XRP Price: Token Reclaims $2 Mark as ETF Launches Drive Institutional Interest

TLDR

• XRP price climbed above $2.05 on November 23, 2025, representing a 7% daily increase after a period of sideways trading.
• Grayscale Investments launched two spot exchange-traded funds on NYSE Arca, including GXRP, giving U.S. investors regulated access to XRP.
• ETF inflows reached $422 million across live products, with Canary Capital XRPC ETF recording $250 million in inflows and Bitwise XRP ETF adding over $100 million.
• XRP futures open interest increased to $3.55 billion, up 8.69%, showing growing demand in derivatives markets.
• The SEC vs. Ripple case concluded in 2025 with a ruling that secondary-market sales of XRP are not securities, providing regulatory clarity.

XRP price reached $2.05 on November 23, 2025, posting a 7% gain in 24 hours. The move came after days of sideways trading that had kept the token below the $2 threshold.

The recovery matched broader crypto market momentum. Bitcoin climbed back above $86,000 while Ethereum crossed $2,800. Dogecoin added 5% during the same period.

Grayscale Investments launched two spot exchange-traded funds on NYSE Arca on Monday. The GXRP fund provides direct exposure to XRP through traditional financial markets. This marks one of the first times U.S. investors can access the token through regulated products.

Canary Capital XRPC ETF recorded $250 million in inflows with $58 million in first-day trading volume. The Bitwise XRP ETF attracted over $100 million in assets shortly after its debut. Combined inflows across live XRP ETF products reached $422 million.

Approximately 200 million XRP moved off major exchanges within 48 hours of the ETF launches. The shift suggests changes in how investors hold the token. About 42% of circulating XRP remains held at a loss according to on-chain data.

ETF Activity Signals Growing Institutional Adoption

XRP futures open interest climbed to $3.55 billion, an increase of 8.69%. The growth in derivatives trading reflects increased activity from traders and institutions.

The SEC vs. Ripple case ended in 2025 when Judge Analisa Torres ruled that secondary-market sales of XRP are not securities. The decision removed legal uncertainty that had surrounded the token for years.

Banks and payment providers can now explore Ripple’s On-Demand Liquidity solutions without the same regulatory concerns. RippleNet uses messaging compatible with ISO 20022, a global payment standard used by financial institutions.

Technical Indicators Show Mixed Signals

The MACD indicator crossed above its signal line on the 4-hour chart. The histogram showed increasing bars that point to building upward momentum. The RSI moved into the mid-50 range after recovering from oversold levels.

XRP faces resistance at $2.20, a level that has acted as a barrier in recent weeks. A breakout above this point could open movement toward $2.50. Some analysts see potential for the price to reach $3.00 if buying pressure continues.

The token remains within a descending channel established in August 2025 on daily charts. The daily RSI recently hit its lowest reading since 2024. Past instances of similar RSI levels preceded short-term rebounds.

Support sits near $2.00, with a stronger floor around $1.80. A drop below $2.00 would weaken the current setup. The MACD histogram on daily timeframes has flattened, suggesting momentum could shift if buyers maintain control near support zones.

Large holders control above 68% of circulating XRP supply based on wallet data. This concentration can lead to quick price movements in either direction. ETF products added institutional pathways that didn’t exist before 2025.

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