Ripple’s XRP experienced a significant price drop on November 20th, even after the launch of the new Bitwise XRP ETF on the New York Stock Exchange (NYSE). The token fell over 7% despite the ETF hitting impressive trading volume of $22 million. While analysts predict this drop will not hinder long-term growth due to institutional interest, some market observers are concerned about whales selling large amounts of XRP following the launch. The sudden price decline highlights the unpredictable nature of crypto markets and contrasts with optimistic predictions for the ETF’s impact. A drop in profitability for XRP is also observed in on-chain analytics, potentially pointing towards a top-heavy and structurally fragile market. This trend adds to the volatility as major players are selling off their holdings.