The
This comes even after the Canary XRP ETF (XRPC) recorded a trading volume of $58 million on its first day, beating all other ETF launches this year. That surpassed the previous best trading volume of $57 million recorded by Bitwise Solana Staking ETF (BSOL).
XRPC also attracted $245 million in inflows on its first day, with Canary Capital CEO Steven McClurg suggesting that the reason for such high inflows was pent-up demand to gain regulated exposure to XRP.
Congratulations $XRPC for $58 million in volume on day one, the most of any ETF launched this year (out of 900), barely scratching the surface $BSOL$57 million. They are both in the competition as third place is more than $20 million away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
XRP Technical Analysis: Key Levels Under Pressure
Looking at the XRP/USDT chart, the coin’s price has entered a pressure zone after the 8% sell-off. Currently, XRP is hovering around $2.29, with a wide range for the day between $2.28 and $2.52.
The XRP price is below both the 50-day Simple Moving Average (SMA) of $2.56 and the 200-day SMA of $2.63, which now act as resistance levels. Crucial support exists around $2.15-$2.28, highlighted by repeated price rebounds in the yellow box on the chart.
XRPUSDT analysis source: Tradingview
If the price closes decisively below $2.28, the next strong support zone is at the $1.60 level (the 0.618 Fibonacci retracement), and further downside could push XRP closer to $1.25, a key historical low.
On the upside, regaining the 50- and 200-day SMAs ($2.56 and $2.63) could open the door to $2.72 (the 0.236 Fibonacci level) and $3.09, but the path is uncertain unless sentiment reverses quickly.
The RSI is near 43, indicating that the price is not yet oversold, while MACD and CMF remain flat to negative, indicating weak momentum and no immediate reversal triggers.
If volume remains high but price cannot quickly reclaim these moving averages, traders could see further declines towards the stronger $2.15 and $1.60 support points. But if buyers step in, perhaps triggered by new ETF inflows or improved sentiment, the potential for a recovery above $2.50 returns quickly.
Eyes now turn to whether ETF momentum and deeper accumulation can keep XRP near its recent lows, or whether further price declines lie ahead before the market finds its next upside catalyst.
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