XRP’s November Run Sends Mixed Signals as RLUSD Expansion Draws Attention

The launch of Grayscale's spot Dogecoin ETF on November 24, 2025, was met with disappointing trading volumes, reaching approximately $1.4 million on its first day, significantly lower than analysts' expectations. This muted response reflects a lack of enthusiasm in the market despite the anticipation surrounding the first-ever Dogecoin ETF.

XRP's price is currently at a critical juncture, trading around $2.20, just above a significant Fibonacci support level. Analyst Egrag Crypto has outlined three potential outcomes for XRP's future, emphasizing the importance of closing above $2.60 to maintain bullish momentum. The monthly candle is nearing closure, adding urgency to the analysis.

Ripple has reported a significant increase in demand for its RLUSD stablecoin, which is now well-positioned to capitalize on market opportunities. The stablecoin has recently surpassed $1 billion in supply on the Ethereum blockchain, coinciding with its regulatory approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA).

Bitcoin, Ethereum, and XRP are experiencing a price recovery, with the United States identified as a significant source of market support. Recent trading data indicates that buying and selling pressures are unevenly distributed, reflecting a shift in trader behavior amidst fluctuating prices.

Recent discussions around XRP have intensified as the cryptocurrency maintains a trading price around $2.20, coinciding with the launch of new Spot XRP ETFs that are attracting significant institutional interest. An XRP enthusiast, Pumpius, has provided insights into the market's current calmness despite rising demand, suggesting that the price does not yet reflect the underlying dynamics of ETF mechanics.

XRP has recently shown signs of a classic accumulation pattern, with on-chain metrics indicating a decline in active addresses to around 19,400, the lowest this year. This shift coincides with the launch of spot exchange-traded funds (ETFs) in the United States, which have introduced new dynamics to XRP's price movements. Analysts suggest that this could signal a major breakout for the cryptocurrency.

CoinShares has decided to withdraw its applications for multiple cryptocurrency exchange-traded funds (ETFs) with the United States Securities and Exchange Commission (SEC), including those for Solana and XRP. This strategic shift reflects the firm's reassessment of the saturated US crypto ETF market amid ongoing regulatory challenges.

XRP has recently seen its price stabilize around $2.20, following a period of volatility in the cryptocurrency market. The Supertrend indicator has turned green, signaling a potential bullish trend, while inflows into Ripple-linked exchange-traded funds (ETFs) have surged, reflecting growing institutional interest in XRP.