XRP Sees Massive 2,668% Volume Spike on Major Exchange
Analysis
Price Impact
HighThe massive spike in futures volume and the imminent launch of multiple u.s. spot xrp etfs by major financial institutions like grayscale, franklin templeton, and 21shares are significant developments. these etfs provide new avenues for institutional and retail investment, potentially increasing demand and liquidity for xrp.
Trustworthiness
HighData is sourced from reputable platforms like coinglass and glassnode, and insights are provided by bloomberg intelligence analysts and the ceo of bitwise, a major asset manager. these sources are highly credible within the crypto and financial industries.
Price Direction
BullishDespite a recent price drop and signs of capitulation, which can precede a market bottom, the upcoming launch and strong performance of u.s. spot xrp etfs are fundamentally bullish. increased accessibility and institutional interest are likely to drive long-term price appreciation once initial volatility subsides.
Time Effect
LongWhile initial trading volume spikes might see short-term effects, the introduction of regulated investment products like etfs typically has a sustained, long-term impact on a cryptocurrency's price discovery, market acceptance, and overall adoption by a broader investor base.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bitwise XRP ETF sets historic volume milestone in U.S. XRP price bottom? Advertisement XRP saw increased futures activity on Bitmex crypto exchange in a 24-hour period, rising 2,668.58% to reach $100.57 million, according to CoinGlass data. The increase in volumes coincides with a slight uptick in XRP's open interest, which suggests traders actively placing their bets ahead of potential developments in the market. XRP spot ETFs are expected to launch in the U.S. in the days ahead; according to Bloomberg Intelligence analyst James Seyffart, the upcoming week is set to be an eventful one as the Grayscale and Franklin Templeton U.S. XRP ETFs are expected to launch on Nov. 24. The 21Shares XRP ETF is also anticipated soon. HOT Stories Crypto Market Prediction: Worst Bitcoin (BTC) Candle in History? Will XRP Reach $1 Hard Reset? Ethereum Hiding Enormous Bullish Potential 'Rich Dad Poor Dad' Author Sells His BTC Holdings After Predicting $250K per Coin Bitcoin on the Verge of 30% Collapse Against Gold, Shiba Inu (SHIB) Burn Rate Jumps 23,864%, XRP Price Drops Below $2 Despite ETF Launch — Crypto News Digest Hayes: Bitcoin Bottom Is Near, But There's a Catch Bitwise XRP ETF sets historic volume milestone in U.S. This week, XRP scored another pure play 33 Act ETF in the U.S. The Bitwise XRP ETF with ticker $XRP began trading on the NYSE on Thursday, marking an impressive debut. The Bitwise XRP ETF $XRP reported $25.7 million in trading volume with $107.6 million in inflows. Advertisement The Bitwise XRP ETF ( $XRP ) — Now the highest volume XRP ETF in the US. Grateful for investors for entrusting Bitwise for exposure to the space. https://t.co/2dpsEo7PAw — Hunter Horsley (@HHorsley) November 21, 2025 The Bitwise XRP ETF ended the week with volume of 1,000,324; this, according to Bitwise CEO Hunter Horsley, solidifies it as the XRP ETF with the current highest volume in the U.S. Horsley wrote: "The Bitwise XRP ETF ($XRP) Now the highest volume XRP ETF in the US. Grateful for investors for entrusting Bitwise for exposure to the space." XRP price bottom? XRP fell below $2 for the first time since Oct. 10's flash crash, dropping to a low of $1.81 on Friday. According to Glassnode, with XRP's price dropping near $2, the 30D-EMA of daily realized losses has increased to $75 million per day, which is the highest level since April 2025. As the market awaits what comes next, the current setup suggests capitulation, indicative of a price bottom forming soon. At the time of writing, XRP was up 2.51% in the last 24 hours to $1.90 and down 16% weekly. #XRP News #XRP