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

XRP price falls 4% to $2.17 amid wider crypto market decline, whales selling holdings
ETF-driven “sell-the-news” pressure fuels short-term weakness despite $245M ETF inflows
Technical indicators turn negative, with MACD and Momentum numbers showing continued downside pressure.
ETF Launches Trigger a “Sell-the-News” Reaction

Three 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 Losses
XRP 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.

XRP 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 Momentum
XRP 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 Overview
RSI (14): 38.67 — pointing to weak momentum but not deeply oversold
MACD (12, 26): –0.08560 — confirming downside bias
Momentum (10): –0.11596 — mild improvement but still aligned with selling pressure
CCI (20): –131.06 — signaling market weakness

XRP News Today: XRP Price Declines 4% Amid Whale Sell-Off
AI Summary
Key Takeaways
XRP price falls 4% to $2.17 amid wider crypto market decline, whales selling holdings
ETF-driven “sell-the-news” pressure fuels short-term weakness despite $245M ETF inflows
Technical indicators turn negative, with MACD and Momentum numbers showing continued downside pressure.
ETF Launches Trigger a “Sell-the-News” Reaction
Three 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 Losses
XRP 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.

XRP 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 Momentum
XRP 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 Overview
RSI (14): 38.67 — pointing to weak momentum but not deeply oversold
MACD (12, 26): –0.08560 — confirming downside bias
Momentum (10): –0.11596 — mild improvement but still aligned with selling pressure
CCI (20): –131.06 — signaling market weakness
Moving Averages (Uniformly Bearish)
All major moving averages trend below recent price action:

This 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 Watch
XRP 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 breaks
Resistance Zones
50-day SMA at 2.50824 — key barrier; break above suggests early trend stabilization
Downtrend line — strong signal of potential short-term momentum shift
A 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.
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