Ripple (XRP-USD) — ETF Launches, Whale Pressure, and Regulatory Clarity Define a New Crossroads for XRP
Ripple’s XRP-USD trades at $1.93 on November 22 2025, down almost 1.6% on the day and roughly 15% lower for the week. The token has lost half its value since July’s $3.65 high despite a flood of institutional news — the end of its SEC battle, multiple U.S.-listed ETFs, and the global migration to SWIFT ISO 20022 messaging. The divergence between structural progress and weak near-term performance defines the current phase of XRP’s cycle.
ETF Momentum Meets Market Fragility
The month of November delivered the most significant institutionalization wave in XRP’s history. Canary Capital’s XRPC ETF debuted early in the month, drawing $250 million in inflows and $58 million first-day volume, outperforming launch metrics of several Bitcoin ETFs. Within two weeks, Bitwise…
