Why XRP ETF proposals are increasing and what is keeping other issuers on the sidelines

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.

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.

XRP is experiencing a mixed performance as it approaches the end of November 2025, with its price fluctuating around $2.18 while traders monitor the $2.16–$2.25 corridor for potential movements. This comes amid a backdrop of volatility in the cryptocurrency market, where XRP's price has seen significant fluctuations recently.

Bitcoin miners experienced a temporary reprieve as mining difficulty decreased recently, but forecasts indicate a rise in difficulty come December, coinciding with hashprice levels nearing record lows. This fluctuation highlights the ongoing challenges miners face in maintaining profitability amidst changing market conditions.

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.

The Hyperliquid development team announced the unlocking of 1.75 million tokens, addressing community concerns about potential selling pressure that could impact the token's price. This event follows a significant $314 million unlock that had previously raised alarms regarding market stability.

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.