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XRP price dips below $2 amid whale sell-offs and ETF volatility: key support at $1.90

  • Whale sell-offs and market turmoil push XRP price below key support.
  • Bitwise’s XRP ETF debut adds volatility, not buying momentum.
  • $1.90 support is crucial for near-term XRP stability.

XRP price has experienced a sharp downturn, slipping below the $2 mark amid a series of whale sell-offs and volatile spot XRP ETF launches.

XRP faces mounting pressure from both institutional flows and broader crypto market turbulence, and the recent activity has raised questions about its ability to hold the critical support at $1.90.

Whales offloading massive amounts of XRP

The XRP market has been heavily influenced by large holders offloading substantial amounts of XRP.

Over the past 48 hours, blockchain data shows whales moving nearly 200 million XRP, generating strong selling pressure that has outweighed buying interest.

Notably, this surge in liquid supply coincided with a broader market-wide flash crash, where Bitcoin fell to a seven-month low of around $82,000, triggering over $1.9 billion in liquidations across crypto markets.

In addition, XRP’s high correlation with Bitcoin has amplified losses, contributing to the token underperforming the broader market.

XRP ETFs bring volatility but fail to spur price momentum

Spot XRP ETFs, intended to boost institutional participation, have produced mixed results so far.

Bitwise’s XRP ETF, which is the latest XRP to go live, debuted with around $25 million in turnover.

While Canary Capital’s XRPC ETF continues to attract attention with $268 million in assets under management, the muted response to Bitwise’s XRP ETF has added short-term volatility rather than market optimism.

The market has most likely interpreted these launches as classic “sell-the-news” events, creating downward pressure on XRP price even as interest in institutional products grows.

XRP price technicals suggest a bearish trend

Technical indicators highlight a challenging environment for XRP.

After breaking below the psychological $2 level, the token is now retesting the critical $1.90 support, which analysts have identified as a major accumulation zone.

In addition, the token has broken below a multi-month descending triangle pattern and a death cross where the 50-day EMA sits below the 200-day EMA, signalling ongoing bearish momentum.

XRP price analysis
XRP price chart | Source: TradingView

The RSI currently sits in oversold territory around 30, reflecting extreme market fear but showing no clear signs of reversal.

If the support at $1.90 fails to hold, XRP could face further downside toward $1.80 or even the $1.55 range, marking a significant drop from recent highs.

Staking and regulatory context remain long-term catalysts

Beyond immediate price movements, Ripple is exploring staking solutions on the XRP Ledger to strengthen its presence in decentralised finance (DeFi) and appeal to institutional participants.

While implementation is still distant due to technical complexity, staking could enhance network security and provide long-term incentives for token holders.

Additionally, ongoing regulatory developments, including potential changes to Basel crypto capital rules, may influence institutional adoption.

Adjustments that reduce excessive capital requirements for banks could make XRP a more attractive option for mainstream financial participation, indirectly supporting price stability.

The post XRP price dips below $2 amid whale sell-offs and ETF volatility: key support at $1.90 appeared first on CoinJournal.

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Solana price forecast as SOL dives double digits to $125

  • Solana dropped to lows of $125 amid a sharp sell-off across cryptocurrencies.
  • The drop in SOL price sees bulls risk reaching to $100 mark.
  • Solana spot ETFs continue to notch inflows.

Solana has come under sharp pressure over the past week, sliding to about $125 after an 11% decline in the past 24 hours.

The sell-off reflects broad weakness across digital assets as Bitcoin’s retreat, driven by global risk-off sentiment, filtered through to the altcoin market.

By early Friday, Nov. 21, CoinMarketCap data showed no top-100 cryptocurrency trading in positive territory, underscoring the depth of the correction and the absence of near-term risk appetite.

Injective, Dash and NEAR were among biggest losers, while Ethereum, XRP and Solana all hovered in the double-digit loss bracket.

Ethereum slumped below $2,700 and XRP to under $1.9

Solana Altcoins In Red
Crypto market heatmap by Coin360

Here’s why Solana price is dumping

Solana’s sharp slide toward the $125 area reflects a broader market pullback driven by a mix of macroeconomic headwinds and a clear technical breakdown.

