According to crypto.news data, XRP fell to a intraday low of around $1.03 on November 11, after previously trading above $1.10 earlier in the same day. In the past 24 hours, XRP has dropped by more than 3% to around $1.06, and over the past 7 days it has fallen by 15.4%. The cumulative decline over the past month is nearly 25%, and it is currently more than 58% lower than its price from a year ago.
During this decline, traders continued to favor a bullish stance on Binance, while institutional investors have recently withdrawn funds from US spot XRP exchange-traded funds (ETF).
Why has XRP fallen today?
A major concern for investors is the recent outflow of funds from spot ETF. Data from SoSoValue shows that on November 9th, there was a net outflow of approximately 10.42 million US dollars from the US spot XRP ETF.
Among them, the XRP ETF of Bitwise accounted for approximately $9.4 million, which is about 90% of the total outflows on that day. The XRPC of Canary Capital saw an additional outflow of $811,440, while the TOXR fund of 21Shares recorded an outflow of about $212,900.
This is the largest single-day outflow of funds in a year, but it still accounts for less than 1% of the total asset size of these funds.
Despite the growth driven by regulated investment products in recent months, XRP has still struggled to maintain its previous upward momentum.
Going back to August, the spot XRP ETF attracted $110.49 million in capital inflows during the last week of the month, pushing the cumulative net inflow to over $1.66 billion. XRP rose by 37% that month, marking the strongest single-month increase since 2026.
However, the recent weak trend has erased most of the rebound, and the current trading level of XRP is significantly lower than the high points seen during the upward trend at the end of summer.
Despite the decline of XRP, there are still more traders of Binance.
The derivatives market presents a different scenario: even as XRP continues to weaken, traders of Binance still maintain a bullish position.
Analyst Darkfost stated on November 10th that the rolling 30-day cumulative funding rate for XRP perpetual contracts on Binance was approximately 0.18%, which is the highest since October 2025.
As previously reported by crypto.news, this reading appears about 30% after a higher rebound in XRP.
A positive funding rate usually means that traders holding long positions need to pay a fee to the shorts in order to maintain their positions. Darkfost warns that abnormally high funding rates often occur near the local price highs of XRP.
Another analyst, CryptoQuant, reported that on the 7th, the average spot trading volume of XRP increased from $513 million on October 28th to $786 million on November 9th, representing a growth of 53.2%.
An increase in trading activity coincides with a decline in prices, but based solely on higher trading volumes, it is not possible to determine whether investors are accumulating positions or selling their holdings.
It is reported that since mid-October, the average number of open contracts of XRP on Binance has decreased from approximately 512 million to 453 million over a 30-day period, indicating a reduction in open futures positions during the correction phase.
At the same time, cryptocurrency trader BangXBT expressed a different opinion on the decline of XRP on X on November 10th.
“XRP is very likely a classic case of accumulating shares,” wrote this trader, reminding investors not to chase upward trends driven by fear of missing out.
BangXBT considers $0.9763 as a observation level and $0.6732 as a possible lower buying range, suggesting that if there is further decline, it may provide an opportunity for traders waiting to enter at a lower price.
XRP Price Analysis: Can the $1.05 support level be held?
From a technical perspective, XRP continues to form lower highs and lower lows, and has failed multiple times in the past 24 hours to return above $1.08.
After reaching around $1.035, the cryptocurrency briefly rebounded to near $1.07, but the buying pressure was not able to sustain this upward movement.
Currently, $1.05 serves as immediate support, followed by the range of $1.03 to $1.04. The latest rebound has indeed started in this area.
If it falls below this range, the psychological barrier of $1 will become the focus; if it reclaims above $1.07, XRP may test the resistance levels between $1.08 and $1.10 again.
XRP The daily relative strength index (RSI) recently approached 25, indicating oversold conditions; at the same time, the token is still operating below the main daily index moving average.
On the 14th, RSI was at 23.77, far below the oversold threshold of 30; MACD was still in the negative range at -0.0648, with the signal line at -0.0474. The bar chart for MACD showed -0.0174, indicating that although RSI had entered the oversold area, the bearish momentum continued.
XRP is currently below the 20-day, 50-day, and 200-day moving average lines, at $1.22, $1.29, and $1.35 respectively. The price has also fallen below the lower band of the Bollinger Bands at $1.08. As for Williams, the %R is at -93.08 and the stochastic indicator is at 5.36, both indicating severe overselling.
Despite the readings indicating oversold conditions, XRP has yet to show a sustained rebound, and MACD as well as the moving averages still favor the sellers. If it falls below the recent low of around $1.03, $1 will once again become the focus of attention; on the other hand, buyers will need to recapture the $1.08 to $1.10 range in order to challenge the current bearish trend.
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