XRP News Today: XRP Price Declines 4% Amid Whale Sell-Off

Key TakeawaysXRP price falls 4% to $2.17 amid wider crypto market decline, whales selling holdingsETF-driven “sell-the-news” pressure fuels short-term weakness despite $245M ETF inflowsTechnical indicators turn negative, with MACD and Momentum numbers showing continued downside pressure.ETF Launches Trigger a “Sell-the-News” ReactionThree XRP ETFs launched this month, including Canary Capital’s XRPC (Nov. 13) and Amplify’s ETF (launches today, Nov.18), fueling early optimism but quickly triggering profit-taking. XRP prices fell 12% post-launch, following a familiar pattern where traders buy the rumor and sell the news.Despite $245M in first-week ETF inflows, spot market weakness overwhelmed institutional interest. ETF volumes dropped 55% post-launch, indicating low confidence among short-term holders. Reports also indicate that whales have sold around 200 million XRP within 48 hours of the Canary Capital ETF launch last week.What to watch:Institutional participation over the next 30–90 days, especially as Franklin Templeton’s EZRP ETF begins trading today (Nov. 18). Market-Wide Liquidation Cascade Intensifies XRP LossesXRP is not the only crypto asset to be hit by the market-wide decline, as Bitcoin slides below $90,000, and over $1B in crypto liquidations has taken place in the past 24 hours. XRP alone saw $43.96M in liquidations, magnifying its intraday losses.Source: CoinglassXRP maintains a high 0.85 YTD correlation with BTC, meaning downturns in Bitcoin often generate amplified selling pressure across XRP markets.Glassnode also reported that only 58.5% of the XRP supply is currently in profit. This marks the lowest reading since November 2024, when the token was priced around $0.53. Technical Breakdown Adds to Downward MomentumXRP fell below critical support at $2.20, alongside a break under the 50-day EMA ($2.40). Technical indicators from the market dashboard confirm building bearish momentum:Oscillator OverviewRSI (14): 38.67 — pointing to weak momentum but not deeply oversoldMACD (12, 26): –0.08560 — confirming downside biasMomentum (10): –0.11596 — mild improvement but still aligned with selling pressureCCI (20): –131.06 — signaling market weaknessMoving Averages (Uniformly Bearish)All major moving averages trend below recent price action:Source: TradingViewThis cluster of downward-sloping averages shows a market firmly under bearish momentum, with no clear signs of a trend reversal yet.XRP has also broken below its descending channel resistance, with minor support near $2.15. A break below this would expose the support line of the channel, with risks extending toward $1.98, the 2025 low. XRP Outlook: Key Levels to WatchXRP continues to trade inside a descending channel, reflecting ongoing selling pressure on rallies.Support Zones$2.15 — immediate minor support$2.10 — critical level; a close below risks deeper losses$2.08 — Fibonacci support (78.6% retracement)$1.61 — long-term support if channel breaksResistance Zones50-day SMA at 2.50824 — key barrier; break above suggests early trend stabilizationDowntrend line — strong signal of potential short-term momentum shiftA sustained close above the 50-day SMA ($2.52) would indicate buyers attempting a comeback. A confirmed break above the downtrend line would mark a potential short-term reversal.