Overview
- XRP has traded under $1, hitting an intraday low near $0.9967 on Nov. 13 and falling to about $0.89 on Nov. 15, its weakest trade since August.
- The token briefly pierced the $0.985 August floor and is now testing short supports around $0.98, $0.90 and $0.85 on oversold technical indicators.
- Leveraged positions were closed aggressively, with CoinGlass reporting roughly $16.94 million in XRP liquidations and exchange inflows rising as whales moved coins toward Binance.
- U.S. spot XRP ETFs recorded net outflows of about $19.13 million for the Nov. 9–13 week, a withdrawal pattern that can force managers to sell holdings to meet redemptions.
- Longer-term context shows institutions hold large ETF positions (about 1.16 billion XRP) and a one-billion‑XRP escrow eligibility on Dec. 1 could add supply pressure if selling continues.