GET DAILY SIGNALSBitwise XRP ETF (XRP) Records -23% Drop Over the Past 30 Days
Key Takeaways
- The Bitwise XRP ETF fell roughly 23% over the past 30 days, declining from about $14.77 to approximately $11.34 per share.
- The drawdown follows a powerful third quarter, when the fund generated a 42.5% net asset value (NAV) total return.
- Because the fund holds essentially 100% physical XRP, its performance mirrors the XRP spot price with no sector or security diversification.
- Fund flows turned negative in early November, with a $9.4 million net outflow on a single day alongside broad spot XRP ETF redemptions.
- Over the trailing three months the fund is nearly flat, having rallied to a peak near $17.75 in late September before surrendering the advance.
- The primary drivers of the recent decline are profit-taking after the third-quarter rally, the reversal in the XRP spot price, and a shift toward ETF outflows.
- For additional detail on this fund, explore its Price Targets and Forecast pages.
- Discover actionable, data-driven ideas with Trending AI Robots.
Overview of the Bitwise XRP ETF (XRP) and Its Holdings
The Bitwise XRP ETF operates as a passively managed spot exchange-traded fund designed to track the price of XRP on the XRP Ledger. It maintains physical XRP in custody rather than a mix of equities or other assets, with daily NAV calculated against a reference rate for the token. Launched on NYSE Arca in November 2025, the fund carries a 0.34% sponsor fee, relies on Coinbase Custody Trust Company for safekeeping, and is administered by BNY Mellon. I checked comparable single-asset products using Tickeron’s AI Screener to understand how this structure stacks up against peers.
Essentially all assets consist of XRP, with only a small cash position supporting creations and redemptions. As of September 30, 2026, the trust held about 413 million XRP tokens and roughly $615 million in net assets; by early November those net assets had fallen to around $445 million. With no underlying stocks or sector allocations, the ETF’s results track the XRP spot price and net capital flows directly.
Recent Price Performance: 30-Day Move Versus Trailing Quarter
Over the past 30 days the fund declined about 23%, moving from roughly $14.77 per share down to approximately $11.34. The slide unfolded gradually rather than in one sharp session, reflecting ongoing selling pressure. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Looking back three months, the picture forms a round trip. The ETF started near $11.30, reached a closing high of about $17.75 in late September, and has since given back nearly all of that gain to trade around $11.34. The trailing three-month return sits close to flat despite the 42.5% NAV total return posted in the third quarter alone.
Factors Behind the Latest 30-Day Decline
The drop largely reflects profit-taking after the strong third-quarter advance rather than any shift in the fund’s design. With 100% exposure to XRP, the single-asset focus translated the spot-price reversal straight into share performance. On November 9 the Bitwise XRP ETF saw a $9.4 million net outflow, which accounted for most of the $10.42 million in redemptions across U.S. spot XRP ETFs. While modest compared with cumulative inflows of roughly $672 million, the change signals cooling demand after earlier net creations.
Drivers of Third-Quarter Strength and the Subsequent Reversal
The third-quarter rally rested on clearer regulatory signals for digital assets through 2025 and 2026, including resolution of prior litigation and new legislation on stablecoins and payment tokens. That environment encouraged spot XRP ETF launches and supported inflows. During the quarter, creations added about $206 million in XRP while redemptions totaled roughly $28 million, and the trust recorded a $160.96 million unrealized gain. Net assets rose from about $299 million at the end of June to $615 million by September 30. The October-November reversal has largely erased those share-price gains, leaving the three-month result near zero.
Key Themes to Monitor Going Forward
ETF flow patterns will remain important, as sustained outflows could add pressure in a single-asset vehicle. The XRP spot price and broader digital-asset sentiment will continue to dominate performance. Regulatory developments around market structure and token treatment could affect institutional interest, while adoption of the XRP Ledger for payments and competition from other products may influence demand. From what I see, these factors merit ongoing attention rather than focus on any single price level.
Using Tickeron’s AI Screener in My Process
In my research I frequently rely on Tickeron’s AI Screener to scan for securities that match specific technical, fundamental, and volatility criteria. The platform helps surface names with comparable momentum or risk profiles more efficiently than manual review, which is useful when evaluating concentrated products like this ETF against wider market trends. Explore the AI Screener to refine your own watchlist.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Momentum Indicator for XRP turns negative, indicating new downward trend
XRP saw its Momentum Indicator move below the 0 level on October 29, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 17 similar instances where the indicator turned negative. In 17 of the 17 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
XRP moved below its 50-day moving average on October 22, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for XRP crossed bearishly below the 50-day moving average on October 20, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 2 of 2 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XRP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for XRP entered a downward trend on November 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.82% 3-day Advance, the price is estimated to grow further. Considering data from situations where XRP advanced for three days, in 34 of 39 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
XRP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Industry description
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