XRP ETF Outflows Hit 8-Month High Near $0.99 Level

Spot XRP ETFs Record Largest Weekly Outflows in 8 Months

Have you been keeping an eye on institutional crypto flows lately? If so, you might have noticed some significant movement around RippleXRP-2.45%'s native token, XRP. For the week ending November 13, United States spot XRP exchange-traded funds (ETFs) experienced net redemptions totaling $19.13 million. This marks the largest single-week capital outflow these funds have seen in eight months.

To make sense of what an ETF outflow actually is, think of an ETF as a basket of assets traded on regular stock exchanges. When investors sell their shares in a spot XRP ETF, the fund manager often sells the underlying cryptocurrency to balance the fund. This week's drop marks the second straight week where more capital left these funds than entered them.

Coinciding with these ETF redemptions, XRP's market price pulled back below the psychological $1.00 threshold. Data from analytics platform CryptoRank reveals that XRP has declined by approximately 20% so far in November, creating a challenging environment for traders and long-term observers alike.

Inside the Numbers: How the Outflows Unfolded

Looking closer at the daily data provided by SoSoValue reveals that the vast majority of institutional selling occurred during the early part of the trading week. Rather than a steady trickle, two specific trading sessions carried the heaviest load.

• November 9: Funds logged $10.42 million in net outflows, representing the single largest daily withdrawal recorded since early March.
• November 10: Another $7.62 million left the funds as market sentiment remained cautious.
• Mid-to-Late Week: Capital flows briefly stabilized with minimal activity before a minor outflow of $1.09 million on Friday.

Put into historical perspective, only three other weekly periods since spot XRP ETFs launched back in November 2025 have witnessed larger overall redemptions. Those occurred during the weeks ending January 23, January 30, and March 13.

Crucially, XRP was not alone in experiencing selling pressure. The broader cryptocurrency ETF market witnessed massive redemptions totaling $1.48 billion between November 4 and November 10, highlighting a macro shift in investor appetite across multiple digital asset products.

Price Depreciation vs. Direct Withdrawals

When examining ETF health, total net assets under management (AUM) give us a clearer picture of market dynamics. Over the course of just seven days, total net assets held by spot XRP ETFs dropped by 14%, declining from approximately $1.341 billion down to $1.15 billion. That represents a total asset value loss of about $191 million.

Here is an important distinction to understand: of that $191 million total drop in asset value, direct fund redemptions (withdrawals) accounted for only about $19 million. The remaining loss of roughly $172 million was driven primarily by the falling market price of XRP itself.

In simple terms, while some institutional investors were exiting their positions, the decline in the value of the XRP held inside the fund did far more damage to overall asset totals than the physical withdrawals did.

Technical Breakdown: Can the $0.99 Floor Hold?

According to market price data from BeInCrypto Markets, XRP traded around $0.9947 at the time of writing, recording a 14.88% weekly decline. This current level leaves the token approximately 73% below its all-time high of $3.65, which was achieved on July 17, 2025.

From a technical analysis perspective, chartists highlight $0.99 as a key level to watch. This price point forms the lower boundary of a falling price channel that has defined XRP's downward movement over recent weeks.

When evaluating potential future price movements, it is important to analyze both downside risks and upside conditions:

• Bearish Scenario: If selling volume accelerates and broader crypto market conditions stay weak, a decisive breakdown below the $0.99 floor could open support near $0.97. If that zone fails to hold, secondary support rests between $0.93 and $0.96, with extended selling pressure potentially testing $0.80 (a further ~20% drop from current levels).
• Bullish Scenario: Conversely, if buyer volume rebounds and broader market sentiment improves, XRP would first need to clear resistance in the $1.09 to $1.11 range before attempting a broader recovery.

Keep in mind that technical patterns and support levels reflect historical trading behavior and do not guarantee future performance. Crypto assets experience high price volatility.

Seasonality Check: What Does December Historical Data Show?

Traders often look to historical seasonality to gauge end-of-year trends. However, CryptoRank historical data indicates that December has rarely provided relief after a negative November for XRP.

Between 2013 and 2025 (a 13-year period), XRP closed November in negative territory during 7 separate years. In 6 out of those 7 years, December followed suit and closed lower as well.

• The 2015 Exception: The only year December bucked the negative November trend was in 2015, when XRP rallied 43.8% in December despite a weak November.
• The 2025 Comparison: During the previous calendar year (2025), XRP declined 13.8% in November, followed by an additional 14.8% drop in December.
• Historical Context: If November closes near its current 20% loss, it will mark one of the softest Novembers on record for XRP, second only to November 2019's 23.3% decline.

Past performance of digital assets or financial products does not guarantee future results. Historical seasonal patterns may change based on evolving market structures, institutional flows, and macroeconomic conditions.

What This Means for ETF Investors Moving Forward

Since the launch of spot XRP ETFs, cumulative net inflows into these products have reached $1.79 billion. However, due to recent market declines, the total value of assets managed by these funds now stands at $1.15 billion.

This gap illustrates how asset price fluctuations can affect overall fund valuation over time. As December approaches, market participants will be watching whether the $0.99 support level holds or whether broader crypto market trends will dictate the path ahead.

Staying informed and understanding market risks are essential for evaluating digital asset trends. You can check real-time market data on platforms like bitkub.com/th/market/XRP.