XRP Holds Support Above $0.90 Despite Nine Red Days

XRPXRP-0.50% Drops Below $1 After Nine Consecutive Red Days

If you have been monitoring cryptocurrency charts recently, you might have noticed that XRP has experienced a difficult streak. On Friday, the token dipped below the $1 threshold for the first time since mid-August, hitting a low of $0.9974. This move marked nine consecutive trading days of negative closes for the asset.

To put the price movement into perspective, XRP traded at $1.30 at the beginning of November. Back in autumn, the token reached a peak near $1.60. Since that high point, XRP has declined by almost 38%. By Saturday, the price recovered slightly to trade around $1.025. Please note that past performance of digital assets is not an indicator of future returns.

Why Bollinger Bands Suggest XRP Is Not in Free Fall

Experiencing nine straight days of price declines can seem concerning at first glance. However, looking at long-term technical indicators offers a broader perspective. Analysts frequently use Bollinger Bands on price charts to measure asset volatility and identify potential support levels.

Think of Bollinger Bands as flexible boundaries that outline a asset's typical trading range. On the weekly XRP price chart, the lower weekly Bollinger Band currently sits at $0.90. Because XRP is still trading above this level, the indicator suggests that the asset has not broken out of its weekly technical range and is not in a technical free fall.

Macroeconomic Pressures Impacting the Wider Market

The price pullback in XRP does not exist in isolation. It coincided with broader market pullbacks across traditional technology stocks and major cryptocurrencies.

• Tech Stock Pressure: U.S. tech stocks experienced a sell-off following the resignation of Jensen Huang as Nvidia CEO.
• Interest Rate Expectations: Data from CME FedWatch indicates that traders are betting on a potential December Federal Reserve rate hike following the release of October U.S. inflation data.
• Wider Crypto Declines: Bitcoin (BTCBTC-1.84%) dropped below $70,000 on Friday, causing many altcoins to pull back as well.
• Sector Performances: While some assets like HyperliquidHYPE-3.89% recorded growth and StellarXLM+1.41% avoided heavy sell-offs, overall market sentiment remained cautious.

Spot XRP ETFs Record Net Capital Outflows

Institutional financial products also reflected the cautious mood in the market this week. U.S. spot XRP exchange-traded funds (ETFs) experienced net capital outflows according to data from SoSoValue.

• Nov. 9: Net outflows of $10.42 million
• Nov. 10: Net outflows of $7.62 million
• Nov. 11 & Nov. 12: Zero net capital flows
• Nov. 13: Cumulative net outflows for the week reached $18.04 million

Due to these capital shifts, the total net assets of spot XRP ETFs decreased to $1.16 billion as of Nov. 12, compared to $1.51 billion recorded on Oct. 28. Despite the recent weekly outflows, cumulative net inflows for these funds stand at $1.79 billion since launch. The Bitwise XRP ETF remains the largest among the five funds, holding $420.29 million in net assets.

Institutional ETF flows can fluctuate rapidly based on broader economic conditions and market sentiment.

Large XRP Holders Reach New Highs in 2026

While institutional ETF flows saw net reductions, data from on-chain analytics firm Santiment shows that large wallet holders—commonly referred to as 'whales'—have continued to accumulate tokens.

• Wallets holding at least 10,000 XRP increased by 2,260 over the past 30 days.
• Wallets holding 1 million XRP or more reached 2,147 as of Nov. 13.
• This total of 1-million-plus XRP wallets represents the highest level recorded in 2026.

Before this week, the last time XRP traded below the $1 mark was on Aug. 14, when the price fell to $0.986. While wallet accumulation provides insight into investor activity, digital assets remain subject to market volatility, and market conditions can change quickly.