XRP Falls Below $1 as ETF Outflows and Stablecoin Contraction Weigh on Crypto Markets
XRP dropped below $1 on November 15, touching $0.89 as crypto markets declined and US spot XRP ETFs recorded a second straight week of withdrawals. Reports differ on the timing and size of the ETF outflows, while on-chain data shows large holders moving more XRP to exchanges.
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Price Action and Market Backdrop
XRP traded as low as $0.894 on November 15, falling below $1 for the first time in roughly two years, according to crypto.news. CoinDesk reported that the token hit its lowest level since November 2024. Crypto.news put XRP near $0.95 at the time of its report, down about 3.4% over 24 hours and more than 15% over the past week, leaving it well below the $1.30 level seen at the start of November.
The decline came alongside a broader selloff. Bitcoin fell toward $62,000, a three-month low, while Ethereum dropped below $1,800, according to crypto.news. Both outlets tied the move to investors reducing exposure to cryptocurrencies and other risk-sensitive assets.
ETF Flows and Stablecoin Supply
Both outlets pointed to fund withdrawals as a source of pressure. SoSoValue data cited by crypto.news showed US spot XRP ETFs recorded $19.13 million in net outflows during the November 9-13 trading week, the second consecutive weekly withdrawal and the largest weekly net outflow in about eight months. Most of the redemptions came on November 9 and 10, and the total represented roughly 1.7% of the roughly $1.15 billion in combined fund assets, which crypto.news noted was driven mainly by the price decline rather than withdrawals alone.
CoinDesk framed the selling as part of a wider shrinkage in capital, citing shrinking stablecoin supply alongside ETF outflows. Crypto.news separately reported that stablecoin supply fell $14.2 billion over the 30 days through November 9. The two outlets agree on direction but describe the scale of the outflows differently: crypto.news quantifies the ETF figure directly, while CoinDesk's headline characterizes the pressure more broadly without a matching dollar figure.
On-Chain and Derivatives Signals
CryptoQuant analyst CryptoOnchain reported that the 50-day average of XRP whale-to-exchange transfers rose about 93%, from 12,315.2 on August 16 to 23,816.3 on November 12, nearly matching the 365-day average. The analyst described possible repositioning by large holders as one explanation. The metric shows transfers to exchanges, not confirmed sales.
A separate CryptoQuant analysis by Darkfost found 30-day cumulative XRP funding rates on Binance reached about 0.18% on November 10, the highest since October 2025, indicating long positions were paying shorts heavily before the drop. Analyst CrediBULL Crypto said XRP had reached a previously identified downside target but that its pairs against Bitcoin and Ethereum had not yet appeared to bottom, and that the price could trade sideways or lower before a stronger recovery.
Liquidations and Open Questions
Crypto.news attributed part of the selloff to forced closures of leveraged positions as falling prices left insufficient collateral, noting that exchange liquidations can amplify declines. It reported hundreds of millions of dollars in Bitcoin long liquidations during the latest selloff. Neither source provided XRP-specific liquidation totals.
The $0.85 level referenced in crypto.news's headline is presented as a question rather than a forecast. Whether the outflows, rising exchange transfers and leverage unwind mark a near-term floor remains unresolved in the reporting.
Why It Matters
For Traders
XRP is trading near $0.90 to $0.95 with ETF outflows and rising exchange transfers, but analysts disagree on whether a floor is near, so position sizing and stop placement deserve close attention.
For Investors
Sustained ETF withdrawals and a shrinking stablecoin base would signal weakening institutional demand for XRP and the broader market over multiple months.
For Builders
Falling token prices and contracting stablecoin liquidity can strain XRP-denominated lending, collateral and payment products, so their risk parameters should be reviewed.
This article is for information only and is not financial advice. Read the full disclaimer.
