Ah, the fickle dance of the markets! Today, November 11th, XRP price took a leisurely step back, as if pausing to admire its own reflection in the puddles of investor tears. The recent rally, it seems, needed a moment to catch its breath before the grand spectacle of ETF approval unfolds. 🌬️
- XRP price, like a sullen guest at a party, remained under pressure as whales continued their relentless selling. 🐳💸
- Yet, there is a glimmer of hope-or is it folly?-that spot XRP ETFs will grace the markets this week. 🎉
- Technicals, those cold-hearted soothsayers, whisper that the token may plummet post-approval. 📉
Ripple (XRP), that enigmatic token, traded at $2.45, a mere shadow of its former self, having tumbled 33% from its yearly peak. Oh, the drama of it all! Even the filing of Canary’s 8A with the SEC, usually a harbinger of launch, failed to lift its spirits. Bloomberg’s Eric Balchunas, ever the optimist, predicts trading to commence by Thursday. 🗓️
Canary filed 8A for XRP ETF last night, which points to launch tomorrow or Thursday (today is holiday). Thursday was the day we thought they’d be on track for but when they did the 8A for HBAR they launched the next day. Not done deal but all boxes being checked. Stay tuned.. 🎭
– Eric Balchunas (@EricBalchunas) November 11, 2025
Nine XRP ETFs, like eager suitors, await their turn on the Depository Trust & Clearing Corporation (DTCC) stage this month. Will they find favor, or will they be left to wither in obscurity? 🌹
Why XRP Price May Take a Dive Post-ETF Launch
In the realm of theory, ETF launches are bullish-a feast of inflows and jubilation. The REX-Osprey XRP ETF, for instance, has already amassed $120 million in assets. Solana ETFs, those nouveau riche, boast over $300 million. JPMorgan, ever the prognosticator, foresees $8 billion in inflows for XRP in its first year. 🤑
Yet, reality, that cruel mistress, offers a different narrative. The ETF approval, it seems, has already been priced in. Investors, those fickle creatures, may sell the news, as they did with Solana post-ETF launch. Buying the rumor, selling the news-a tale as old as time itself. Remember when XRP price plummeted after the SEC lawsuit against Ripple ended? History, it appears, has a penchant for repeating itself. 🔁
And let us not forget the whales, those leviathans of the crypto sea, who continue their selling spree. Ninety million tokens dumped in 72 hours-a veritable tsunami of sell orders. 🌊
90 million $XRP sold by whales in 72 hours! 🐋💨
– Ali (@ali_charts) November 11, 2025
Ripple Price Forms the Dreaded Death Cross
Ah, the death cross-a pattern so ominous, it sends shivers down the spines of even the most hardened traders. The 50-day and 200-day Exponential Moving Averages have crossed, a bearish harbinger if ever there was one. Technicals, those harbingers of doom, suggest XRP’s descent is far from over. The psychological threshold of $2.0 looms like a specter in the night. ⚰️
And so, dear reader, we await the ETF approval with bated breath. Will it be a triumph, or a tragedy? Only time will tell. Until then, let us sip our tea and watch the drama unfold. 🍵🎭
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2025-11-11 21:27