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#Ripple 📊$XRP -5% per day: bears defend $2.30 with reinforced concrete
After a short breakout to $2.30, the market threw the price down hard. $28 million was liquidated in 24 hours, of which $25 million were longs. The volume on the pullback increased by 342% - a classic reversal.
Now the key zone is $2.20 ✅ Hold - a new run to $2.30-$2.40 ❌ If we fall below $2.18 - we will quickly fly to $2.02-$1.98
Canary Capital's ETF (XRPC) started with $58.6 million in volume - not bad, but so far it has not given a sustainable spot momentum. Institutions are clearly waiting.
So far, the picture is this: a short-term rebound within a larger decline. Without a new influx of buyers, $2.30 will remain unattainable.
Grayscale Investments officially filed a Form S-1 with the SEC on November 13, 2025 to convert Dogecoin Trust into a spot ETF. The trust, launched in 2024, already holds real $DOGE tokens. Coinbase will act as a broker and custodian — security at the same level! A listing on Nasdaq is planned.
Timeline: Bloomberg ETF analyst Eric Balčunas predicts a launch as early as November 24, if the SEC does not delay (standard 20 days for review). The amendment was filed on November 3, no comments from the regulator yet. This will be the first ETF for a meme coin — after BTC and ETH in 2025!