Will XRP Price Rally to $3 After Bitwise Launches First XRP ETF on NYSE?

XRP price remains above the $2.10 mark despite recent market downturns. The cryptocurrency has faced a slight decline over the past week, struggling to regain momentum. However, the launch of the Bitwise Spot XRP ETF to the New York Stock Exchange today has brought out some optimism. 

The 33% increase in the 24-hour trading volume suggests to some market analysts that the introduction of  XRP ETF may lead to a possible rally, which takes XRP to $3 level, should the bullish mood continue.

Bitwise Launches Spot XRP ETF on NYSE Arca

Bitwise has officially opened its long-awaited spot XRP exchange-traded fund (ETF) and will be traded today, Thursday, on the New York Stock Exchange Arca. The ETF will be traded with the ticker symbol of XRP, which will be a milestone in the cryptocurrency market.

Bitwise has termed the launch as a historic event. It will enable investors to access regulated access to spot XRP without self-custody. The company wants to familiarize more traditional investors with XRP.

The product has a management fee of 0.34%. This fee will be exempted in the first month. The starting asset is $500 million. This setup mirrors the Bitcoin and Ethereum spot ETFs of the firm. The firm also registered the trust in Delaware.
They were both registered with the U.S. Securities and Exchange Commission (SEC).

Big news: The Bitwise XRP ETF is set to begin trading on NYSE tomorrow with the ticker $XRP.

It has a management fee of 0.34%, which is waived for the first month on the first $500M in assets. This product brings investors spot exposure to XRP, the crypto asset that aims to… pic.twitter.com/0GLR37NnuI

— Bitwise (@BitwiseInvest) November 19, 2025

XRP ETF Sparks Discussions on Ticker Confusion

The selection of the ETF ticker by the name XRP has been an area of concern. Other analysts fear that it can be confusing. The cryptocurrency and the ETF are both known as XRP. Such overlap may confuse the traders by confusing one with the other when looking at the price charts.

This confusion can necessitate a review by the participants of the market to confirm that they are looking at data of a token or an ETF.

Whales Dump 190 Million XRP Tokens

In the past 48 hours, Whales have sold 190 million tokens of XRP in a colossal sell-off. This flurry of selling activity has been accompanied by an acutely falling price of XRP according to the data of Santiment.

The chart shows that there is a strong downward movement, which is a significant factor that affects the market performance of the cryptocurrency due to the whales’ movements. These changes are closely monitored by investors, who are expecting more volatility to occur in the near future.

190 million $XRP sold by whales in the last 48 hours! pic.twitter.com/nB0P7jADCx

— Ali (@ali_charts) November 20, 2025

Is XRP Price Ready for a Bullish Reversal After Recent Downtrend?

The XRP price plunged at $2.11 as of November 20, 2025, marking a slight increase of 0.03%. 

The RSI is 35, which is slightly lower than the neutral 50, with a bearish bias that is mild.

The MACD displays a bearish crossover as the MACD line lies below the signal line, indicating the short-run downtrend. This sentiment of selling has been largely negative, as the histogram has confirmed.

However, if XRP fails to maintain the support at $2.00, further downside risks could bring the price closer to $1.80 or lower.