XRP Price Suppression? Analyst Points To Big Banks And Private Equity Players

Upbit, South Korea's largest cryptocurrency exchange, has announced a restart date of December 1 for digital asset deposits and withdrawals following a significant hack that resulted in a loss of approximately $37 million, primarily affecting Solana-based assets. The exchange has deleted all existing deposit addresses as part of its security measures.

The flow of capital into spot Bitcoin and Ethereum ETFs has shown signs of recovery, marking the first week of net-positive inflows since October, following a prolonged period of outflows. This shift indicates a potential stabilization in institutional demand for these cryptocurrencies after a challenging month.

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.

Apple Pay has integrated with leading cryptocurrency platforms, making the process of buying Bitcoin and other cryptocurrencies significantly easier and more intuitive for users. This integration marks a pivotal shift in the accessibility of digital currencies, streamlining what was previously seen as a complex acquisition process.

Turkmenistan has announced plans to legally accommodate cryptocurrency operations starting January 1, 2026, marking a significant shift in its regulatory approach to digital assets. This decision aligns the country with a growing trend among nations to regulate rather than ban cryptocurrencies.

Upbit, South Korea's largest cryptocurrency exchange, has initiated an accelerated security overhaul following a cyberattack that resulted in the unauthorized withdrawal of approximately $36 million from its Solana network. The exchange has temporarily suspended all deposits and withdrawals as investigations continue into the breach, which authorities suspect is linked to North Korea's Lazarus Group.

Bitcoin's price has recently recovered above $90,000 after dipping to an 8-month low of $80,000, indicating a potential rebound in the cryptocurrency market. Analysts are observing this recovery closely, as it follows a significant sell-off and profit-taking by long-term holders, raising questions about the sustainability of this upward movement.

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.