Key Takeaways
- XRP hit $0.99 on Nov. 14, undercutting every daily low from its August 2026 dip.
- U.S. spot XRP ETFs hold about 1.19B XRP a year after Canary’s XRPC launched on Nov. 13, 2025.
- Sosovalue data shows no net XRP ETF inflows since Oct. 29 and about $18.6M out so far in November.
XRP Breaks the $1 Line
The $1 level that traders spent the week debating finally gave way as XRP slipped under $1 late Friday U.S. time and kept going, printing a low of $0.99 earlier today.
Historical data shows XRP last dipped below $1 between Aug. 11 and Aug. 19 this year, when its lowest daily low was about $0.986. Saturday’s print undercuts all of those and to find a lower daily low, one has to go back to mid-November 2024, just before XRP’s post-election rally took it to $3.65 in July 2025.
The drop was part of a market-wide flush as analysts reported over $330 million in liquidations in two hours as bitcoin fell under $67,000, ether under $1,900, XRP under $1.00 and solana under $75. At press time, XRP is down about 14% over seven days and 20% over 30 days (all while its market cap has shrunk to roughly $63 billion).
Lastly, it bears mentioning that the break did not come out of nowhere, and earlier this week Bitcoin.com News reported that XRP’s price was sinking owing to its technicals. As a result, Polymarket bettors saw a $1 retest as roughly a coin flip and by Nov. 12, XRP had already slid toward $1.05 even as large wallets kept growing.
A Rough First Birthday for XRP ETFs
The timing could hardly be worse for XRP bulls. On Friday, the official XRP account marked the anniversary:
One year ago today, the first US ETF to hold only XRP began trading. Since then, US spot XRP ETFs have accumulated over 1 billion XRP.
Canary Capital’s XRPC launched on Nov. 13, 2025, and funds from Bitwise, Franklin Templeton, 21shares, Grayscale, and REX followed. Community trackers put the total at 1.16 billion XRP, while other analysts counted about 1.19 billion.
At today’s price, that stash is worth roughly $1.18 billion, lining up with the roughly $1.16 billion in net assets per Sosovalue. It still sits well below the $1.79 billion investors have put in since their launch.
The Inflows Have Dried Up
XRP ETF funds have not posted a net inflow since Oct. 29 but have instead seen about $18.6 million in net outflows in November. Bitcoin.com News flagged the slowdown late last week when XRP ETFs went a whole week without a single dollar of inflows.
The drought has now stretched past two weeks, a sharp turn from the launch period, when the funds topped $1 billion in cumulative inflows within about a month without a single outflow day.
Institutional filings show who has been buying, at least through September. Japanese tech conglomerate Rakuten Group filed a 13F with the Securities and Exchange Commission (SEC) on Nov. 13 listing a Bitwise XRP ETF position of 6,690 shares worth $111,255 as of Sept. 30, part of a $6.42 million U.S. crypto ETF book.
EDGAR’s full-text search returns 82 13F reports filed since Oct. 1 that mention the Bitwise XRP ETF. That data runs a quarter behind, though, so it misses the recent outflows.
Looking ahead, the first test now is whether XRP can close a daily candle back above $1. A reclaim would make Saturday’s wick look like a liquidation flush, similar to what happened back in August, when XRP bounced from about $0.988 on Aug. 17 to nearly $1.70 by Aug. 22. On the other hand, a failure would turn $1 into resistance and put the November 2024 range back in view. Interesting week ahead!
