Key Insights
- •XRP has broken below a descending triangle pattern, with potential downside targeting long-term support around $0.65 if a rebound does not materialize.
- •The delay of the Franklin Templeton XRP ETF decision to November 24 has removed a short-term bullish trigger, leaving XRP vulnerable to further declines.
- •Despite significant inflows into Canary’s XRPC ETF, the XRP price has not shown a strong positive reaction.
XRP was trading at $2.14, reflecting a 2.2% decrease over the past 24 hours and a 12.4% loss within the last week. The trading volume stood at $4.47 billion, indicating continued investor activity as the market awaits a crucial decision related to the Franklin Templeton XRP ETF. This decision is now scheduled for November 24, 2025.
Price Weakens After Chart Breakdown
Analysis of the weekly chart reveals that XRP has breached a descending triangle structure. This technical pattern is often indicative of a continuation of downward price pressure. Based on the current chart formation, the projected target for XRP is situated near the $0.65 to $0.70 range. This zone aligns with a rising trendline that has provided support for XRP since 2019.
This support zone remains a critical area to monitor should selling pressure persist. A successful recovery back above the $2.50 level would signal a shift in short-term momentum. In the absence of such a rebound, the prevailing technical pattern suggests the potential for further price declines.
One market analyst expressed concern, stating, "Long way down for $XRP if it doesn’t recover in the next couple of weeks!"
ETF Delay Keeps Market on Edge
The Franklin Templeton XRP ETF, which was anticipated by many to stimulate buying interest, has experienced a delay and is now slated for a decision on November 24. This development has contributed to mixed short-term market sentiment, as investors await greater clarity. The delay also eliminates a near-term catalyst that traders had been closely observing.
With XRP's price still under pressure, the delay raises questions about the potential for demand to return sufficiently to support current price levels. The next significant price movement may be influenced by the outcome of the ETF decision and the market's reaction once more details become available.
Canary’s XRPC ETF Shows Steady Inflows
While the Franklin Templeton ETF decision is pending, the XRPC Spot ETF launched by Canary has attracted substantial investor interest. Between November 14 and November 18, the fund recorded total net inflows amounting to $276.79 million. On November 18 alone, the inflow was $8.32 million, indicating that demand has continued, albeit at a moderated pace.
The initial day of inflows saw a significant $243.05 million, followed by $25.41 million on the subsequent day. The total net assets under management for the XRPC ETF have now reached $277.82 million.
According to ALLINCRYPTO, the positive inflows signify a strong demand from institutional investors.
“Positive inflows indicate high demand from institutional investors.”
Market Awaits Clarity
Despite the consistent positive inflows into the XRPC ETF, XRP has not yet established a firm support level. The price continues to face downward pressure, and the current technical indicators suggest the possibility of further declines if a significant rebound does not occur. Traders are closely observing for any price action that can maintain XRP above key long-term support levels as the crucial ETF decision approaches.