XRP Slips Under $2 After Fresh ETF Approval

Published at 2025-11-20 19:15:27

XRP fell under the psychological $2.00 threshold on Thursday, Nov. 20, sliding to price levels not seen since the October 10 sell-off. The dip came in the wake of a fresh ETF approval tied to the token, which appears to have prompted short-term profit-taking and rotation as traders reassessed risk and liquidity around the new product.

The drop matters because $2 has been a key short-term support and sentiment marker for XRP; a sustained break could open the door to deeper retracement, while a quick recovery would signal resilient demand. Market participants will be watching volume, order-book depth, and on-chain flows over the next sessions to gauge whether this is a transient pullback or the start of a more extended correction.

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Bloomberg reports Ripple’s share buyback implies a roughly $50 billion company valuation, well above the $40 billion level where the firm last raised capital in November. The move comes despite the ongoing crypto bear market and signals management confidence.

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Mastercard Deepens Partnership with Ripple to Simplify CBDC Use

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