Franklin

bullish

XRP ETF

<p>Two ETFs backed by XRP have just been listed on the NYSE, a first meant to propel Ripple to the rank of institutionalized crypto assets. However, the market sends an opposite signal. The crypto collapses below 2 dollars, down 35 % for the quarter. Far from a bullish turning point, this regulatory advance reveals a persistent disinterest. The ETF effect, expected as a driver, seems to have had no tangible echo.</p>
<div class="in-brief">
 <div class="in-brief--container">
  <span></span> <span></span>
  <h2 class="in-brief--title" id="in-brief">In brief</h2>
  <ul>
   <li>Two ETFs backed by XRP were launched on the New York Stock Exchange by Grayscale and Franklin Templeton.</li>
   <li>Despite this institutional advance, the price of XRP falls 35 % for the quarter and falls below the $2 mark.</li>
   <li>Unlike Ethereum, XRP does not benefit from the ETF effect and remains largely behind technically.</li>
   <li>On-chain data reveals a loss of trust: only 57 % of tokens are in profit, and realized losses explode.</li>
  </ul>
 </div>
</div>
<h2 id="a-launch-without-echo-on-the-markets">A launch without echo on the markets</h2>
<p>Two <a href="https://www.cointribune.com/en/first-u-s-spot-xrp-etf-could-launch-today-analysts-expect/" rel="noopener noreferrer nofollow">ETFs backed by XRP</a> issued by Grayscale and Franklin Templeton, were launched this week on the New York Stock Exchange, a first for the Ripple ecosystem.</p>
<div class="my-4">
 <div class="ads ">
 </div>
</div>
<p>These exchange-traded funds are designed to offer traditional investors regulated exposure to XRP without having to hold the crypto directly. In a market usually very reactive to such announcements, one might have expected a clear bullish movement. However, the expected effect did not materialize.</p>
<p>The context is even more revealing given that other major projects like Ethereum have managed to capitalize on similar announcements in the recent past. In the case of XRP, no indicator responded positively to the institutional signal so strongly represented by these ETFs. The market remained deaf to this Wall Street opening, and the price reaction was clearly bearish. Here are <a href="https://ambcrypto.com/optimism-crashes-16-but-how-long-will-bears-dominate/" rel="noopener noreferrer nofollow">the key points</a> to remember :</p>
<ul>
 <li>Two XRP ETF products were approved and listed on the NYSE by Grayscale and Franklin Templeton, offering regulated exposure to the asset ;</li>
</ul>
<ul>
 <li>No price increase was observed; on the contrary, XRP fell below 2 dollars, down 35 % for the quarter ;</li>
</ul>
<ul>
 <li>Trading volumes did not show any significant renewed interest ;</li>
</ul>
<ul>
 <li>XRP remains far from its peaks, not having regained <a href="https://www.cointribune.com/en/crypto-xrp-reaches-historic-high-of-3-65-after-7-years-of-waiting/" rel="noopener noreferrer nofollow">its July level at $3.60</a>.</li>
</ul>
<p>Despite considerable regulatory progress, Ripple has failed to trigger buying momentum or attract notable institutional flows. The crypto community is now wondering : is this a simple delayed effect, or a lasting disinterest in an asset long carried by promises struggling to materialize ?</p>
<div class="affiliate-button">
 <a href="https://www.financeads.net/tc.php?t=72846C386875220T" rel="noopener noreferrer nofollow">Start your crypto adventure safely with Coinhouse</a> <a href="https://www.cointribune.com/en/sponsored-content/" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-trust-is-crumbling-among-xrp-holders">Trust is crumbling among XRP holders</h2>
<p>Beyond the silence of the markets, it is the on-chain data that reveal the extent of this critical situation.</p>
<p>Indeed, <a href="https://www.cointribune.com/en/41-of-xrp-holders-underwater-despite-high-price/" rel="noopener noreferrer nofollow">only 57 % of the circulating XRP supply is currently in profit</a>, a historically low level not reached since November 2024, when the token traded around 0.53 dollars.</p>
<p>Thus, the majority of long-term XRP holders are now at a loss. More worryingly, the 30-day moving average of daily losses now reaches 75 million dollars, the highest level since last April. This trend reveals a form of progressive capitulation, where investors prefer to realize their losses rather than wait for a hypothetical reversal.</p>
<p>This on-chain decline is coupled with a worrying technical signal. Unlike Ethereum, which has managed to bounce back and regain its previous levels, XRP remains stuck below 2 dollars. The absence of bullish momentum, even in the presence of objectively positive news such as the launch of ETFs, indicates an erosion of fundamental trust in the Ripple ecosystem.</p>
<p>The launch of ETFs was not enough to reverse the trend. Thus, the <a href="https://www.cointribune.com/en/crypto-markets/xrp-xrp-en/" rel="noopener noreferrer nofollow">price of XRP</a> remains stuck below 2 dollars. Between investor skepticism and degraded technical signals, Ripple enters a phase where regulation no longer guarantees performance. The market demands concrete proof.</p>
<div class="my-4">
 <div class="ads ">
 </div>
</div>

XRP Down 35 % As ETF Fail To Impress

Table of Contents

Cointribune EN

Other articles published on Nov 23, 2025

Join our free newsletter for daily crypto updates!