One of the big triggers is renewed uncertainty surrounding US Federal Reserve interest rate decisions.

Bitcoin, the bellwether of the crypto sector, dipped to lows of $82,000. It dragged altcoins like Solana into the bloodbath.

According to market data, SOL’s 24-hour trading volume surged by 42% to over $9.63 billion.

Alongside the price slide, the jump in trading volume pointed to panic selling as markets reacted to developments ahead of the upcoming FOMC meeting.

Expectations for a December rate cut have fallen sharply to 31%.

The shift follows an announcement from the US Bureau of Labor Statistics that no October jobs report will be released, while the November report will arrive only after the FOMC decision, leaving policymakers and investors without two key labor readings at a critical moment.

According to Lark Davis, the move means Fed chair Jerome Powell “will be flying blind into the FOMC meeting.”

This has the market jittery as investors bet the Fed will look to play it safe by leaving rates unchanged.

SOL ETFs see inflows despite price dip

Despite price declines, Solana spot ETFs continue to see inflows. Data shows the market kept the streak going even as SOL dumped.

On Nov. 20, as Bitcoin spot ETFs saw over $903 million in outflows and Ethereum spot ETFs notched over $260 million in redemptions, Solana remained positive.

According to SoSoValue data, investors poured a fresh $23.6 million in inflows into SOL ETFs, bringing net inflows to over $499 million.

The big question is whether confidence in Solana via ETF products could translate into a boost for bulls.

If prices fall further, the main support area could be around the psychological $100 mark.

The post Solana price forecast as SOL dives double digits to $125 appeared first on CoinJournal.

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Ethereum sinks below $2,700 as crypto slump intensifies

  • Ethereum price dropped 10% to near $2,600 as cryptocurrencies plummeted.
  • The altcoin’s dip came amid over $400 million in 24-hour ETH liquidations.
  • Despite price declines, Bitmine is using the dip to buy more ETH.

The cryptocurrency market is facing its bleakest downturn since October, with the price of Ethereum (ETH) plummeting below $2,700 as sell-off intensifies.

On November 21, 2025, investor concerns regarding the broader market correction pushed Bitcoin to new multi-month lows, and ETH to lows last seen in July.

Amid the volatility, liquidation pressures mounted, and analysts were pointing to a potential bearish flip across major digital assets.

Now analysts say Bitcoin could dip to $80,000 next.

Ethereum price tanks below $2,700

Ethereum’s price fell sharply on Friday, Nov 21, with bears extending 24-hour losses to over 10%. The top altcoin dropped from highs of $3,039 to lows of $2,660.

Losses mounted as the global risk asset market witnessed fresh jitters.

Ethereum’s dip occurred amid a notable $400 million worth of leveraged ETH positions being liquidated.

Facing wipeout were predominantly long positions, with about $374 million of these rekt in the period.

Global liquidation stood at nearly $2 billion, with Bitcoin (BTC) leading as over $940 million in bets drained off.

The downturn also showed in the ongoing outflows from cryptocurrency investment products, where both spot Bitcoin and Ethereum ETFs have recorded consecutive net outflows.

On Nov. 20, Bitcoin spot ETFs lost $903 million, while Ethereum spot ETF outflows hit $262 million.

Notably, as BTC and ETH shed capital, Solana spot ETFs saw over $23.6 million in net inflows.

Losing the $2,800 support level and dropping to lows near $2,600 means further weakness is likely should bulls fail to initiate a swift bounce.

Crypto analyst Ted suggests the next level to watch could be $2,500.

BitMine buys the ETH dip

As stocks reacted lower on Thursday, Bitcoin gave up its support near $92,000.

On Friday morning, BTC fell to lows of $82,002 across major exchanges.

The BTC slump coincides with a challenging global economic landscape, which analysts say could accelerate bears’ dominance.

Notably, the markets are reacting to sentiment around US interest rate cuts and Japan’s stimulus package.

Ethereum’s price dip reflects overall waning investor confidence. But as prices dropped, Bitmine, the largest ETH treasury company, has added to its balance sheet.

The Nasdaq-listed company said it purchased an additional 17,242 ETH worth $44.46 million on November 20.

More ETH brings BitMine’s total holdings to approximately 3.62 million ETH.

