XRP Falls to $1.18 as Market-Wide Selloff Pushes Token to Two-Month Low
XRP dropped below $1.185 for the first time since August, according to CryptoPotato, after failing to hold $1.30 and $1.20 support. CoinDesk reported a 15-week low near $1.32, a level that CryptoPotato's later figures place above the current price.
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Price Action and the Disputed Low
XRP fell below $1.185 in the latest session, its first trade under that level since the August 22 crash, according to CryptoPotato. The token lost $1.30 and then $1.20 in quick succession after being rejected near $1.35 roughly 36 hours earlier. CryptoPotato reported a 9.5% decline over 24 hours and said XRP was the weakest performer among the 30 largest altcoins over that window.
CoinDesk described a different low. Its report said XRP hit a 15-week low at $1.32 before stabilizing, with traders watching whether the washout would form a base or lead to further declines. The two accounts describe different points in the same move, and the gap is large: $1.32 versus sub-$1.185. Neither source gives a timestamp that would reconcile them, so the lower figure should be treated as the more recent one, and the 15-week versus 11-week framing as an unresolved difference in how each outlet measured the low.
Market-Wide Backdrop
The decline was not isolated to XRP. CryptoPotato reported that Bitcoin was rejected at $81,000 and fell to $75,000, with most altcoins following. XRP's market capitalization fell to $75 billion, widening its gap with BNB, which stood at $90 billion, despite a recent hack against Binance. The source does not specify the scale of that hack or its link to the sell-off.
Flows and Analyst Positioning
CryptoPotato cited SoSoValue data showing XRP exchange-traded funds were among the few positive performers in October but saw little or no demand at the start of November. Flows were negative on Monday and recorded no activity on Tuesday through Thursday. CoinDesk attributed the decline to sellers outpacing exchange outflows, a framing that points to selling pressure rather than ETF data as the immediate driver.
Analyst Ali Martinez had argued that a close above $1.28 could open the way to higher prices. CryptoPotato reported he cited withdrawals of more than 13 million XRP from exchanges and a 60 million token increase in whale holdings within a week, and pointed to a possible inverse head-and-shoulders pattern with $1.60 as the next target. The rejection that followed led CryptoPotato to describe the move above $1.35 as a false breakout, while noting that Martinez's on-chain data remained constructive. The outcome shows the limits of such signals in a broad market decline.
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