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XRP News Today: XRP Stands Strong Against Bear Market as ETF Investments Surpass Retail Outflows

XRP News Today: XRP Stands Strong Against Bear Market as ETF Investments Surpass Retail Outflows

Bitget-RWA2025/11/17 13:08
By:Bitget-RWA

- XRP price stabilized above $2.25 as Canary Capital's XRPC ETF generated $58.5M in first-day trading volume, surpassing other crypto ETFs. - SEC's July approval of in-kind redemption models enabled institutional adoption, with XRPC attracting $250M inflows via direct XRP token exchanges. - Whale 0x9ee increased XRP holdings to $52.2M, while XRPC's $26M 30-minute trading volume outperformed Bitwise's Solana ETF debut. - Despite bearish technical indicators and weak retail demand, shrinking XRP supply avail

Ripple's

maintained its value above $2.25 on Friday, keeping its market cap near $135 billion as institutional interest surged after the debut of the first U.S. spot XRP exchange-traded fund (ETF). , Canary Capital's , which launched on November 14, saw $58.5 million in trading volume on its opening day, surpassing other crypto ETFs and indicating renewed enthusiasm for altcoins despite a generally bearish market. The ETF also , thanks to its in-kind redemption structure that lets investors swap ETF shares directly for .

The ETF's strong performance was

after the U.S. Securities and Exchange Commission (SEC) gave the green light for in-kind creation and redemption of crypto ETFs in July. Steven McClurg, CEO of Canary Capital, within the Ripple payment ecosystem and suggested that ETF access could spark "a new phase of adoption and expansion for a vital blockchain network." The ETF's results of Bitwise's Staking ETF, making it the most notable ETF launch of 2025.
XRP News Today: XRP Stands Strong Against Bear Market as ETF Investments Surpass Retail Outflows image 0
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Large-scale investors further demonstrated faith in XRP's future. A prominent holder, known as 0x9ee,

in the last 8 hours, boosting their long position to $52.2 million. Although facing an unrealized loss of $1.14 million, this investor's combined holdings in and XRP climbed to $197.2 million, making it the largest long position for both assets on Hyperliquid. This move , where the amount of XRP in profit dropped to a yearly low of 44 million tokens, indicating widespread unrealized losses among holders.

Market experts observed mixed signals for XRP's near-term prospects. While ETF inflows provided positive momentum, retail participation was still subdued,

-down from $4.17 billion at the start of November. Technical analysis also showed downward pressure, and a Relative Strength Index of 43, pointing to ongoing risk aversion. Yet, some analysts believe that the decreasing supply available for sale could indicate a market bottom, as investors look for new opportunities amid tightening liquidity.

Institutional participation seems to set XRP apart. Unlike Solana, which is more deeply rooted in crypto-native circles, XRP's established presence among traditional financial institutions gives it an edge in ETF-driven expansion,

. This was evident during the XRPC ETF's debut, which within the first half hour—exceeding analyst forecasts—while XRP's price climbed 3% to $2.42.

The ETF's achievements also reflected wider market trends. Savvy traders

over the last day, showing renewed confidence. At the same time, the SEC's recent approval of XRP ETFs and the resolution of its lawsuit against Ripple in July have strengthened regulatory trust, in early November.

As institutional players continue to

new ways to integrate blockchain features into regulated investment vehicles, XRP's trajectory will likely depend on ongoing ETF inflows and broader economic conditions. With the Federal Reserve's hawkish approach weighing on the crypto sector, XRP's capacity to draw institutional funds may determine if it can keep its market cap above $135 billion in the months ahead.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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