The continued buying by Bitmine, despite price declines, highlights a divergence between market sentiment and institutional strategy.

Bitmine’s move adds to the vote of confidence in Ethereum’s long-term potential.

However, crypto insights firm 10x Research said that BitMine Immersion Technologies is sitting on multi-billion-dollar paper losses following the recent market correction that has pushed ETH to multi-month lows.

According to the report, “Bitmine is now down more than $1,000 per ETH, implying about $3.7 billion in unrealized losses before even accounting for the hefty NAV premium public-market investors paid on top.”

10x Research added that treasury companies are likely to face difficulties attracting new retail investors in the current environment, as existing shareholders are already sitting on billions of dollars in losses.

The post Ethereum sinks below $2,700 as crypto slump intensifies appeared first on CoinJournal.

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Tensor (TNSR), the Solana NFT marketplace token, soars 152%: here’s why

  • Tensor (TNSR) surges after major whale accumulation signalled strong buyer confidence.
  • Technical breakout and soaring open interest amplify the bullish momentum.
  • Tensor’s market speculation drives gains despite weak Solana NFT activity.

Tensor (TNSR), the governance token powering the fast-growing Solana NFT marketplace, has stunned traders after soaring more than 152% from $0.1201 to an intraday high of $0.3027.

The rally pushed TNSR to its highest level since mid-September and flipped weeks of bearish sentiment on its head, igniting renewed interest in Solana’s broader NFT ecosystem.

While the price jump has excited traders, the forces behind this surge reveal a story driven as much by speculation and technical momentum as by fundamentals.

Whale moves sparked the sudden surge

The first spark came from clear whale accumulation. A newly created wallet purchased more than $3.7 million worth of Tensor (TNSR) at roughly $0.08 per token, sweeping up over 16.5 million TNSR in a short period.

The aggressive buying triggered immediate attention, especially because the Solana NFT marketplace operates in a relatively low-liquidity environment.

With few large buyers active, a move of this size carried enough weight to tilt market sentiment almost instantly.

The wallet’s rapid accumulation acted like a signal to retail traders, and many interpreted it as a vote of confidence, even though TNSR had no major product releases or partnership updates during the period.

That lack of fundamental catalysts suggests the market was primed for a reaction.

In an ecosystem where daily NFT trading volume sits around $20,000, a concentrated buy of several million dollars can reshape the order books in minutes.

Multi-month descending channel breakout

As the whale activity set the stage, TNSR’s price broke through a multi-month descending channel, a pattern many analysts had been tracking.

The breakout aligned with rising enthusiasm across Solana, adding further fuel to the move.

Momentum indicators lit up quickly. The Relative Strength Index (RSI)shot above 90 before pulling back slightly to 86.94 at press time, showing intense buying pressure that rarely sustains for long without some form of pullback.

Tensor price analysis
Tensor price chart | Source: CoinMarketCap

The Awesome Oscillator also turned decisively green, signalling that bullish conviction was heating up as TNSR pushed through resistance levels.

At the same time, open interest in TNSR derivatives exploded nearly tenfold, jumping close to 960%.

Traders were not just buying spot tokens; they were leveraging up and betting on continued upside.

Rising open interest during a price rally often supports the trend, and it did so again here, helping TNSR hold above the key $0.17 threshold after experiencing the sharp pullback after rising above $0.30.

Speculation outruns Solana’s NFT reality

The rally stood in sharp contrast to broader signals from the Solana NFT landscape.

Activity across the Solana NFT ecosystem remains muted, with active addresses near yearly lows and marketplace fees trending downward.

Tensor, despite being a major force in Solana’s NFT sector, has not seen a major surge in platform usage to match the token’s price spike.

This disconnect suggests that Tensor’s price rally was largely speculative rather than reflective of sudden organic growth.

Nevertheless, Tensor’s position in the Solana NFT marketplace cannot be ignored.

Since launching in 2022, the platform has built a reputation as a professional-grade trading hub, offering analytics, bulk trading, AMM pools, creator tools, and even social trading through Vector.fun.

That foundation provides a narrative backdrop that traders often lean on during volatile swings like this one.

Tensor price outlook

In the end, Tensor (TNSR)’s sudden surge reflects a perfect storm of whale accumulation, a timely technical breakout, and heightened trader speculation.

