The crypto market witnessed a major milestone as Canary Capital officially launched the
$XRP ETF on November 13, 2025, marking one of the most successful ETF debuts in the industry. With a massive $59 million trading volume on Day 1 and $256 million within the first three days, the XRP ETF quickly became the top ETF launch of 2025, reinforcing strong institutional interest despite overall market turbulence.
This launch also symbolized a historic moment for Ripple, following its long-fought legal battle with the SEC. The final ruling acted as a confidence boost for the XRP community and institutions that have stood with Ripple throughout the case.
ETF Hype vs Market Reality: Why XRP Price Dropped Instead of Rising
On November 24, 2025, the crypto world buzzed with two major announcements:
The official launch of the
$XRP ETFThe introduction of Grayscale’s Dogecoin ETFWhile investors expected XRP to rally strongly, reality unfolded differently.
Instead of pumping, XRP fell from $2.50 to $2.00, surprising many traders.
Why did this happen?
1. Classic “Sell the News” Behavior
On-chain data revealed that whales sold nearly 200 million XRP in the first 48 hours after the ETF launch.
This selling pressure overpowered institutional inflows, causing downward volatility instead of the expected pump.
2. Negative Overall Market Sentiment
The broader crypto market experienced a $1.1 trillion drop in total market cap within 41 days.
Bitcoin slipped under the $90,000 level, dragging major altcoins — including XRP — along with it.
3. ETF Effects Take Time
Experts note that new ETF inflows rarely impact prices instantly.
Historically, the strongest price effects emerge months later, meaning 2026 could be the real turning point for XRP ETF–driven growth.
On-Chain Data Shows Market Weakness
Even at a price of $2.10, around 41.5% of XRP’s circulating supply remained held at a loss.
This indicates:
A large number of late buyers stuck in high-entry positions
Continued profit-taking pressure
A structurally weak market setup for short-term movements
This explains why XRP couldn’t maintain bullish momentum despite the groundbreaking ETF launch.
Conclusion: ETF Success Is Clear, but Market Recovery Needs Time
The XRP ETF stands as a historic achievement for Ripple and the broader crypto ecosystem.
However, macro trends, whale activity, and delayed institutional impact have prevented an immediate price rally.
As ETFs continue to attract long-term institutional capital, 2026 may reveal the true impact of this launch on
$XRP valuation. For now, traders should stay informed, follow on-chain trends, and prepare for future market cycles that may unlock XRP’s long-awaited momentum.
Stay tuned — more market updates, ETF breakdowns, and real-time analysis are coming soon. 👍🤩🎁Follow for the latest trends that help you stay ahead in the crypto world.
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