XRP Falls Under $1 to Two-Year Low — $0.85 in Sight

XRP tumbles below $1 as crypto markets slide

XRP dropped to a fresh two-year low on November 15, briefly trading near $0.89 before recovering to about $0.95. The slide came amid broad risk-off sentiment across cryptocurrency markets, with selling pressure compounded by continued outflows from US spot XRP exchange-traded funds (ETFs) and an uptick in transfers from large holders to exchanges.

Over a 24-hour window, XRP moved between $0.894 and $1.00 and was down roughly 3.4% at the time of reporting, according to crypto.news price data. The token has fallen more than 15% over the past week, slipping well below the roughly $1.30 level it held at the start of November. Bitcoin and Ethereum also weakened, with BTC near $64,000 after a drop toward $62,000 and ETH trading around $1,800, reflecting broad market deleveraging.

Key market drivers: ETF withdrawals and stablecoin contraction

A major pressure point this week was net outflows from US spot XRP ETFs. Data from SoSoValue showed the funds recorded $19.13 million in weekly net withdrawals during the November 9–13 trading session — the largest weekly outflow in about eight months and the second straight week of redemptions. Most of the withdrawals occurred on Monday and Tuesday, with the combined fund assets ending the week at about $1.15 billion. The $19.13 million outflow represented roughly 1.7% of that total.

At the same time, research noted a broader decline in stablecoin supply. Over the 30 days through November 9, stablecoins contracted by approximately $14.2 billion, a contraction that correlates with weaker buying demand and fund redemptions. Lower stablecoin liquidity can reduce the market’s capacity to absorb selling pressure, amplifying volatility when traders exit positions.

Liquidations intensified the sell-off

Falling prices forced leveraged traders into liquidations as collateral values dropped. Exchanges automatically closed many leveraged long positions during the recent sell-off, driving additional downward pressure on prices. Bitcoin alone experienced hundreds of millions of dollars in long liquidations, a dynamic that often cascades across altcoins like XRP when sentiment deteriorates.

US spot XRP ETFs: where the money went

Redemptions were concentrated at the start of the week. Funds lost $10.42 million on November 9 and another $7.62 million on November 10. Bitwise accounted for about $9.4 million of the withdrawals recorded on November 9, while other listed funds saw smaller redemptions. Although changes in market price explained much of the decline in reported fund value, the withdrawals underscored waning short-term demand for XRP exposure via ETFs.

Blockchain signals: whale transfers to Binance increase

On-chain analytics highlighted a notable shift in large-holder behavior. CryptoQuant reported that the 50-day moving average of its Binance-focused XRP whale-to-exchange transfer metric rose from 12,315.2 on August 16 to 23,816.3 on November 12 — an increase of nearly 93%. That shorter-term average nearly matched the 365-day average of 23,833.7, signaling unusually elevated transfer activity by large XRP addresses into exchanges over the period.

XRP whale-to-exchange transactions

Transfers to exchanges can precede selling, though they do not prove that the assets were sold. Analysts noted that some large holders might be repositioning rather than liquidating, but the trend nonetheless heightened market anxiety as prices fell from around $1.25 on November 2 to just over $1.04 by November 12.

Derivatives market and funding rates

Derivatives data painted a mixed picture. CryptoQuant analyst Darkfost highlighted unusually high XRP funding rates on Binance, with the 30-day cumulative reading reaching roughly 0.18% on November 10 — the highest level since October 2025. Positive funding rates typically mean long traders are paying shorts, which can indicate crowded long positions and increase the risk of forced deleveraging if prices continue downward.

Technical outlook: $0.90 and $0.85 are the critical levels

Analysts and traders have identified $0.90 as the immediate support to watch. A breakdown below that level could open the way to $0.85, a zone many market participants consider the next meaningful support. On the upside, retaking $1 would be an early sign of stabilization and bring prior breakdown levels back into focus. More robust recovery targets cited by analysts include $1.05, $1.12, and $1.25 if buying pressure returns.

CrediBULL Crypto said XRP hit a previously identified downside target but cautioned that pairings against BTC and ETH don’t yet look bottomed. The analyst suggested the token could trade sideways or test lower ranges before any decisive rebound, and recommended spot buys around current levels while avoiding leveraged longs until clearer confirmation appears.

Another analyst, Carolina, listed $0.95, $0.90 and $0.85 as key levels to monitor during further selling and flagged the same higher targets for a meaningful recovery. On the daily chart, XRP remained below its 20-day moving average near $1.16, reinforcing the view that momentum remains tilted toward sellers until price action proves otherwise.

XRP price chart

Escrow schedule and upcoming supply dynamics

Supply-side events are also on traders’ radar. Ripple’s next scheduled escrow release falls on December 1, when one billion XRP will become eligible for release from four on-ledger escrow objects. Ripple previously released one billion XRP on November 1 and subsequently returned 700 million to escrow. While an eligible release does not guarantee tokens will enter the market immediately, scheduled escrow events can influence sentiment, particularly in a stressed trading environment with elevated exchange transfers from whales.

What traders should watch next

Key monitoring points for crypto traders and investors in the coming days:

• ETF flows: Continued net outflows from US spot XRP ETFs would keep downside pressure on XRP and risk investor sentiment.
• On-chain whale activity: Elevated transfers to exchanges could presage more selling, so watch exchange inflows and large transfer patterns closely.
• Stablecoin liquidity: Any further declines in stablecoin balances reduce buying capacity and heighten volatility risk.
• Macro and Bitcoin price action: Bitcoin’s direction remains a dominant factor for altcoins; a renewed BTC rally could help lift XRP, while further BTC weakness could drag prices lower.
• Escrow release on Dec. 1: Traders should factor in the potential for increased supply to influence short-term sentiment, especially if liquidity is thin.

For now, XRP’s immediate technical picture favors caution. Traders tracking support at $0.90 and $0.85 while watching ETF flows, whale transfers and funding rates will be best positioned to respond to the next leg of price action in this volatile market.