NewsCryptoXRP Falls Below $1 as Selling Accelerates: Can Buyers Defend the $0.95 Support?

XRP Falls Below $1 as Selling Accelerates: Can Buyers Defend the $0.95 Support?

Author: CryptoNewsNet·

Key Takeaways

  • •XRP recently traded near $0.99, roughly 14.5% lower over seven days and about 38% below its October high of around $1.60.
  • •Approximately $16.9 million in XRP derivatives positions were liquidated during the sell-off, while futures open interest remained near $2.12 billion.
  • •US spot XRP ETFs recorded about $19.13 million in net outflows between November 9 and November 13, with the largest single-day withdrawal of roughly $10.42 million occurring on November 9.
  • •The daily Relative Strength Index has fallen to around 21.5, a deeply oversold reading that could support a short-term bounce without confirming a market bottom.
  • •Large holders continue to accumulate XRP even as institutional ETF demand weakens, leaving the two signals pointing in opposite directions.
XRP Falls Below $1 as Selling Accelerates: Can Buyers Defend the $0.95 Support?

XRP Falls Below $1 as Selling Accelerates: Can Buyers Defend the $0.95 Support?

XRP has dropped below the $1 mark as selling pressure persists across the cryptocurrency market. ETF withdrawals and derivatives liquidations have compounded the decline, even as large holders continue to accumulate the token — a mix of signals that leaves investors facing a critical support zone.

With momentum weakening and the August lows back in focus, the question is whether buyers can prevent a further slide toward $0.80.

XRP Loses the $1 Level as Selling Pressure Builds

XRP has lost the psychological $1 threshold, extending its losing streak and putting its August lows back on the radar. The token recently traded near $0.99, down approximately 14.5% over seven days and nearly 38% below its October high of around $1.60.

Derivatives traders have also absorbed damage. Approximately $16.9 million in XRP positions were liquidated during the latest sell-off as leveraged traders exited. Liquidations — the forced closure of leveraged positions when price moves breach margin requirements — convert unrealized losses into immediate market selling, a mechanism that can accelerate sharp drawdowns. Meanwhile, futures open interest, a measure of the total value of outstanding derivatives contracts, held near $2.12 billion — a sign that substantial exposure remains in the derivatives market. That combination could keep volatility elevated: any further decline would put leveraged long positions at risk of additional liquidations, potentially feeding more selling pressure.

The breakdown below $1 carries particular weight because buyers had previously defended that 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 weakened alongside the 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. Because spot ETF flows directly record purchases and redemptions in regulated US-listed funds, they serve as one of the clearest published gauges of institutional demand for the token.

The largest withdrawal occurred on November 9, when investors pulled roughly $10.42 million from the products. Another $7.62 million exited on November 10, followed by smaller outflows later in the week. Even so, the pullback remains modest relative to the fund complex's footprint: cumulative net inflows stand around $1.71 billion, total ETF assets sit near $1.14 billion, and last week's withdrawals equaled roughly 1.7% of the products' assets under management.

Price Analysis: Is $0.95 the Decisive Zone?

XRP's chart shows the token has broken below its previous support region at $1.20–$1.25 and is now approaching the $0.95–$1.00 demand zone — the most important area for buyers in the near term.

If XRP holds that region and recovers above $1, the first resistance to watch is $1.20–$1.25. A sustained breakout above that range could improve the technical structure and bring $1.55–$1.60 back into focus.

On the downside, a decisive break below $0.95 could open the way to further losses toward $0.90. If broader selling accelerates, the $0.80 region could become the next major downside target; a decline from $0.99 to $0.80 would represent an additional loss of roughly 19%.

Momentum indicators reflect the severity of the correction. The daily Relative Strength Index — a momentum gauge on a 0–100 scale in which readings below 30 are conventionally considered oversold — has fallen to around 21.5, a deeply oversold reading that could support a short-term bounce, though it does not confirm that XRP has found a bottom. For now, $0.95 remains the critical level: buyers need to defend it and push the token back above $1 to reduce immediate downside risk.

Is Another Drop Toward $0.80 Coming?

XRP is contending with weakening ETF demand, derivatives liquidations and a deteriorating technical structure. Large-holder accumulation provides some underlying support, but it has not yet translated into a price recovery — leaving institutional flows and large-holder accumulation pointing in opposite directions.

How that tension resolves can be tracked through published data rather than forecasts: daily ETF flow reports, shifts in futures open interest from the ~$2.12 billion level, liquidation tallies, and continued large-holder accumulation figures will each show whether the opposing signals persist.

The market's next move around $0.95 could determine the short-term direction. Holding that support may give buyers an opportunity to recover toward $1.20, while a breakdown could expose the token to $0.80. Until XRP reclaims $1.20, the recovery remains uncertain, and investors must account for the risk of another leg lower.