From Coinpedia · By Shubham Vishwakarma
Story HighlightsXRP price breaks below $1 for the first time since August, extending its decline as sellers maintain control.
US spot XRP ETFs record approximately $19.13 million in weekly outflows, while derivatives liquidations add to market pressure.
Wallets holding at least 10,000 XRP reached a one-year high of 343,578, suggesting large investors are continuing to accumulate.
XRP price has fallen below $1 as selling pressure continues across the cryptocurrency market. ETF withdrawals and derivatives liquidations have added to the decline, while large holders are still accumulating the token. This creates a mixed picture for investors as XRP approaches an important support zone.
Advertisement With momentum weakening and its August lows back in focus, can buyers prevent another decline toward $0.80?
XRP Price Falls Below $1 as Selling Pressure Increases
XRP has lost the psychological $1 level, extending its losing streak and bringing its August lows back into focus. The token recently traded near $0.99, down approximately 14.5% over seven days and nearly 38% from its October high of around $1.60.
The decline has also affected derivatives traders. Approximately $16.9 million in XRP positions were liquidated during the latest sell-off, adding further pressure as leveraged traders exited their positions. Meanwhile, futures open interest remained near $2.12 billion, showing that significant exposure remains in the derivatives market.
This combination could keep volatility elevated. If XRP continues falling, traders holding leveraged long positions may face further liquidations, potentially adding to selling pressure.
The breakdown below $1 is particularly important because buyers had previously defended this level during the market recovery. A sustained move back above $1 would be the first indication that buyers are returning. Until then, sellers retain the advantage.
XRP ETF Outflows Reach $19.13 Million
Institutional demand has also weakened as XRP struggles to maintain its price. US spot XRP ETFs recorded approximately $19.13 million in net outflows between November 9 and November 13, reversing some of the buying activity seen in previous weeks.
The largest withdrawal occurred on November 9, when investors pulled approximately $10.42 million from the products. Another $7.62 million exited on November 10, followed by smaller withdrawals later in the week. Despite this recent weakness, cumulative net inflows remain around $1.71 billion, while total ETF assets stand near $1.14 billion.
XRP Price Analysis: Can XRP Hold the $0.95 Support?
XRP’s price chart shows that the token has broken below the previous support region around $1.20–$1.25. The price is now approaching the $0.95–$1.00 demand zone, making it the most important area for buyers in the near term. If XRP holds this region and recovers above $1, the first resistance to watch is $1.20–$1.25. A sustained breakout above this range could improve the technical structure and bring $1.55–$1.60 into focus.