XRP Price Today, November 28, 2025: ETFs, Whale Sell-Off and ‘Death Cross’ Keep XRP Stuck Near $2.20

November 28, 2025

XRP is trading around the $2.20–$2.22 zone today, leaving traders caught between powerful bullish catalysts like new spot ETFs and bullish momentum signals on one side, and heavy whale selling plus a looming death cross on the other. ^[1]

Below is a detailed look at where the XRP price stands right now, what moved the market on 28 November 2025, and which levels and headlines matter most over the next few days.

XRP Price Snapshot for Today (28.11.2025)

Spot price: Around $2.20–$2.22 per XRP
24h move: Roughly +1% on the day, after modest intraday swings between about $2.17 and $2.24. ^[2]
Market cap: About $134 billion, keeping XRP in 4th place among cryptocurrencies by market value. ^[3]
24h trading volume: Just under $3 billion, signalling healthy but not euphoric activity. ^[4]
Performance this week: XRP has bounced from sub‑$2 levels seen over the weekend, gaining roughly 10–15% from lows near $1.95 as volatility returned across the altcoin market. ^[5]

Daily data from several major trackers shows XRP closing or trading today very close to $2.20 (values cluster around $2.20–$2.22), up from roughly $1.95–$2.00 a week ago but still well below its July 2025 all‑time high in the mid‑$3 range. ^[6]

What the Charts Say: ‘Death Cross’ vs Bullish Divergence

Technical analysts are unusually split on XRP’s short‑term direction today.

Bearish side: death cross and downside risks

A widely‑cited report from CoinDesk notes that XRP recently slipped below $2.20 as a daily death cross — where a short‑term moving average drops below a longer‑term one — intensified selling pressure. Analysts there warn that: ^[7]

A breakdown from $2.22 to around $2.18 confirmed rejection at the $2.23–$2.24 resistance band.
Price is trading below key short‑term moving averages, with the 50‑day average now sloping downward.
Losing the $2.17–$2.18 “decision zone” could expose supports near $2.08 and then the upper $1.90 area.

Other outlets echo this caution, highlighting that XRP remains stuck in a descending channel, with lower highs and persistent selling pressure despite ETF enthusiasm. ^[8]

Bullish side: RSI bullish divergence and potential relief rally

On the flip side, a separate analysis from Brave New Coin points to a bullish divergence on the daily RSI, the same type of momentum signal seen before XRP’s last major rally. ^[9]

Key points from that camp:

XRP is consolidating in a tight range around $2.20–$2.22, while RSI makes higher lows even as price dips — classic early reversal behavior.
Some analysts map XRP into a potential fifth Elliott Wave, arguing that a final impulsive move could carry prices significantly higher if resistance levels are cleared. ^[10]
Several chartists treat $2.60 as a “line in the sand”: a daily close above that level with rising volume could open the door to a move toward $4 and a retest of all‑time highs later in 2025. ^[11]

Coinpedia’s daily outlook lands somewhere in the middle: it sees long‑term bearish divergence on higher time frames but acknowledges a short‑term bullish divergence that could support a modest bounce, as long as $2.05–$2.07 holds as support and resistance at $2.30–$2.40 eventually gives way. ^[12]

ETF Story: New XRP Spot Funds Drive Institutional Narrative

Arguably the biggest structural theme for XRP on November 28 is the surge of interest around spot XRP ETFs and ETPs.

21Shares’ TOXR launch and growing ETF lineup

CoinCentral reports that XRP is trading near $2.20 as markets prepare for the launch of the 21Shares XRP spot ETF (ticker: TOXR), scheduled to begin trading on November 29, 2025. ^[13]

That fund joins—or soon will join—a growing roster of XRP products from major firms:

Franklin Templeton’s XRPZ and
Grayscale’s GXRP,

both of which have posted several days of net inflows despite the recent pullback in price. ^[14]

A separate piece from DL News goes even further, arguing that XRP ETFs are now outpacing their Bitcoin and Ethereum counterparts in fresh inflows. One quoted executive suggests these products could support a 65% rally from current levels, potentially pushing XRP back toward its record highs if macro conditions cooperate and institutional demand continues to build. ^[15]

ETF optimism vs price reality

So far, this ETF wave has had a mixed impact on spot price:

On the one hand, ETF and ETP issuers must acquire underlying XRP, which has helped drain exchange reserves and lowered available supply on certain platforms. ^[16]
On the other, ETF‑driven demand has not yet fully overcome technical selling pressure and broader risk‑off sentiment in crypto, which is why XRP remains roughly 40% below its July 2025 high in the mid‑$3 range despite ETF headlines. ^[17]

Whales vs Long‑Term Accumulators: On‑Chain Flows Paint a Complex Picture

On‑chain data and order‑book metrics released today tell a two‑sided story about who is buying and selling XRP.

Massive whale distribution in November

New data summarised by Indonesian outlet Pintu shows that wallets holding between 1 million and 10 million XRP have sold more than 2.2 billion XRP this month, worth over $4.1 billion — the largest monthly whale sell‑off since March 2023. ^[18]

As a result:

This cohort’s combined holdings have dropped to 4.39 billion XRP, a 32‑month low.
Analysts interpret this as risk reduction by large holders, reflecting lingering doubts about the sustainability of the rally even in the face of ETF news. ^[19]

Exchange reserves falling to yearly lows

At the same time, XRP reserves on Binance have fallen to roughly 2.7 billion tokens, down from nearly 3 billion since early October, according to multiple analyses. ^[20]

This combination of whale distribution plus shrinking exchange reserves suggests a rotation in ownership:

Some large traders are exiting or trimming positions.
Other investors — including ETF providers and long‑term holders — appear to be absorbing supply and pulling XRP into longer‑term storage, tightening spot liquidity.

