XRP Price Breaks Below $1 After Nine-Day Losing Streak as Weekly Support Holds Near $0.90
XRP briefly fell below $1 after recording nine consecutive days of losses, extending a decline that has erased nearly 38% of its value from its autumn peak. However, weekly technical indicators show the cryptocurrency remains above an important support boundary near $0.90, while ETF outflows and rising whale wallet numbers point to contrasting trends among investors.
According to TradingView data, XRP dropped to $0.9974 on Friday, November 13, its first move below $1 since August 14. The token subsequently recovered to $1.025 on Saturday after declining from approximately $1.30 in early November.
The latest weakness comes as selling pressure continues across the broader cryptocurrency market. Despite the extended losing streak, XRP has not yet moved below the lower boundary of its established weekly trading range.
XRP Weekly Bollinger Bands Place Key Support Near $0.90
TradingView's weekly Bollinger Bands place XRP's lower technical boundary near $0.90. The cryptocurrency remains above this level despite nine consecutive negative trading sessions, making it an important reference point for traders monitoring the current decline.
Bollinger Bands use a moving average and standard deviations to measure price volatility and identify potential trading ranges. XRP's position above the lower band indicates that its weekly price has not yet breached this particular technical boundary. It does not, however, guarantee that the level will hold if selling pressure continues.
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| Source: TradingView |
Broader market conditions have also contributed to investor uncertainty. Bitcoin fell below $70,000 on Friday as technology stocks weakened and expectations surrounding Federal Reserve policy shifted.
CME FedWatch data reflected growing expectations of a December interest rate hike following October inflation figures, adding another factor to the market outlook for cryptocurrencies.
XRP ETF Outflows Reach $18.04 Million
Institutional flows have weakened alongside XRP's price. U.S. spot XRP exchange-traded funds recorded combined net outflows of $18.04 million, according to SoSoValue.
The funds experienced withdrawals of $10.42 million on November 9 and another $7.62 million on November 10. No net flows were recorded on November 11 or November 12.
Total assets held by the funds declined from $1.51 billion on October 28 to $1.16 billion on November 12. Despite the reduction in assets, cumulative net inflows remained positive at $1.79 billion. Bitwise accounted for approximately $420.29 million in assets.
The figures show a recent reduction in ETF holdings alongside continued positive cumulative net inflows, providing a more detailed picture of institutional activity than daily withdrawals alone.
XRP Whale Wallets Reach Their Highest Level in 2026
On-chain data presents a different trend among larger XRP holders. Santiment recorded an increase of 2,260 wallets holding at least 10,000 XRP over a 30-day period.
Wallets containing one million XRP reached 2,147, marking their highest number in 2026. The increase came despite falling prices and withdrawals from U.S. spot XRP ETFs.
The contrasting figures highlight different developments across the XRP market. ETF outflows indicate recent withdrawals from institutional investment products, while the growth in large-holder wallet counts points to an increase in addresses holding substantial XRP balances.
For the immediate technical outlook, traders are watching whether XRP can recover and maintain prices above $1 or whether further selling could bring the weekly Bollinger Band support near $0.90 into focus. The available indicators identify these levels but do not establish the direction of the next move.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.