XRP Slides 7% but ETF Launch Sets Stage for Potential Reversal Above $2.36

Analysts caution that the market remains vulnerable to further declines, with large token movements and macroeconomic factors contributing to uncertainty.

Updated Nov 14, 2025, 5:06 p.m. Published Nov 14, 2025, 5:04 p.m.

Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut.

News Background

XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first U.S. spot XRP ETF, Canary Capital’s XRPC, now officially effective on Nasdaq as of 5:30 PM ET. The listing marks a turning point for institutional XRP access, but the debut arrived as broader crypto markets extended their medium-term downtrend.

Sentiment remains pinned at fear amid persistent macro risk-off flows. Analysts including FxPro’s Alex Kuptsikevich warn crypto conditions still resemble “a short-term rebound within a larger decline,” with market structure vulnerable to deeper retracements. Large-cap token flows echo that caution, and XRP’s on-chain data showed 110.5M tokens moved between unknown wallets in the hours surrounding the breakdown, amplifying uncertainty during peak volatility.

Price Action Summary

XRP collapsed 7.3% from $2.48 to $2.30 over the 24-hour session, slicing through major support levels at $2.46, $2.40, and $2.36. The decline spanned a violent $0.23 range, with 157.9M XRP traded — 46% above the 24-hour average.

The core breakdown unfolded during a four-minute liquidation cascade from 04:32–04:35 UTC, when price plunged from $2.313 to $2.295 on 6.6M XRP volume — 254% above baseline. The single-minute spike of 4.06M at 04:32 marked the session’s selling climax. Liquidity briefly evaporated as trading flatlined between 04:35–04:36, indicating either halted order flow or severe book thinning.

Attempts to stabilize above $2.31 failed, and XRP settled into narrow consolidation near $2.30–$2.32.

Technical Analysis

The session confirmed a full technical breakdown with clear structural damage:

Support/Resistance:
• $2.29–$2.30 becomes primary support after breach of psychological floor
• Former support at $2.36, $2.40, and $2.47 now act as stacked resistance
• Invalidation for bulls requires a decisive reclaim of $2.36

Volume Profile:
• Total session volume 157.9M (+46%) confirms institutional-grade distribution
• Breakdown sequence showed 254% hourly volume spike, typical of liquidation-driven moves
• No meaningful recovery volume appeared during post-crash consolidation

Chart Structure:
• Descending triangle support failed decisively, killing prior reversal setup
• New lower range forming between $2.29–$2.33
• Breakdown aligns with medium-term downtrend in broader crypto indexes

Momentum Indicators:
• Oversold signals emerging intraday, but no confirmation of trend reversal
• Breakdown occurred below key EMAs; 50D/200D cross continues to slope bearishly

What Traders Should Watch

XRP now sits at a pivotal inflection point:

• Holding $2.29 is essential — failure exposes a fast move into the $2.00–$2.20 demand zone
• Any recovery must first reclaim $2.36 before bulls regain technical control
• ETF inflows will act as the next volatility catalyst; early XRPC volume during market open will indicate whether institutions treat the listing as an accumulation opportunity or liquidity event
• On-chain flows around the 110.5M XRP whale transfers remain a wildcard — exchange inflows would confirm additional downside risk
• Sentiment remains fragile across majors; beta-sensitive assets like XRP will respond disproportionately to broader market weakness

Canary Likely to Hit Pause on ETF Filings With XRP, Eyes SEC Shift for What’s Next

The firm’s CEO says it has ‘filed everything that falls under the generic listing standards’ as SEC approval barriers remain high.