\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tIs it another ‘sell-the-news’ type of day?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Another month has started on a similar note as the previous, with the cryptocurrency market bleeding heavily, and nearly $200 billion leaving the space in less than 12 hours.<\/p>\n
There seems to be no actual catalysts behind the latest crash, aside from over-leveraged market participants. Nevertheless, some altcoins have been hit worse than others, such as Ripple\u2019s XRP.<\/p>\n
While ETH is down by less than 6% daily and BNB has slipped by 5%, XRP has dropped by 7% and dipped to $2 earlier today on most exchanges. As a result, the cross-border token has dipped to a major buy wall serving as a support that managed to hold its free falls in the past.<\/p>\n
\nThe buy wall for $XRP<\/a> exist since $2 pic.twitter.com\/wSe6hOFF8e<\/a><\/p>\n
\u2014 CW (@CW8900) December 1, 2025<\/a><\/p>\n<\/blockquote>\n
Interestingly, today\u2019s price decline follows similar movements when spot XRP ETFs were supposed to launch. Recall that the underlying asset plunged after the first such product, released<\/a> by Canary Capital, hit the US markets in mid-November despite its record-breaking debut day.<\/p>\n
Bitwise\u2019s XRP was also impressive on day one, but the token plunged once again, albeit in line with the rest of the cryptocurrency market.<\/p>\n
Consequently, many speculate whether today\u2019s expected launch of 21Shares\u2019 spot XRP ETF, which will track the CME CF XRP-Dollar Reference Rate, is another classic sell-the-news event.<\/p>\n
You may also like:<\/h3>\n
\nThey have to try and ruin every XRP ETF launch day \ud83e\udd23\ud83e\udd23 pic.twitter.com\/1QGcpe2Mcw<\/a><\/p>\n
\u2014 Cobb (@Cobb_XRPL) December 1, 2025<\/a><\/p>\n<\/blockquote>\n
The four XRP ETFs already live for trading have attracted over $660 million in total net inflows since the first one launched a few weeks ago. XRPC remains the biggest of the bunch, with more than $340 million in cumulative netflows, followed by Bitwise\u2019s XRP, Franklin\u2019s XRPZ, and Grayscale\u2019s GXRP.<\/p>\n
The drop to $2.04 as of press time means XRP trades further in the red on the YTD scale, having entered 2025 at $2.32. This sort of performance is in stark contrast to the year the company behind the token had, which is arguably its best ever<\/a>.<\/p>\n
\nSPECIAL OFFER (Exclusive)<\/span><\/center>
\nSECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link<\/a> to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).<\/b><\/div>\n<\/div>\n<\/p><\/div>\n