XRP Stabilizes at $2.10 on ETF Inflows, Supply Drop

XRP, the cryptocurrency associated with Ripple's payment network, has stabilized around $2.10 after a volatile November, buoyed by robust inflows into newly launched exchange-traded funds and a sharp decline in available supply on trading platforms. The token, which dipped below $2 earlier this month before rebounding nearly 21 percent, reflects growing institutional interest amid broader market uncertainty in late 2025.

Trading data shows XRP fluctuating within a narrow range of $2.00 to $2.25 over the past week, with a current price of approximately $2.18 and a market capitalization exceeding $130 billion. The cryptocurrency ranks as the fourth-largest by market cap, with over 60 billion tokens in circulation. This consolidation follows a 7 percent plunge to $2.05 on Tuesday, triggered by intensified selling pressure that overwhelmed short-term support levels around $2.16. Volume spiked to more than $2 billion in the 24-hour period, indicating heavy institutional activity as derivatives unwound and risk assets softened globally.

A key driver of the recent resilience has been the surge in demand for spot XRP ETFs. Since the first such fund, Canary Capital's XRPC, began trading...