously push some investors toward assets perceived as inflation hedges, including Bitcoin and large‑cap crypto. ^[37]

Short‑Term XRP Outlook: Scenarios After ETF Launch

While nobody can predict XRP’s exact path, today’s research and commentary sketch out a few high‑level scenarios for the days and weeks ahead:

Bullish scenario

Strong day‑one ETF inflows drive XRP convincingly higher, with price holding above $2.10–$2.20 and challenging recent highs near $2.30–$2.50. ^[38]
Institutional narratives around value capture and reduced Ripple selling pressure gain traction, encouraging longer‑term positioning rather than short‑term speculation. ^[39]
In this case, bullish analysts who see significant upside into 2026 and beyond would argue that today’s prices could be an early phase of a larger cycle. Several prediction pieces out this weekend highlight optimistic multi‑year targets, though they vary widely. ^[40]

Neutral / consolidation scenario

ETFs launch with moderate but not spectacular inflows, and XRP chops in a $1.90–$2.20 range as the market digests initial volume and arbitrage flows.
In this path, XRP may trade more in line with overall crypto sentiment and macro data rather than ETF headlines alone.

Bearish scenario

ETF demand underwhelms relative to expectations, or broader crypto sentiment deteriorates, sending XRP back below $2.00 and toward $1.80 or even $1.65. ^[41]
Leveraged longs pile back in too quickly, setting up another liquidation cascade similar to what was seen in recent days. ^[42]

In all cases, analysts emphasize that volatility is likely to remain elevated around tomorrow’s ETF debut, and that position sizing and risk controls matter more than ever for traders.

FAQ: XRP Price Today (23.11.2025)

What is the XRP price today?

As of today, November 23, 2025, XRP is trading around $2.03 per token, with a 24‑hour low near $1.89 and a high close to $2.07, up approximately 5–6% on the day. ^[43]

Why is XRP up today?

XRP’s strength today is driven mainly by:

Spot XRP ETFs from Grayscale and Franklin Templeton set to launch on NYSE Arca tomorrow, which could bring fresh institutional demand. ^[44]
A broader narrative that XRP is entering a “value‑capture era”, with improved tokenomics and ecosystem design. ^[45]
A snap‑back rally after heavy whale selling and leveraged liquidations pushed XRP into short‑term oversold territory earlier in the week. ^[46]

Is now a good time to buy or sell XRP?

That depends entirely on your risk tolerance, time horizon, and overall portfolio. XRP remains a high‑volatility asset:

It is still well below its prior all‑time high, leaving potential upside but also signaling how sharp past drawdowns have been. ^[47]
Short‑term price action around ETF launches can be unpredictable, with “buy the rumor, sell the news” moves common in crypto.

This article is for information and news purposes only and does not constitute financial or investment advice. Always do your own research and consider speaking with a licensed financial professional before making decisions.

🚨 ALERT: FRANKLIN TEMPLETON & GRAYSCALE XRP ETF LAUNCHES MONDAY! 🚨 WALL STREET HAS ARRIVED!