Whether it can sustain this momentum will depend on how long buyers remain confident, and whether the Solana NFT marketplace begins to show signs of genuine revival rather than short-term excitement.

With TNSR now holding above the crucial Fibonacci 0.382 level, the path toward $0.35 could be possible if momentum continues.

Technical indicators such as the DMI, BBP, and ADX show buyers still holding control, though all remain in high-risk territory.

However, if volatility picks up and profit-taking accelerates, TNSR could revisit support near $0.078, a level that previously acted as a springboard for the current rally.

The post Tensor (TNSR), the Solana NFT marketplace token, soars 152%: here’s why appeared first on CoinJournal.

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Japan stimulus shakes global markets as yen sinks and crypto demand rises

  • Japan’s 40-year bond yield rose to 3.774% on Thursday.
  • Five-year CDS spreads reached 21.73 basis points on 20 November.
  • GDP contracted in Q3 2025 and inflation reached 3% in October.

Japan’s new stimulus package is setting off sharp reactions across global markets, with the yen sliding to its weakest point against the US dollar since January 2025 and long-term bond yields rising to record levels.

The cabinet approved a 21.3 trillion yen package on Friday, the largest since the COVID-19 period, and the announcement immediately shifted expectations in currency, bond, and crypto markets.

The scale of the support and the pressure on Japan’s finances are now pushing investors to reconsider how they assess global risk, particularly as liquidity conditions evolve.

Economic reset

The package focuses on easing price pressures, supporting growth, and strengthening defence and diplomatic capacity.

Local government grants and energy subsidies form a key part of the plan, and households are expected to receive around 7,000 yen in benefits over three months.

The government also aims to lift defence spending to 2% of GDP by 2027.

The supplementary budget is expected to pass before the end of the year, although the ruling coalition currently holds only 231 of 465 Lower House seats.

The support comes during a period of weakening growth.

Japan’s GDP fell 0.4% in the third quarter of 2025, equal to a 1.8% annualised contraction.

Inflation has remained above the Bank of Japan’s 2% target for 43 months and reached 3% in October 2025.

Policymakers expect the new measures to lift real GDP by 24 trillion yen and generate a total economic impact near 265 billion dollars.

Rising market pressure

The fiscal boost has intensified concerns about long-term debt sustainability and market stress.

Five-year credit default swaps on Japanese government bonds reached 21.73 basis points on 20 November, the highest level in six months.

The country’s 40-year bond yield rose to 3.697% immediately after the announcement and climbed further to 3.774% on Thursday.

Every 100-basis-point increase in yields raises annual government financing costs by about 2.8 trillion yen, which has drawn attention to the strain on public finances over time.

Nikkei reports lingering caution about the continued use of fiscal stimulus beyond emergencies, adding another layer to investor concerns.

This debate has become more relevant as the yield curve shifts and Japan’s borrowing costs rise.

These movements are also important for the 20 trillion dollar yen-carry trade. Investors typically borrow yen at low rates and invest in higher-yielding markets overseas.

A mix of higher yields and sudden currency moves can force unwinding.

Historical data show a 0.55 correlation between yen-carry trade reversals and S&P 500 declines, which adds another source of volatility.

Yen reaction

The yen dropped sharply after the stimulus announcement, prompting speculation about future currency stability and the potential for intervention.

October exports rose 3.6% year on year, but the increase was not enough to ease concerns about broader economic pressure.

The scale of fiscal support and the persistence of inflation have become central factors in how global markets interpret Japan’s next steps.

Crypto shift

These conditions are feeding directly into crypto markets.

A weaker yen tends to drive Japanese investors toward alternative assets, including Bitcoin, especially during periods of rising liquidity.

Experts have noted that Japan’s decision adds to a global environment that already includes potential US Federal Reserve easing, Treasury cash movements, and continued liquidity support from China.

Together, these factors are creating conditions that could lift crypto demand into 2026.

At the same time, higher long-term yields pose a risk.

If yen-carry trades unwind quickly, institutions may be forced to sell assets, including Bitcoin, to meet liquidity needs.

The post Japan stimulus shakes global markets as yen sinks and crypto demand rises appeared first on CoinJournal.