XRP approached the $1 support level on Nov. 10, 2026, after falling about 13% over seven days amid continued selling pressure. CoinGlass data placed XRP near $1.06, approximately 17% below its price seven days earlier, while U.S. spot XRP exchange-traded funds recorded withdrawals and futures exposure contracted.

The proposed XRP Ledger lending amendments also remained below the validator support required for activation. The combination of weaker investment-product demand and declining futures positions placed XRP near a psychological price level that traders had monitored during previous declines. However, the reduction in futures exposure did not establish that selling pressure had ended.

XRP’s November losses bring $1 support into focus

XRP has reversed the price trend seen last week, when it briefly rallied above $1.30, and has continued to decline into November. The token has since lost several support levels, while buyers have struggled to sustain momentum despite short-lived recoveries.

The broader cryptocurrency market has also faced selling pressure, but XRP has declined more sharply, losing around 13% over the past seven days. Demand from investment products weakened during the sell-off. CoinGlass data showed that U.S. spot XRP ETFs posted $10.42 million in net outflows on November 9. Spot ETFs let investors hold XRP exposure through brokerage accounts without managing the token directly, which is why their daily flows are commonly read as a gauge of broader investment demand.

The latest decline follows several weeks of weaker market activity. XRP has remained under pressure since reaching a September peak near $1.65, according to recent XRP price analysis. The token has also fallen below its 50-week exponential moving average, while its weekly chart continues to record lower price levels. The 50-week exponential moving average is a long-term trend indicator that gives greater weight to recent prices.

The next major test is the $1 level, a round number that traders often use as a reference point when placing orders. If that support fails, the September low near $0.98 could become relevant.

Binance open interest declines as whales accumulate XRP

Futures data indicates how traders have responded to the decline in XRP’s price. According to CryptoQuant, Binance’s 30-day moving average for XRP open interest fell from approximately 512 million to 453 million between the middle of October and Nov. 10. Open interest tracks the total value of futures contracts left open on an exchange, making it a standard measure of how much leveraged capital is committed to a market.

The decrease suggests that traders reduced exposure as prices declined, although it does not necessarily mean selling has stopped. Without stronger demand, XRP could remain vulnerable to another move toward $1.

There are also indications of buying activity among larger holders. Analyst Ali Martinez reported that whales accumulated more than 16.46 million XRP over five days. Whale-tracking analyses like this one rely on public on-chain data that clusters holdings by wallet size. The report was published on X: https://x.com/alicharts/status/2119148573145375149

A Binance liquidation heatmap shared by BankXRP showed that XRP had already moved through a lower-liquidity cluster. The largest remaining concentrations were near $1.17 to $1.18, with another smaller pocket around $1.12. Liquidation heatmaps chart where leveraged positions are clustered, flagging price zones where forced position closings can concentrate. BankXRP shared the heatmap on X: https://x.com/BankXRP/status/2119952569489654183?a=T9zMb_IJtZ-XWWpHXdw&s=20

If XRP recovers above $1.12, those higher-liquidity levels could become areas monitored by traders. Martinez also identified $1.30 as a possible recovery target, although that view depended on XRP holding $1.14.

Proposed XRPL lending protocol still lacks validator support

While traders assess the possibility of a recovery, the XRP Ledger is continuing work on its proposed lending protocol. The XLS-66 amendment would permit fixed-term, uncollateralized borrowing through pooled vaults, with off-ledger institutions responsible for assessing borrowers. If activated, it would add lending and pooled-vault capabilities to the ledger.

The proposal has not yet received enough validator votes to activate. As of Nov. 10, the XRPL amendment dashboard showed 22 validators supporting the amendment and 35 opposing it. The protocol was seven votes short of the 29 required for activation over two weeks. That two-week window is part of the ledger’s amendment process, under which a change takes effect only if the required level of validator support is sustained throughout.

The corresponding SingleAssetVault amendment had 23 votes and remained two votes short of the 25 required. The voting process follows the September release of XRPL version 3.4.0, which introduced additional changes to the proposed lending system. Both amendments will need to close their shortfalls and hold support through the two-week window before either can take effect. An earlier XRP Ledger report covered its closed-ended vaults and updated accounting features: https://themarketperiodical.com/2026/09/18/xrp-news-xrpl-3-4-0-adds-lending-upgrade-as-xrp-holds-1-32/

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile, and readers should independently assess investment risks.