XRP Drops Below $1 as U.S. Spot ETFs Reach First Anniversary

XRPXRP-2.91% Drops Below $1 in Market-Wide Shift

On Saturday, November 14, 2026, XRP slipped to a daily low of $0.998. This marked its lowest price point since November 2024.

The fall below $1 came just one day after U.S. spot XRP exchange-traded funds (ETFs) celebrated their one-year anniversary.

This drop undercut every daily low recorded during XRP's price dip in August 2026, when prices briefly touched around $0.986.

To find a lower daily low prior to this weekend, traders have to look back to mid-November 2024, right before a rally carried XRP toward $3.65 in July 2025.

Past performance of digital assets does not guarantee future returns. Investors can view historical asset data on Bitkub XRP Market.

Wider Market Liquidations Trigger the Fall

The slide under $1 was not an isolated event for XRP. It occurred during a broader crypto market reset.

Market analytics reported over $330 million in positions liquidated across the crypto ecosystem within a short two-hour window.

During this swift move, BitcoinBTC-2.97% fell below $67,000, EtherETH-2.50% dropped beneath $1,900, and SolanaSOL-5.96% dipped under $75.

Over the past seven days, XRP has declined by roughly 14%. Over a 30-day window, it has recorded a decrease of approximately 20%.

As a result of recent price adjustments, XRP's total market capitalization has contracted to around $63 billion.

Traders had been closely watching the technical charts earlier in the week. Prediction markets on Polymarket showed an even 50/50 expectation for a $1 test as prices hovered near $1.05.

A Mixed First Birthday for U.S. Spot XRP ETFs

The market pullback occurred right on the official milestone date for institutional XRP products.

On November 13, 2025, Canary Capital launched XRPC, marking the first U.S. spot ETF dedicated solely to holding XRP.

Over the course of the year, several other major asset managers introduced similar products, including Bitwise, Franklin Templeton, 21Shares, Grayscale, and REX.

Community tracking metrics indicate that these funds currently hold between 1.16 billion and 1.19 billion XRP in total.

At current market prices near $0.99, that collective stash is valued at approximately $1.18 billion. This aligns closely with the $1.16 billion net asset value reported by tracking platform Sosovalue.

However, total cumulative investor capital deposited into these funds since launch sits around $1.79 billion. This means current paper values reflect recent market pullbacks.

ETF Capital Flows Slow Down in November

Institutional inflows into U.S. spot XRP ETFs have seen a temporary pause over the past few weeks.

Data from Sosovalue shows that U.S. spot XRP ETFs have not recorded net daily inflows since October 29, 2026.

Instead, the funds have logged roughly $18.6 million in net capital outflows during the first half of November.

This recent pause stands in contrast to the rapid adoption seen during the product line's launch phase.

When the funds debuted in late 2025, they reached over $1 billion in cumulative inflows within their first month without posting a single outflow day.

Regulatory Filings Show Institutional Holdings

While short-term flows have slowed, official regulatory disclosures show institutional participation during the third quarter.

On November 13, Japanese tech giant Rakuten Group submitted a 13F filing with the U.S. SEC.

The report revealed that as of September 30, Rakuten held 6,690 shares of the Bitwise XRP ETF, valued at $111,255.

This holding was part of Rakuten's broader $6.42 million portfolio allocated across U.S. digital asset ETFs.

Across the market, SEC database searches reveal 82 institutional 13F filings submitted since October 1 that list positions in the Bitwise XRP ETF.

It is worth remembering that quarterly 13F filings provide historical snapshots as of September 30 and do not capture daily fund flows in November.

Looking Ahead: Key Scenarios for XRP

Market analysts are evaluating how XRP might trade around the key $1.00 psychological level in the near term:

• Reclaim Scenario: If buying activity increases and daily candle closes move back above $1.00, the weekend move could function as a short-term liquidation flush. A similar pattern was observed in August 2026, when XRP moved from $0.988 up to $1.70 within five days. However, past market moves do not guarantee future price action.
• Resistance Scenario: If price action remains below $1.00 and selling pressure continues, the $1 mark could act as an overhead resistance zone. Under this condition, price discovery might test support ranges from late 2024.

Digital asset markets experience frequent fluctuations, so investors should stay informed on broader macroeconomic conditions and asset-specific risks.

Ecosystem Update: Utility on XRP Ledger

Alongside market updates, technical development on the underlying ledger continues to expand.

Data from ecosystem directory t54 indicates that automated AI agents can now purchase over 5,400 services directly on the XRP Ledger.

The platform's growing directory connects automated software tools across more than 190 participating merchants, pointing to ongoing experimentation in micro-payments and automated transactions.