XRP fell to about $1.08 on Nov. 9, its weakest level since August, after sliding from around $1.55 in early October. The token is down roughly 6.7% over 24 hours, with a market capitalization near $70 billion, as crypto liquidations topped $1 billion on Sunday.
Key Levels and Analyst Views
Analyst Casitrades had been watching $1.10 as a potential pause point for the decline. “Based on that momentum, I think we could see another test of $1.10, potentially even pushing lower. New lows are eyeing $1.00 or the infamous $0.90,” she said, adding that bitcoin appears to have more downside ahead, which could add further pressure.
The slide has been steady: XRP fell from about $1.55 in early October to near $1.17 by Nov. 7, as open interest dropped 12.36%. A close below $1.2355 on the four-hour chart confirmed the breakdown, leaving resistance at the 21-day and 55-day exponential moving averages of $1.2578 and $1.2703. Popular chartist Ali Martinez argued on Sunday that a hold of $1.14 could send XRP back toward $1.30, but the token broke that level within hours.
ETF Flows and Momentum
Spot XRP exchange-traded funds recorded zero net flows from Nov. 3 to Nov. 6, and October inflows sank to $18.8 million from $121.4 million in September. The funds’ net assets stood at $1.34 billion, or 1.82% of XRP’s market capitalization. Momentum readings are stretched, with a 14-day relative strength index near 28 (one trader’s chart dipped as low as 24); anything under 30 is considered oversold.
The long-term picture is also weak: XRP is about 70% below its $3.66 record from July last year, and its market value has shrunk from about $210 billion at that time.
Polymarket Odds and Whale Activity
Polymarket’s November contract gives XRP a 49% chance of dipping to $1.00 by month-end and just 6.9% odds of reaching $0.80. The round number has recent history: XRP dipped below $1 in mid-August for the first time in nearly two years before rebounding.
Santiment has been tracking a public call for XRP to reach about $0.99, which resolves on Nov. 19 and is invalidated by a close above $1.36. From $1.11, the target is about 11% away. Among the most profitable XRP wallets Santiment follows, only one was long as of Nov. 6, while three active shorts had added about 2.1 million XRP since late October. Larger holders have told a different story: wallets holding at least 1 million XRP reached 2,147 last week, their highest count of 2026. Santiment reported last month that whales controlled 68.5% of the token’s supply.
Corporate News Fails to Lift the Chart
The sell-off has rolled over some favorable corporate headlines. Brazil’s central bank now lists Ripple’s local unit as “under review” for a virtual asset license, after a filing made two days before the Oct. 30 deadline; the status is an early step and confers no authorization. Similarly, when Ripple secured final approval for a national trust bank last month, the token stayed put between $1.29 and $1.31.
