XRP Price Slides Toward Year-to-Date Low as ETF Outflows Jump and RLUSD Supply Hits Record High
Key Takeaways
- •Spot XRP ETFs have lost more than $18 million this month, the first monthly decline since March, with cumulative outflows at $1.79 billion and assets under management of $1.16 billion.
- •The Crypto Fear and Greed Index dropped to 18 in extreme fear territory, and Democrats' large midterm victory, putting them on track to control both the Senate and the House, has raised concerns about stricter crypto regulation.
- •Strong U.S. employment data, stubborn inflation, and rising oil prices after the halt in U.S.-Iran talks have increased the likelihood of a 0.50% Federal Reserve interest rate hike, as warned by Fed Governor Christopher Waller.
- •Ripple's RLUSD stablecoin supply reached a record $2.7 billion with daily trading volume above $200 million, contrasting with falling USDC and USDT supply, and could support XRP by boosting XRP Ledger activity and token burns.
- •Technical signals including a double-top at $1.6585, a death cross, and a falling RSI suggest continued declines, with sellers targeting key support at $0.9868.
XRP extended its downward trend, sliding to $1.026 — its lowest level since August 19 — as risk-off sentiment continued to grip the cryptocurrency market. The token is now down 40% from its August high and is nearing its year-to-date low. The sell-off may continue as long as spot XRP exchange-traded funds (ETFs) keep registering outflows.
XRP ETF Outflows Jump
Spot XRP ETFs have recorded more than $18 million in outflows so far this month, bringing cumulative outflows to $1.79 billion, according to SoSoValue data. The funds now hold $1.16 billion in assets under management (AUM).
The outflows are significant because November is the first month since March in which these ETFs have lost assets. Rising crypto ETF outflows are a sign that demand among investors is fading. Spot Bitcoin and Ethereum ETFs have similarly shed billions of dollars in assets over the past two months, making flow data a widely tracked gauge of demand for the asset class.
Market sentiment has deteriorated in parallel: the Crypto Fear and Greed Index dropped to 18, deep in extreme fear territory on the index's 0-to-100 scale. The decline intensified after the U.S. midterm elections, in which Democrats won by a large margin. The party is on track to control both the Senate, with 56 seats, and the House of Representatives — an outcome that may lead to tighter crypto regulation. American investors have continued selling crypto ETFs ahead of the new term in Congress.
Rising Odds of Federal Reserve Interest Rate Hikes
XRP's slide also reflects mounting investor concern about the Federal Reserve following a string of recent U.S. macroeconomic releases. Figures released last week showed the economy created 165,000 jobs last month, while the unemployment rate dropped to 4.1%. Further numbers indicated that inflation remained stubbornly high during the month.
Inflation pressures could intensify as oil prices climb. Brent and West Texas Intermediate (WTI) crude jumped to $96 and $89 a barrel respectively, and the trend may continue now that the United States and Iran are no longer in talks. In a statement on Thursday, President Donald Trump said he had asked JD Vance to stop talking to the Iranians as oil prices fell. There remains a possibility that the two sides will return to fighting, which would lead to higher inflation. Indeed, Fed Governor Christopher Waller — a member of the rate-setting Federal Open Market Committee — has warned that the central bank will hike interest rates by 0.50%.
RLUSD Supply Hits Record High
On the positive side, demand for Ripple USD (RLUSD), the dollar-pegged stablecoin issued by Ripple in late 2024, is rising. CoinMarketCap data shows that the RLUSD supply has jumped to a record high of $2.7 billion, with its 24-hour trading volume exceeding $200 million.
The growth stands out because it comes as the market capitalization of USD Coin (USDC) has continued to fall, while USDT's supply has also dropped over the past few months. In theory, a rising RLUSD supply is a bullish factor for XRP, since it drives more activity on the XRP Ledger and, in turn, more token burns — the mechanism by which the network permanently destroys a small amount of XRP with each transaction fee paid.
XRP Price Technical Analysis
The daily chart shows that XRP has been in a steady downtrend over the past few months. The token formed a double-top pattern at $1.6585 with a neckline at $1.2492 — a formation that often precedes a deep decline. XRP has also printed a death cross — a bearish signal that forms when the 50-day moving average crosses below the 200-day — while the Relative Strength Index (RSI) has continued to fall.
Based on these signals, the token is likely to continue falling as sellers target the key support level at $0.9868. A move below that level would point to more downside over time. Alongside the chart levels, the data points to watch in the sessions ahead are daily spot XRP ETF flow reports and any further signals on the Federal Reserve's rate path.
This article provides cryptocurrency market information and does not constitute financial or investment advice. ETF flows, technical indicators, and market forecasts cannot guarantee future prices. Digital assets involve substantial financial risk.
This article originally appeared on The Market Periodical on November 13, 2026.
