XRP Drama: ETF Launch Can’t Save XRP From $2.20 Crash!

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Alas, dear reader! XRP, once brimming with hope from its $164 million ETF launch, finds itself cradling the delicate support of $2.20-an unfortunate fall, indeed! Institutional enthusiasm is palpable, but can it outshine the storm of whale offloads?

XRP, ever the drama queen, faces its most critical test at $2.20. Despite a grand opening with one of the most successful ETF launches in crypto history, the token takes a rather unfortunate tumble. The XRPZ offered by Franklin Templeton and the GXRP from Grayscale managed to pull in a stunning $164 million on day one-truly a show of institutional commitment, or so it seemed.

But alas, the price dropped by a mere 2.2% from $2.26 to $2.21. A modest decline, one might say, but still, a decline nonetheless. Derivative markets too have taken a hit, with Binance Open Interest plummeting to its lowest in 12 months, a dramatic 1.7 billion drop to 504 million.

The ETF Inflows: A Triumph Over Bitcoin and Ethereum!

The ETF performance of XRP has stunned the market, leaving Bitcoin and Ethereum to sulk in their own misfortune. Coin Bureau on X mentions that XRP, yes, XRP, has left its rivals trailing behind. Bitcoin experienced a modest outflow of $151 million, while Ethereum wasn’t far behind with $97 million.

Source – Coin Bureau X

But fear not, dear XRP fans, for Solana had its own modest inflow of $58 million. Still, XRP’s $164 million was the indisputable star of the day. Grayscale’s GRXP and Franklin Templeton’s XRPZ led the charge, with 67.36 million and 62.59 million respectively.

Now, you’d think this strong institutional appetite would boost XRP’s price, but alas! Whale activity has stolen the show, taking the wind out of any potential profit gains. The market, it seems, is not so easily swayed.

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Whale Selling Sends the Market Into Chaos!

As though written in the stars, massive distributors unleashed about 180 million XRP tokens upon the market. Their timing, it seems, was impeccable, as they sold into strength, despite the positive ETF flows.

The great breakdown occurred when token volume spiked to 124.4M, followed by a massive 78% volume surge at the $2.20 mark, signalling a storm of institutional sellers.

Crypton3wslive on X remarks that XRP is valiantly fighting to keep the $2.20 floor intact. Yet, when the mighty whales begin to sell, can anyone stop them? Surely not, especially when Times Square transforms into Ripple Square.

Times Square Billboard Sparks Wild Speculation!

As the price tumbles, marketing efforts bloom. Amon Buy tweeted on X, declaring that Times Square has now become Ripple Square, with billboards bathed in blue, as though the heavens themselves were shining down on XRP.

Source- Amon Buy X

This flashy move was, no doubt, meant to signal XRP’s entrance into the mainstream, with advocates treating it as bullish positioning. Of course, skeptics questioned the timing, given the token’s current price woes.

While retail traders buzzed about the spectacle, they couldn’t help but wonder if these marketing efforts could counterbalance the technical damage. The real question, it seems, is whether institutional flows will come to the rescue.

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The Technical Picture: A Tale of Mixed Signals

The grand technical formation of XRP remains, with a right-angled broadening wedge looming ominously. If resistance breaks, one might expect a dive to the depths of $4.50 to $7.00.

The indicators, alas, are rather indifferent-RSI shows no movement, and MACD languishes laterally. This suggests that while XRP may not be on the brink of collapse, it’s certainly not soaring to the moon just yet.

There have been attempts at stabilization in overnight trading, with XRP managing a meager 0.6% bounce from $2.198 to $2.211. Volume spurts during low-liquidity hours hint at a quiet battle behind the scenes.

The Critical Support: A Battle for the Floor

The immediate future of XRP now hinges on the critical level of $2.20. Bulls must hold this line, for should it break, the demand zones at $1.88-1.91 will eagerly await. A recovery to $2.24 would indicate that the bulls are still in charge, but that ceiling remains elusive for now.

Whale activity this week has stirred the pot, and only the continued ETF inflows can provide any hope of counterbalancing these bearish forces.

Ultimately, the fate of XRP is a tug-of-war between institutional interest and whale distribution. As the technicals fight with the fundamentals, we can only sit back and watch the drama unfold.

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2025-11-26 23:24