XRP Tests Crucial $2.20 Pivot After $164M ETF Debut Fails to Offset Liquidations

Monitoring data shows that Ethena's newly created address "0xa19" extracted 105.35 million ENAs worth $28.7 million from Coinbase Prime; The address' 0x631 'extracted 20 million ENAs worth 5.45 million US dollars from Bybit. At present, the address "0x631" holds 305.15 million ENAs, with a total value of approximately 88.67 million US dollars. （Onchain Lens）

Traders should watch for ETF inflows and whale distributions to determine if the $2.20 support will hold.

Texas purchased a $5 million BlackRock IBIT spot Bitcoin ETF and allocated an additional $5 million for direct purchase and self custody of Bitcoin. （Cointelegraph）

[He Yi: The Crypto Industry Will Challenge Traditional Institutional Interests] He Yi stated that the world is not a zero-sum game but a constantly evolving positive-sum game. As a highly transformative field, the crypto industry will inevitably challenge the interests of many traditional institutions, which will strive to protect their own interests. She emphasized that historical progress will not stop due to opposing voices, and users have the right to independently choose products and services. The smear campaigns against the crypto industry reflect the opponents' helplessness.

On November 25th, the total net inflow of Bitcoin, Ethereum, Solana, and XRP spot ETFs was $296 million, with Bitcoin ETF inflow of $129 million, Ethereum ETF inflow of $78.58 million, Solana ETF inflow of $53.08 million, and XRP ETF inflow of $35.41 million. （Cointelegraph）