Overview
- XRP traded under $1 on Nov. 13–14, falling to intraday lows around $0.9967–$0.98 and briefly breaching the $0.985 August floor for the first time since 2024.
- Derivatives forced selling magnified the move with roughly $16.94 million of XRP positions liquidated in 24 hours while daily turnover did not show a clear capitulation spike.
- Exchange balances rose by about 335.76 million XRP over the prior three months and U.S. spot XRP ETFs recorded roughly $18.57 million of outflows in November, signaling weaker demand from some institutional channels.
- Contrasting signs include deep short-term oversold readings (daily RSI near 19–20) and two days of net buying on Coinbase, leaving unclear whether the break is exhaustion-driven or the start of a deeper decline.
- Technically, losing $0.98–$0.99 would expose lower targets near $0.84–$0.90 and a farther $0.75 channel boundary while XRP’s large ETF holdings (about 1.16 billion tokens) mean institutional flows and Bitcoin or macro moves will shape the next leg of the market.