XRP Price Falls Below $1 for First Time Since 2024 as ETF Inflows Stall
XRP has fallen below the $1 threshold for the first time since November 2024, reaching an intraday low of $0.99 as a broader cryptocurrency market sell-off triggered more than $330 million in liquidations within two hours. The decline comes as U.S. spot XRP exchange-traded funds (ETFs) mark their first anniversary with more than 1 billion XRP accumulated but face a growing slowdown in investor inflows.
The latest breakdown occurred late Friday during U.S. trading hours, with XRP extending its losses into Saturday. Historical price data shows the token previously traded below $1 between August 11 and August 19 this year, recording a daily low of approximately $0.986. However, Saturday's decline pushed XRP below those levels, marking its weakest daily price since mid-November 2024.
At press time, XRP had declined approximately 14% over seven days and 20% over 30 days, reducing its market capitalization to roughly $63 billion.
XRP Falls Below $1 Amid $330 Million in Crypto Liquidations
XRP's decline coincided with a sharp downturn across major cryptocurrency markets. Analysts reported more than $330 million in liquidations over a two-hour period as Bitcoin dropped below $67,000, Ethereum fell under $1,900, and Solana traded below $75.
The move toward $1 had been developing throughout the week. Bitcoin.com News previously reported that technical factors were contributing to XRP's declining price. By November 12, the token had already moved toward $1.05, while large wallets reportedly continued accumulating XRP.
Polymarket bettors had also viewed a return to the $1 level as an uncertain outcome, with market expectations approaching an even split before the latest breakdown.
XRP ETFs Mark First Anniversary With More Than 1 Billion Tokens
The price decline coincides with the first anniversary of the launch of U.S. spot XRP ETFs. On Friday, the official XRP account highlighted the milestone, noting that the first U.S. ETF holding exclusively XRP began trading one year earlier and that spot XRP funds had accumulated more than 1 billion tokens since launch.
Canary Capital's XRPC became the first fund to launch on November 13, 2025. Products from Bitwise, Franklin Templeton, 21shares, Grayscale, and REX subsequently entered the market.
Community trackers estimate that the funds collectively hold approximately 1.16 billion XRP, while other analysts place the figure closer to 1.19 billion tokens.
At the current market price, these holdings are valued at approximately $1.18 billion, broadly corresponding with the roughly $1.16 billion in net assets reported by SoSoValue. However, the figure remains below the $1.79 billion in total investor capital contributed since the ETFs launched.
XRP ETF Inflows Turn Negative in November
Despite accumulating substantial XRP holdings during their first year, the ETFs have recently experienced a reversal in investment flows. The funds have recorded no net inflows since October 29 and have registered approximately $18.6 million in net outflows during November.
The slowdown was already becoming apparent in late October, when XRP ETFs went an entire week without recording any new net inflows. The period without fresh investment has now extended beyond two weeks.
This represents a significant change from the funds' initial launch period, when cumulative inflows surpassed $1 billion within approximately one month without recording a single day of net outflows.
Rakuten Discloses Bitwise XRP ETF Investment
Institutional filings provide some insight into investors who previously gained exposure to XRP ETFs. Japanese technology conglomerate Rakuten Group filed a Form 13F with the U.S. Securities and Exchange Commission (SEC) on November 13, disclosing a position of 6,690 shares in the Bitwise XRP ETF.
The position was valued at $111,255 as of September 30 and formed part of Rakuten's broader $6.42 million portfolio of U.S. cryptocurrency ETFs.
Meanwhile, a full-text search of the SEC's EDGAR database identified 82 Form 13F filings submitted since October 1 that mention the Bitwise XRP ETF. However, these disclosures reflect holdings from an earlier reporting period and therefore do not capture the more recent ETF outflows recorded in November.
Can XRP Reclaim the $1 Price Level?
The immediate focus for XRP traders is whether the cryptocurrency can finish a daily trading session above $1. A successful recovery could suggest that the latest decline was primarily driven by forced liquidations rather than a sustained breakdown in market support.
A similar recovery occurred in August, when XRP rebounded from approximately $0.988 on August 17 to nearly $1.70 by August 22.
However, if XRP fails to recover the $1 threshold, that level could become resistance instead of support, potentially bringing the price range last seen in November 2024 back into focus.
With ETF inflows stalled, November outflows increasing, and the broader cryptocurrency market under pressure, XRP faces an important test as traders assess whether buyers can defend the psychologically significant $1 level.
source: news.bitcoin
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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