Net Unrealized Profit/Loss (NUPL) metrics for XRP even dipped into a “fear” zone earlier in the month, before partially recovering, a pattern that can precede both capitulation bottoms or slow-grind recoveries depending on how sentiment evolves. ^[21]

Derivatives and Options: Volatility Loaded for the Coming Days

Pressure on XRP isn’t just coming from spot markets.

CoinCentral estimates that around $15 billion in Bitcoin, Ethereum and XRP options are expiring today (Friday), with roughly $15 million of that tied to XRP. For XRP, the put–call ratio sits near 0.41, and the max‑pain level (where the largest share of options expire worthless) is close to $2.30 — just above today’s spot price. ^[22]

That positioning implies:

Many traders are betting on upside, but
Short‑term hedging and unwinds around expiry can easily pull XRP back toward the $2.10–$2.20 corridor if risk appetite wobbles.

Short‑term technical notes from several intraday reports also show XRP oscillating between $2.16 and $2.25, with Bollinger Bands tightening — a classic sign that a volatility expansion could be close. ^[23]

Fundamental Ripple & XRP News Today

While price watchers obsess over resistance levels, there has also been meaningful fundamental news around the XRP ecosystem in the last 24–48 hours.

Smart contracts on the XRP Ledger

U.Today reports that Ripple CTO David Schwartz has shared a detailed blueprint for “XLS‑101” smart contracts on the XRP Ledger, following the recent launch of smart contract functionality on a dedicated AlphaNet. ^[24]

Key points:

Ripple does not aim to turn XRPL into a full “do‑everything” smart contract chain.
Instead, XLS‑101 prioritises limited, safety‑focused programmability designed to enhance existing native features and reduce protocol‑level risk.
This measured approach is pitched as more attractive for banks and institutional users, who care as much about predictability and security as about expressiveness in smart contracts.

For price, the immediate impact is indirect: a richer feature set and a clearer roadmap make it easier for developers and financial institutions to justify building on XRPL, which can support long‑term demand for XRP as a settlement asset.

RLUSD stablecoin wins regulatory approval in Abu Dhabi

Another under‑the‑radar but important development: Ripple’s RLUSD stablecoin has received recognition as an “Accepted Fiat‑Reference Token” from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi’s ADGM. ^[25]

This status means RLUSD can be used by licensed institutional players inside the ADGM framework, reinforcing Ripple’s narrative around regulatory compliance and institutional‑grade products. While RLUSD is a stablecoin, not XRP itself, stronger infrastructure around Ripple products tends to improve the ecosystem’s perceived credibility, which can indirectly support XRP over time.

SEC v. Ripple: post‑lawsuit environment

All of this is happening in a very different legal environment than a year ago. The U.S. SEC’s long‑running lawsuit against Ripple formally ended in August 2025, with both parties dropping their appeals and a final penalty structure locked in. ^[26]

The conclusion of that case:

Removed a major cloud over whether XRP constitutes a security in secondary market trading, at least under the facts considered in that lawsuit.
Cleared the way — politically and procedurally — for the wave of XRP ETFs and ETPs now hitting the market.

Regulatory clarity doesn’t guarantee higher prices, but it widens the pool of institutions able or willing to touch XRP, which is one reason ETF and ETP issuers have moved so quickly this quarter.

Key Levels to Watch for XRP Today

Based on today’s technical reports and order‑book data, several price zones are especially important:

Immediate support:
- $2.17–$2.18 – short‑term “decision zone” highlighted by Coindesk. ^[27]
- $2.05–$2.07 – strong recent support; a break below here would weaken the short‑term bullish thesis. ^[28]
Immediate resistance:
- $2.23–$2.24 – near‑term ceiling that has repeatedly rejected rallies this week. ^[29]
- $2.30–$2.35 – cluster identified by multiple analysts; Invezz’s forecast, via CryptoRank, sees bulls “eyeing $2.35” as the next hurdle. ^[30]
Medium‑term resistance:
- $2.60 – widely cited as a critical breakout trigger that could open a path toward $3–$4 if volume expands. ^[31]

As long as XRP trades in the $2.16–$2.25 corridor, price action is likely to feel choppy and range‑bound, with ETF headlines and macro risk sentiment driving short bursts of volatility in either direction. ^[32]

How Today Fits Into the Bigger XRP Story

Some broader context helps place today’s tug‑of‑war in perspective:

XRP is up nearly 50% year‑on‑year, even after the recent pullback, pointing to a still‑intact multi‑year uptrend. ^[33]
The token remains well below its July 2025 all‑time high in the mid‑$3 region, leaving room for upside if ETF flows, smart‑contract developments and improved risk sentiment all line up. ^[34]
At the same time, reports highlight that while over 300 banks now use RippleNet, on‑chain XRP settlement volumes have been softening — a reminder that network adoption and token price do not always move in lockstep. ^[35]

In short: today’s XRP price around $2.20 reflects a stalemate:

Bulls can point to ETF inflows, falling exchange reserves, bullish RSI divergence and new XRPL features.
Bears focus on whale distribution, the death cross, soft on‑chain activity and the risk of a deeper correction toward the high‑$1 range.

Disclaimer

This article is informational and describes market conditions for XRP as of November 28, 2025. It is not financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Digital assets are highly volatile, and you should do your own research and consider your risk tolerance before making any investment decisions.

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