XRP Price: Triple Bottom Pattern Forms as Four ETFs Enter Market
TLDR
XRP supply in profit has hit its lowest point in 12 months, with 41.5% of holders (26.5 billion XRP) currently underwater at the price of $2.15
The coin has dropped 40% from its July all-time high of $3.65, leaving many investors who bought above $3.00 facing losses
Analyst Tony Sycamore says recovery requires a decisive move back above $2.70, with stop-losses and forced sales creating downward pressure
Four new XRP ETFs from Franklin Templeton, Bitwise, 21Shares and CoinShares are launching this week following Canary Capital’s successful debut
Technical analyst Ali Martinez identifies $2.15 as a key support level, suggesting a potential rebound to $2.40-$2.70 if this level holds
XRP is trading at $2.14, down more than 40% from its all-time high of $3.65 reached on July 18. The price decline has left a large portion of XRP holders facing unrealized losses.
According to crypto analytics firm Glassnode, 41.5% of XRP supply is currently held at a loss. This represents approximately 26.5 billion XRP tokens. The metric has reached its lowest level since November 2024, when XRP was trading around $0.53.
Glassnode described the current market structure as “top-heavy” and “structurally fragile.” The firm noted that many holders likely purchased XRP at higher prices during the rally earlier this year.
The share of XRP supply in profit has fallen to 58.5%, the lowest since Nov 2024, when price was $0.53.
Today, despite trading ~4× higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss — a clear sign of a top-heavy and structurally fragile market dominated by late buyers.
… https://t.co/CBXPzDalxV pic.twitter.com/UpLNKV7LqD
— glassnode (@glassnode) November 17, 2025
IG Australia market analyst Tony Sycamore told Cointelegraph that the recent decline has caught many investors off guard. He explained that data suggests numerous XRP holders bought tokens when prices were above $3.00 in January and through early October.
The sell-off from the July high of $3.66 has affected both long-term holders and newer investors. Sycamore noted that some buyers entered positions near the highs due to fear of missing out.
Technical Analysis Points to Key Support Level
The widespread unrealized losses are weighing on market sentiment. Sycamore warned that stop-losses and forced sales could add to selling pressure if the downward trend continues.
He stated that recovery would require XRP to move decisively back above $2.70. Without this rebound, further downside remains possible.
Crypto analyst Ali Martinez identified $2.15 as a critical support level. He suggested that if XRP holds above this price, a rebound to between $2.40 and $2.70 could follow. This would represent a 25% increase from current levels.
Martinez’s analysis implies XRP has formed a triple-bottom pattern. This technical formation typically signals potential bullish momentum if the price breaks above the pattern’s neckline at $2.68.
$2.15 is the line in the sand for $XRP.
Hold it, and a move to $2.40–$2.70 becomes likely. pic.twitter.com/u3FTOlNE1F
— Ali (@ali_charts) November 17, 2025
However, technical risks remain present. The coin has formed a series of lower lows and lower highs since July. This pattern indicates XRP has faced resistance during attempted rebounds.
New ETF Launches Expected This Week
Four additional XRP ETFs are scheduled to launch in the coming days. Franklin Templeton plans to debut its XRP ETF on Tuesday. Bitwise, 21Shares and CoinShares will follow with their own offerings later in the week.
These launches come after Canary Capital’s XRP ETF began trading last Thursday. The Canary fund recorded the most successful first-day performance for US ETFs in 2025. The XRPC ETF has accumulated over $250 million in assets.
Franklin Templeton manages more than $1.6 trillion in assets. This makes the firm larger than Canary Capital. Analysts expect Franklin’s fund may attract greater inflows due to the company’s established presence in the market.
JPMorgan analysts project that XRP ETFs could attract over $8 billion in combined assets during their first year of trading. The death cross pattern formed on November 6 when the 50-day and 200-day Exponential Moving Averages crossed. XRP has remained below the Supertrend indicator.
The post XRP Price: Triple Bottom Pattern Forms as Four ETFs Enter Market appeared first on CoinCentral.
Filed under: News - @ November 18, 2025 8:29 am