XRP ETF Withdrawal: CoinShares Takes A Strategic Pause
CoinShares has officially withdrawn its Spot XRP ETF application in the U.S., but not due to regulatory hurdles. Instead, the firm points to extreme competition and fee pressure in the American crypto ETF market. Heavyweights like BlackRock and Fidelity continue to dominate market share, making profitability a major challenge for smaller issuers. Despite the withdrawal, institutional demand for XRP remains strong. In fact, recent ETF client purchases worth over $21 million have pushed total XRP assets in institutional funds to $676M+, signaling continued trust in XRP as a major crypto asset. Currently, XRP is consolidating around $2.19, trading flat in the last 24 hours but still holding a +6.8% gain over the week. The market shows healthy accumulation, with declining exchange balances — a bullish long-term indicator. With key resistance at $2.22-$2.25, a breakout could spark the next leg upward toward $2.44. However, traders should remain cautious of potential fakeouts in the current tight price range. CoinShares’ move highlights an evolving ETF battleground — where strategy matters as much as regulation. The question now: which issuer will take the next major step in the XRP ETF race?
$XRP ETF Application Withdrawn by CoinShares — What’s Happening? 🔍
CoinShares has withdrawn its $XRP spot ETF application, citing intense U.S. market competition rather than regulatory issues. The move reflects growing fee pressure among ETF issuers.
Market Snapshot
💵 XRP at $2.19 (-1.09% 24h, +6.8% weekly)
📊 Trading volume: $2.07B
🏦 Market cap: $132.7B, ranked #4
🔄 Exchanges saw $798K net outflow, hinting at accumulation
Technical Outlook
XRP is consolidating between $2.15 support and $2.22 resistance
$ALCX has jumped over 25% to $11.77, supported by strong buying pressure and a major spike in trading volume. The rally follows the successful Alchemix v3 upgrade, rising DeFi activity, and increased on-chain adoption.
Market Snapshot
📈 +25.6% (24h) and +20.9% (7d)
💰 Trading volume surged to $8.94M, with peaks near $95M
🏦 Market cap: $28.7M
Technical Overview
EMA structure is strongly bullish.
RSI is overbought (75–79) → possible short-term consolidation.
Key support: $10.70–$10.90
Major resistance: $11.96, next targets $12.50 / $13.50
$MORPHO 📉 $MORPHO drops to $1.56, down 12% in 24h and 22% this week, as market sentiment sinks into Extreme Fear (11). 📊 Price sits below key EMAs, confirming a bearish trend, though RSI ~32 shows it’s nearing oversold territory. 🔥 Despite the decline, Morpho remains strong fundamentally with $6B+ TVL and rising institutional adoption, including Société Générale and major lending partners.
💡 Support sits at $1.52, while resistance remains at $2.00; traders may watch for an oversold bounce but overall caution is advised.
$DYM 🚀 $DYM explodes 103% in 24h to $0.1711, with massive volume and strong bullish momentum. 📊 RSI at 68 and a golden EMA cross confirm strength, but key resistance sits at $0.225. 🔥 Hype is driven by the upcoming Beyond Upgrade, Season 2 airdrops, new DYM Name Service, and fresh perpetual listings. 📈 Market cap is now $125M, with $506M 24h volume — a huge 3.28 volume-to-cap ratio signaling intense activity. ⚠️ RSI near overbought + negative funding rates create a high-risk setup. Watch $0.225 for breakout or $0.150 for a pullback entry.
$BANK 🚀 Lorenzo Protocol is launching its USD1+ On-Chain Traded Fund (OTF) to bring institutional-grade yield products into DeFi. 📉 Meanwhile, $BANK remains highly volatile — a 90% surge followed by a 46% drop post-listing, now trading near cycle lows with bearish technicals and a Strong Sell signal. 😨 Market sentiment is deep in Extreme Fear (15), adding pressure as BANK sits 76% below its ATH and carries a Binance Seed Tag. 🔥 Despite this, Lorenzo is expanding with OTF deployment, FAL upgrades, and partnerships across @B2B settlements, enterprise payments, and institutional custody.
$HIGH 📉 $HIGH trades at $0.234, down 12% this week, staying below key 7D & 30D MAs — confirming bearish sentiment. 📊 RSI sits around 40 (neutral), while support at $0.232 is crucial; resistance lies at $0.256 and $0.276. 🔥 Despite the drop, high-income investor interest is rising — 84% plan to increase crypto exposure. 🏦 Institutions are also expanding, with CME launching new Bitcoin volatility indices to support advanced risk management. ⚠️ Traders should watch the $0.232 support closely; thin liquidity makes downside risk higher.
$BTC 📉 Bitcoin drops below $90K, now near $88,930, down 1.3% as it tests the key $89,000 support. 📊 Technicals stay bearish: RSI 32 (near oversold), negative MACD, with resistance at $93K. ⚠️ Market sentiment has flipped to Extreme Fear (15) after $100M+ long liquidations. 🏦 Despite the drop, $BTC ETFs saw a $75.4M net inflow, signaling ongoing institutional interest. 💡 If $89K breaks, price could revisit the $83–84K zone; recovery requires breaking $93K–$95.7K.
🚀 $TNSR explodes 192% in 24h, hitting $0.2597 with a massive 653% surge in volume and a staggering 959% jump in open interest — signaling aggressive trader participation.
📊 MACD shows strong bullish momentum, but RSI 76.6 indicates overbought conditions and high volatility. Price is also above the upper Bollinger Band, hinting at a possible pullback.
🔥 The rally is fueled by ecosystem expansion, new perpetual contract listings, and Tensor’s dominant position in the Solana NFT market.
⚠️ Risk alert: Extreme overbought levels + upcoming token unlocks (Nov 21–26) may add selling pressure. New long entries are risky until a pullback.
#AlphaUpdate 🚀 Binance Alpha will be the first platform to feature ULTILAND (ARTX) on November 21! Once trading opens, eligible users can claim the airdrop using Alpha Points on the Alpha Events page. More details will be revealed soon — stay tuned to Binance’s official updates!
The future of decentralized governance is leveling up with @Lorenzo Protocol . Their innovative approach to on-chain decision-making and sustainable tokenomics is setting a new benchmark for community-driven ecosystems. With $BANK powering the network, users get real utility, transparency, and long-term alignment. Excited to see how #lorenzoprotocol l continues shaping the next generation of DeFi infrastructure.