XRP News Today: XRP Down Nearly 6% Despite Upcoming ETF Launches

Key TakeawaysXRP price has fallen close to 6% in the past 24 hours, nearing the lower boundary of its $2.20–$2.70 trading rangeApproaching death cross between 50-day and 200-day SMAs signals weakening short-term momentumCanary Capital's spot XRP ETF to launch in coming weeks but impact on XRP price is uncertain XRP Extends Decline as Market Turns Risk-OffXRP price fell nearly 6% in the past 24 hours, dropping to $2.27, as the token continues to trade near the lower boundary of its three-week range between $2.20 and $2.70. The decline followed a broader crypto market sell-off after the Federal Reserve’s latest policy update.While the Fed cut rates by 25 basis points as expected, Chair Jerome Powell’s cautious guidance signaled that another cut in December was “not guaranteed.” That shift reduced rate cut odds (CME FedWatch) from 91.1% to 67.1%, triggering a risk-off environment across digital assets and traditional markets alike. Technical Indicators Point to Weak MomentumAccording to recent technical readings, XRP shows increasing bearish pressure and fading buying confidence.Oscillators:Relative Strength Index (RSI 14): 36.03 – Neutral but close to oversold, indicating weakening bullish momentum.Momentum (10): -0.32237, suggests negative price momentum.MACD Level (12, 26): -0.06936, confirms a bearish crossover aligning with growing downside bias.Stochastic %K (14, 3, 3): 21.61, neutral but near the lower range, implying potential consolidation.Source: TradingViewMoving Averages:All major exponential and simple moving averages (10–200) remain above the current market price, supporting a bearish technical outlook:50-day SMA: 2.68288200-day SMA: 2.6240650-day SMA set to cross below the 200-day SMA, forming a potential death cross, a pattern that historically signals longer-term trend weakness.This upcoming death cross marks the first such event since May, highlighting deteriorating short-term momentum relative to the long-term trend. While not a guaranteed predictor of a deeper decline, its alignment with the negative MACD histogram and broad market weakness suggests caution remains warranted.Source: TradingViewMacro Pressure and Broader Market ContextThe Federal Reserve’s policy stance has weighed heavily on investor sentiment. Powell’s comments fueled risk aversion, causing a retreat across equities, commodities, and cryptocurrencies. Analysts from FxPro warned that Bitcoin’s repeated tests of its 200-day moving average imply fragile support, increasing downside risk for altcoins such as XRP.Meanwhile, over $1.2 billion in crypto liquidations occurred within 48 hours, reflecting the unwinding of leveraged long positions and defensive market positioning. Despite this, long-term holders appear to be maintaining high confidence, with ETF flows into major digital assets holding steady, hinting that structural demand remains intact. XRP ETFs in ProgressA major development now shaping XRP’s midterm outlook is the imminent launch of a spot XRP ETF, which could mark a transformative moment for the token’s institutional adoption. Canary Capital’s XRP ETF is slated to debut on November 13, 2025, followed closely by Bitwise and other issuers, potentially unlocking billions in institutional capital inflows. The growing excitement has even spilled over to Stellar Lumens (XLM), with price forecasts targeting $0.75–$1.00 by year-end as investors anticipate cross-market momentum between the two cross-border payment tokens. Meanwhile, Grayscale Investments has advanced its own Grayscale XRP Trust, submitting Amendment No. 2 to the SEC on November 3, 2025, outlining structural and operational details of the proposed ETF, set to trade on NYSE Arca under the ticker GXRP. The filing reveals that the fund will operate as a passive investment vehicle, designed to mirror XRP’s market price while allowing authorized participants to create or redeem 10,000-share “Baskets” in exchange for XRP or cash.In an X post, Nate Geraci wrote that the anticipated approvals signal a significant shift in US regulatory sentiment toward crypto assets.Analysts suggest that if these ETF products launch on schedule, liquidity and adoption could trigger a major market re-rating for XRP. However, delays or unfavorable market sentiment could cause the asset to stall or slip below $2, reflecting the sensitivity of investor confidence to regulatory progress.  XRP Outlook: Testing Support Amid Macro UncertaintyWith the RSI near 36, MACD negative, and a looming death cross, XRP’s near-term bias remains cautious. Market participants will watch for stabilization near $2.20, while any recovery would likely require renewed institutional interest and a shift in macro sentiment.