Bitwise XRP ETF trading activity saw a major boost on Thursday. Volume climbed close to $22 million with just over three hours left in the U.S. trading session. The surge is notable, especially as the ETF launched only a week after Canary Funds’ XRPC, which is currently the top ETF launch of 2025 by trading volume. Rapid investor interest signals growing appetite for regulated XRP exposure after U.S. altcoin ETF approvals.
Milestone day for the XRP community!
This morning, the Bitwise XRP ETF began trading on NYSE (ticker: $XRP). With today’s launch, investors have a new, convenient way to get spot exposure to XRP, the crypto asset looking to disrupt the $250 trillion market for global payments.… pic.twitter.com/DA295tl6tO
— Bitwise (@BitwiseInvest) November 20, 2025
The Bloomberg terminal shows turnover at 21,745,432 units. This highlights accelerated institutional and retail engagement. Industry analysts note that Bitwise’s rapid momentum could pressure other issuers planning to introduce staking-enabled or physically backed XRP products next quarter.
Market Context and Investor Interest
Bitwise’s early performance appears to reflect broader excitement around tokenized finance and the recent influx of crypto-linked exchange-traded funds. Despite macro volatility, inflows into structured altcoin funds have continued, signaling rising confidence in the sector’s long-term maturity. As a regulated vehicle listed on a major U.S. exchange, the Bitwise XRP ETF provides traditional investors with access without requiring wallet custody, spot trading, or cross-border fund workflows.
Industry observers also point out that trading momentum supports the trend in which Solana, XRP, and Ethereum-linked financial products are attracting institutional allocation as diversification tools beyond Bitcoin and Ethereum. With Canary’s XRPC setting the pace and Bitwise already narrowing the gap, competition among issuers may accelerate.
XRP Price and Technical Analysis
Source: TradingView
XRP price is fluctuating between $1.98 and $2.01, and the recovery is very evident. After the move, XRP has returned above the 20, 50, and 100 EMAs, indicating that buyers are in control and that short-term momentum is rising. Besides that, trade volume has increased, and the growing number of green candles suggests that demand is strengthening as the price approaches the key psychological level at $2.00.
The next major obstacle sits near the 200-EMA around $2.0039, and a solid breakout above this level could open the door for a stronger continuation move. The momentum indicators are getting better as well. The MACD has returned above the signal line, and the histogram shows continuous green bars, indicating increasing bullish energy in the market.
At the moment, the closest support is at $1.9964, a level where buyers have already stepped in to defend the pullback. XRP needs to be above the 20-EMA at $1.9983 for the bullish tone to remain intact. Traders will be willing to place their bets on whether the momentum will be sufficient to keep the price action above the $2.00 level and change it into a stable support level.
