XRP dropped below $1 on Friday, reaching $0.9974 according to TradingView, marking its first time trading below that threshold since mid-August. The cryptocurrency has now closed in the red for nine consecutive days, with its price falling from $1.30 at the start of November. On Saturday, XRP traded at $1.025.
Since reaching a peak near $1.60 in autumn, XRP has lost almost 38% of its value. However, according to weekly Bollinger Bands analysis, the cryptocurrency remains above its lower band at $0.90, suggesting the decline has not constituted a sharp free fall.
The latest sell-off aligns with broader market weakness. Bitcoin fell below $70,000 on Friday, and most altcoins declined as well. The downturn follows a sell-off in U.S. technology stocks and comes amid trader positioning for a potential December Federal Reserve rate hike based on October inflation data.
ETF Outflows Signal Investor Caution
Spot XRP exchange-traded funds in the United States experienced significant outflows this week. The funds recorded outflows of $10.42 million on November 9 and $7.62 million on November 10, with zero flows on November 11 and 12. By November 13, spot XRP ETFs had recorded cumulative net outflows of $18.04 million for the period.
Total net assets in spot XRP ETFs declined to $1.16 billion as of November 12, down from $1.51 billion on October 28. Since their launch, the funds have accumulated $1.79 billion in cumulative net inflows. The Bitwise XRP ETF remains the largest of the five funds, with net assets of $420.29 million.
Whale Accumulation Reaches Highest Level Since 2026
Large holders have continued adding to their positions during the price decline. The number of wallets holding at least 10,000 XRP increased by 2,260 over the past 30 days. Wallets holding 1 million XRP or more reached 2,147 as of November 13, marking the highest count for such accounts recorded in 2026.
