21Shares launches fifth US spot XRP ETF — price structure weakens; November down ~14% despite ETF inflows

first published 2025-12-01T04:28:43Z

21Shares launched the fifth US-approved spot XRP ETF today. ETF issuers bought over 1% of XRP’s circulating supply within the first eight days; XRP held on exchanges has fallen about 45% (~3.95B to ~2.6B in ~60 days). Binance outflows (~$640M of XRP) roughly match ETF collections. Over 40,000 new wallets appeared recently, likely custodial/institutional. Despite the supply squeeze signals, XRP is down >7% in the last 24 hours to around $2. Key technicals: resistance at $2.30–$2.40 (break could target $2.60), downside retest at $1.83; some analysts and AI forecasts project a $5.05 target by end of 2025.

AI Analysis

Facts in the summary show concrete ETF buying (>1% of supply) and large exchange outflows (45% drop in exchange-held XRP and ~$640M removed from Binance), which are bullish supply-side signals. Short-term bearishness is indicated by a >7% 24h price drop and clear near-term resistance at $2.30–$2.40, reducing immediate conviction. These mixed but concrete on-chain and flow data justify a modestly positive sentiment and a moderate trading impact.

Source Articles