XRP has taken center stage this week as the broader crypto market faces increasing selling pressure. Despite the volatility, a major breakthrough has occurred: Canary Capital’s XRP exchange-traded fund (ETF) has received official regulatory approval, marking a historic step for the asset.
On November 12, 2025, Nasdaq certified the product for listing, paving the way for trading to begin on November 13 under the ticker XRPC – establishing the first-ever spot XRP ETF on a US exchange.
This milestone represents a turning point not only for Ripple’s ecosystem, but also for broader cryptocurrency adoption in traditional finance. The approval follows years of regulatory scrutiny of XRP and its legal status, signaling growing institutional acceptance of the asset as a legitimate digital commodity.
While the announcement has fueled optimism among investors, the price of XRP remains under pressure in the near term as traders consider the macroeconomic risks and profit-taking of early entrants.
Still, analysts see the ETF’s launch as a potential catalyst for renewed liquidity and market participation, which could help stabilize sentiment and attract new inflows. With trading set to begin soon, all eyes are now on how XRPC performs in its debut – and how the market reacts.
Whales run the XRP ETF as retail rushes after the news
According to a recent CryptoQuant report by analyst Woominkyu, the behavior of major investors around the announcement of the XRP Spot ETF reveals a familiar pattern in the crypto markets: whales went first, then retail followed. Futures data shows that in the days leading up to the ETF’s approval, there was a marked increase in whale-sized orders, indicating that major players had started positioning early while the price of XRP remained low and liquidity was low.
However, when the ETF announcement went public, retail orders soared, indicating smaller traders entered the market after the news broke. This dynamic – whales buy early and retail comes in later – often creates a volatile and less predictable environment.
When sentiment-driven buying overlaps with previously informed capital flows, short-term corrections and erratic movements will often follow.
The launch of the XRPC ETF accelerated this shift and brought in new participants who had been waiting on the sidelines.
While this doesn’t necessarily spell the end of XRP’s movement, it does highlight a transition phase, where the balance of power between institutional accumulation and retail speculation will determine its next direction. In the coming weeks we will test whether the whales choose to hold profits or start taking profits.
Bulls find support at $2.30
The weekly XRP chart shows the asset consolidating around $2.50 and remaining firmly above the key support zone around $2.30 after the recent ETF-driven rally. The launch of the Spot ETF caused sharp volatility, but the structure now indicates stabilization as the market digests this historic milestone.
From a technical perspective, price remains bullish over the medium term, with the 50-week moving average (blue line) acting as immediate dynamic support. Despite recent corrections from highs around $3.50, buyers have consistently entered at lower levels, indicating strong interest from institutional participants following the ETF’s approval.
A decisive weekly close above $2.70 could open the door for another move higher towards $3.20-$3.50, where the next resistance cluster lies.
However, if the $2.30 zone does not hold, the next key demand area is around $1.90, in line with the 100-week moving average (green line). Given current conditions, XRP appears to be entering a reaccumulation phase, with volatility decreasing as traders wait for confirmation of the next move.
Featured image of ChatGPT, chart from TradingView.com
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