XRP has dropped below $2.10 after a 4.6% decline in the past 24 hours, landing it as the worst performer among the top 10 cryptocurrencies by market capitalization. Currently, the token is sitting at 42% down from its all-time high in July 2025.
Concerns are palpable as the intelligence platform Santiment reports a sharp decline in social sentiment towards XRP. The latest data indicates that XRP has entered the “fear zone,” its lowest sentiment level since October. This heightened sense of uncertainty is reminiscent of similar fluctuations in sentiment observed earlier this month.
The last notable dip in sentiment occurred on November 21, which preceded an impressive 22% price rally over the subsequent three days. This historical context raises questions about the potential for a similar rebound, even in light of current market fears.
Market Insights and Potential Opportunities
Justin d’Anethan, the head of research at Arctic Digital, notes that traders find XRP’s pricing near $2 to be a low-conviction zone, suggesting a near-capitulation scenario. He expressed optimism that such conditions often signal price bottoms, especially in conjunction with legal victories, regulatory clarity, and enhanced cross-border payment use cases.
Moreover, Nick Ruck, director at LVRG Research, highlights that XRP has firmly maintained its position above the crucial $2 threshold. His analysis points to substantial institutional inflows into XRP spot ETFs exceeding $750 million within the current month as a significant buffer supporting bullish market momentum.
ETF Trends: Slow Yet Steady Growth
Recent trends show a decrease in net inflows to spot XRP exchange-traded funds (ETFs) this week, with Thursday’s inflows reaching just $12.8 million—the lowest since November 21. Nonetheless, the five XRP ETF products have consistently attracted positive flows since their launch in mid-November, accumulating a total net asset value of $881 million. These ETFs are nearing the $1 billion milestone in assets under management in under a month since their inception.
Among the notable players, Canary Capital’s XRP ETF, which launched on November 13, showcased strong performance with over $59 million in first-day trading volume and total net inflows of $245 million. Bitwise also recorded successful early inflows exceeding $105 million for its ETF following its launch.
In a demonstration of growing market appetite, firms such as Grayscale and Franklin Templeton have rolled out their XRP products, while REX Shares and Tuttle Capital have introduced the T-REX 2X Long XRP Daily Target ETF, providing traders with 200% leveraged exposure to XRP’s daily performance.
Vanguard’s recent policy change, allowing trading of spot crypto ETFs—including those focused on XRP—further indicates a burgeoning demand among clients for such financial products. Additionally, 21Shares secured SEC approval for its U.S. spot XRP fund, set to trade under the ticker TOXR on the Cboe BZX Exchange. In contrast, CoinShares opted to withdraw its proposals for three crypto ETFs, including a spot XRP fund, indicating the regulatory challenges still inherent in this evolving market.
As XRP navigates through social sentiment fluctuations and price volatility, the resilience of institutional interest underscores a layered complexity within the crypto landscape, positioning XRP in a unique intersection of retail sentiment and institutional finance.
