The post XRP price eyes breakout ahead Bitwise ETF launches appeared on BitcoinEthereumNews.com.

XRP price is tightening inside a breakout pattern as traders watch for the impact of today’s Bitwise XRP ETF launch. Summary XRP trades near $2.13 as price compresses inside a tightening triangle pattern. Bitwise’s XRP ETF set to launch on the NYSE with fee waivers and rising institutional interest. Technical signals show mixed momentum, but a breakout becomes more likely as volatility builds. XRP traded at $2.13 at press time, slipping 1.1% over the past 24 hours as the crypto market saw mixed sentiment. The asset remains under pressure, down 14% in the last week and 12% over the last 30 days, while still sitting 41% below its July 18 all-time high of $3.65. Even with the weakness in price, activity is rising. XRP (XRP) recorded $5.57 billion in 24-hour spot volume, a 20% increase that suggests traders are returning to the market ahead of a key catalyst. CoinGlass data shows derivatives volume up 26% to $8.32 billion, while open interest dipped 1.26% to $3.71 billion. Higher derivatives volume with declining open interest often shows traders closing old positions and preparing for short-term volatility. Bitwise XRP ETF prepares to go live The long-awaited Bitwise XRP ETF will officially launch today, Nov. 20, on the New York Stock Exchange under the ticker XRP. The spot ETF provides direct exposure to XRP without requiring investors to hold the token, opening the door for traditional institutions, wealth managers, and pension funds that were previously limited by regulatory hurdles. Bitwise first filed earlier this year, with an expected October debut pushed back by the U.S. government shutdown. The issuer updated its S-1 on Oct. 31, triggering the Securities and Exchange Commission’s 20-day automatic effectiveness window. The fund carries a 0.34% annual fee, but it is waived for the first month on the first $500…

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Filed under: News - @ November 20, 2025 8:25 am