XRP Crash Coming? All Eyes on Nov 24 ETF Decision

3 mins mins

Key Insights:

XRP breaks the triangle pattern, now targeting long-term support near $0.65 if no rebound forms.
Franklin ETF delay to Nov 24 removes short-term bullish triggers, leaving XRP exposed to downside.
Canary’s XRPC ETF draws $276M in inflows, but XRP price fails to react with strength.

*XRP Crash Coming? All Eyes on Nov 24 ETF Decision*

XRP was trading at $2.14, showing a 2.2% drop over the last 24 hours and a 12.4% loss over the past week. Trading volume stands at $4.47 billion, reflecting continued activity as investors wait for a key decision tied to the Franklin Templeton XRP ETF, now scheduled for November 24, 2025.

Price Weakens After Chart Breakdown

The weekly chart shows XRP has broken below a descending triangle structure. This type of setup often indicates a continuation of downward pressure. Based on the current chart, the projected target sits near $0.65 to $0.70, which lines up with a rising trendline that has held since 2019.

This support zone remains an area to watch if selling continues. A recovery back above $2.50 would shift short-term momentum. Without it, the current pattern points to further decline.

One analyst warned, “Long way down for $XRP if it doesn’t recover in the next couple of weeks!”

ETF Delay Keeps Market on Edge

The Franklin Templeton XRP ETF, which many had hoped would bring buying interest, has been delayed until November 24. This development leaves short-term sentiment mixed, as the market waits for more clarity. The delay also removes a near-term catalyst that traders had been watching closely.

With price still under pressure, the delay raises questions about whether demand will return in time to support current levels. The next move may depend on the outcome of the ETF decision and whether buyers respond once more details are available.

Canary’s XRPC ETF Shows Steady Inflows

While Franklin’s ETF is still pending, the XRPC Spot ETF by Canary has attracted strong interest. Between November 14 and 18, the fund added $276.79 million in total net inflows. On November 18, the inflow was $8.32 million, showing that demand has continued, though at a slower pace.

The first day of inflows saw $243.05 million, followed by $25.41 million the next day. Total net assets now sit at $277.82 million.

According to ALLINCRYPTO,

“Positive inflows indicate high demand from institutional investors.”

⚡ Canary's $XRP ETF XRPC has accumulated positive inflows totaling around $276.79M in cumulative total net inflows and $8.32M inflows during Nov 18. Positive inflows indicate high demand from institutional investors. pic.twitter.com/gy3wuc6lDJ
— ALLINCRYPTO (@RealAllinCrypto) November 19, 2025

Market Awaits Clarity

Despite positive inflows into the ETF, XRP has not yet found solid support. The price remains under pressure, and the technical setup suggests more downside if no rebound occurs. Traders are watching for any move that can keep XRP above key long-term support before the ETF decision arrives.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.