Due to outflows from Bitcoin spot ETFs, XRP’s price plummeted to $2.232. Despite Ripple Swell announcing a strategic $500 million investment from Wall Street institutions like Citadel, with a valuation of $40 billion, and revealing a partnership with Mastercard to use RLUSD for on-chain settlement of credit card transactions on the XRP ledger, these major bullish signals have not prevented the downward trend.
Ripple Secures $500 Million Strategic Investment from Wall Street
Although XRP continued its decline from November, Ripple made several significant announcements at Ripple Swell 2025 that eased selling pressure. Ripple President Monica Long summarized the key points of the event, stating: “Today, Fortress, Citadel, Pantera, Galaxy, Brevan Howard, and Marshall Wace invested $500 million into Ripple. This is a major corporate milestone for us—it clearly demonstrates how far we’ve come and our future strategic direction.”
Most importantly, this $500 million investment marks a major shift in perception towards Ripple and its expansion into mainstream markets, further validating XRP’s legitimacy. Citadel Securities is one of the largest market makers in global equities, Fortress Investment Group pioneers alternative credit strategies, and Brevan Howard is one of the world’s most successful macro trading firms. The participation of these top-tier institutions indicates Ripple has passed rigorous institutional due diligence.
Additional announcements include collaborations with Mastercard and WebBank, which could boost demand for XRP. Monica Long commented: “Today, we also announced partnerships with Mastercard and WebBank to use RLUSD for on-chain fiat settlement of credit card transactions on the XRP ledger. This will be the first regulated US bank to settle traditional credit card transactions using a regulated stablecoin on a public blockchain.”
With the anticipated launch of XRP spot ETFs and the rollout of Ripple Prime, these developments come at a critical juncture. Ripple CEO Brad Garlinghouse recently emphasized XRP’s central role in expansion plans, stating: “With the completion of Hidden Road (now Ripple Prime) today, Ripple has announced five major acquisitions over the past two years.” These include the recent acquisition of GTreasury last week, Rail in August, Standard Custody in 2024, and Metaco in 2023, totaling over $2.45 billion in investments.
Bitcoin Spot ETF Six Consecutive Days of Outflows Drag Market Down
On November 5, Bitcoin spot ETFs experienced net outflows of $137 million, marking the sixth consecutive day of capital withdrawal. This persistent outflow set the tone for the decline on Thursday, November 6. Bitcoin fell 2.5%, closing at $101,300, dragging the entire crypto market lower. XRP dropped 5.56%, underperforming the broader market’s 2.41% decline.
The continuous outflows from Bitcoin spot ETFs are significant in today’s XRP news. As the market leader, Bitcoin’s price movements strongly influence the entire crypto sector. When Bitcoin ETFs see capital outflows, it generally indicates that institutional investors are reducing their overall crypto allocations, which can negatively impact major coins like XRP. Six days of sustained outflows suggest this is a trend rather than a short-term fluctuation.
Weak US labor market data further fueled market pessimism. Challenger’s layoffs report showed resignations surged from 54,064 in September to 153,074 in October, raising concerns about the US economic outlook. October’s data triggered risk-off sentiment, with the Nasdaq down 1.9% and USD/JPY falling 0.68% to 153.057. In a risk-averse environment, risk assets like cryptocurrencies tend to suffer the most.
After dropping 11.84% in October, XRP declined another 12.42% in November, trading well below its 50-day and 200-day exponential moving averages (EMAs), indicating strong downward momentum. Notably, the 50-day EMA has crossed below the 200-day EMA—a so-called “death cross”—a technical signal suggesting further declines. However, some key events could reverse this technical outlook and trigger a rebound.
Increase of 21,595 XRP Wallets Indicates Buying on Dips
Optimism has eased some downside risks ahead of the XRP spot ETF launch, prompting investors to buy the dip. Market intelligence platform Santiment commented: “XRP’s price has rebounded, and dip buyers have gained 12% over the past 24 hours. Notably, XRP Ledger data shows that in the past 48 hours, 21,595 new XRP wallets were created—this is the highest increase in eight months.”
The creation of 21,595 new wallets within 48 hours is an unusually high rate for XRP news today. New wallet creation typically signals fresh capital inflows, as each wallet requires at least 1 XRP as an activation reserve. This means at least 21,595 XRP are being locked up, and these new users may continue buying XRP for trading and investment.
Wallet creation volume reaching an eight-month high contrasts sharply with the recent price declines. This divergence, known as “volume-price divergence” in technical analysis, often signals an impending trend reversal. When prices fall but new user activity increases, it suggests market participants see current prices as attractive and are actively accumulating. Continued buying on dips could provide support and help form a price bottom.
Canary Funds, Bitwise Invest, and Franklin Templeton have filed revised, more concise S-1 documents to avoid US government shutdown impacts. The revisions removed the “delayed amendment” clause that granted the SEC control over the issuance of spot ETFs. The updated filings now allow ETF issuers to launch their products after a 20-day waiting period.
CryptoAmerica host and reporter Eleanor Terrett recently stated that if Nasdaq approves Canary Funds’ 8-A filing, their XRP spot ETF could launch as early as November 13. This date is just a week away, providing a clear catalyst for the market. If the XRP ETF launches on November 13, it could trigger significant capital inflows and a price rebound.
Technical Analysis: $2.20 Support Determines Short-Term Trend
(Source: TradingView)
On November 6, XRP declined 5.56%, partially retracing the 6.21% gain from the previous day, closing at $2.2125. The token underperformed the overall crypto market, which fell 2.41%. After dropping 11.84% in October, XRP fell another 12.42% in November, trading well below its 50-day and 200-day EMAs.
Key Technical Levels for XRP
Support Levels: $2.20, $2.00, $1.90
200-Day Moving Average Resistance: $2.5898
50-Day Moving Average Resistance: $2.5826
Resistance Levels: $2.35, $2.50, $2.62, $2.80, $3.00, $3.66
In a bearish scenario, breaking below $2.20 could see XRP test the psychological support at $2.00. If that support fails, the next critical support is the June 2025 low of $1.9112. The downward channel shows that earlier in October, XRP repeatedly failed to break above the upper trendline, and its failure to do so led to new lows.
In a bullish scenario, holding above the November 4 low of $2.0674 could support a move toward resistance at $2.35. Breaking through $2.35 might allow bulls to challenge the upper trendline and potentially retest $2.50. Strong institutional demand could push the price toward $3, possibly reaching new all-time highs.
In the short term, key upcoming events that could influence XRP include US Senate votes, the launch or delay of the XRP spot ETF, institutional holdings in BlackRock’s iShares XRP Trust, interest from blue-chip companies in using XRP as treasury reserves, Ripple’s application for a US banking license, market structure legislation, and news related to SWIFT.
XRP’s near-term trajectory depends on overall market sentiment and Bitcoin ETF capital flows. However, developments in Congress, ETF approvals, and Federal Reserve rate outlooks will shape medium-term trends. Progress on the Market Structure Bill, Senate votes on temporary funding, and the potential ETF launch could all trigger a reversal from bearish momentum.
