TLDR
- XRP falls 4.3%, dropping from $2.31 to $2.22 despite strong ETF debut.
- XRPC ETF saw $58.6M volume on its first day but failed to stabilize XRP.
- XRP broke key support at $2.24, finding temporary support at $2.22.
- Bitcoin weakness and macroeconomic pressures contribute to XRP’s bearish trend.
XRP dropped 4.3% on November 16, 2025, moving from $2.31 to $2.22. This decline occurred despite the launch of the U.S. spot XRP ETF (XRPC) by Canary Capital, which saw a strong debut with first-day trading volume reaching $58.6 million. This volume far exceeded the initial expectations of $17 million. However, the ETF’s launch was unable to counteract the broader bearish sentiment in the crypto market.
The overall market sentiment remains bearish, partly due to the continuing weakness in Bitcoin prices and the broader uncertainty in the macroeconomic environment. The decline in XRP was also reflected in the derivative markets, where there were significant liquidations. Approximately $25 million in long positions were wiped out within 24 hours.
XRP Faces Resistance and Increased Selling Pressure
XRP’s decline was marked by significant selling pressure at key support levels. The cryptocurrency broke through the $2.24 support during the early hours of November 16. This breach triggered a rapid decline to $2.22. During this selloff, trading volume spiked, confirming aggressive distribution. At its lowest point, XRP was trading 69% above the typical 24-hour volume, signaling heightened volatility and selling interest.
Despite this sharp drop, the price of XRP did not continue to fall aggressively. Instead, a high-volume V-shaped reversal near the $2.22 mark suggested that the downward momentum might be running out of steam. Traders are closely watching the $2.22 support level, as a failure to hold could push the price further down, with the next critical support around $2.16. A failure at this level could lead to a drop toward $2.02–$1.88.
Institutional Interest Seen Through XRPC ETF Launch
Institutional interest in XRP has increased, as evidenced by the successful launch of the XRPC ETF. The ETF, which tracks the price of XRP, had an impressive debut, registering $58.6 million in volume on its first day. This surge in volume indicates significant investor interest, despite the broader market pressures weighing on the crypto market.
However, analysts caution that while ETF inflows signal institutional interest, the market remains under pressure from risk-off sentiment. This continues to suppress crypto liquidity and hinder any meaningful recovery in XRP’s price. The strength of the ETF launch, while noteworthy, has not been sufficient to break XRP’s bearish trend in the current market environment.
Critical Levels to Watch for XRP Price Action
XRP’s price is currently in a critical zone, with traders focused on two key levels. The primary support level at $2.22 is crucial for the next phase of price action. If this support holds, XRP may find some stability and consolidate within the range of $2.22–$2.23. However, failure to maintain this level could result in a deeper decline, with the next significant support at $2.16.
On the upside, XRP needs to break through the $2.23–$2.24 resistance zone to show any signs of recovery. A sustained push above this zone would be necessary to begin rebuilding a bullish structure. Additionally, reclaiming $2.48 is critical for any chance of a larger trend reversal and targeting higher price levels.
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