$XRP is sitting at $1.09, and Polymarket gives it a 49% chance of touching $1 before November is out.
A coin flip, priced on a coin.
A month ago it was about $1.52. Most of Sunday's drop came in a single hour, during the same flush that wiped out over $1B in leveraged positions across crypto, mostly longs.
Ran the distance. From here, $1 is about 8% lower. The $3.66 record from July 2025 is over 3x higher, which is the polite way of saying XRP trades about 70% under its top.
The spot ETFs didn't step in. Zero net flows from Nov 3 to Nov 6, and the funds hold about $1.34B, under 2% of XRP's market cap. Too small to be anyone's floor.
XRP last broke $1 in mid-August and bounced. US inflation data lands Tuesday, and $1 is close enough to hear it.
#XRP #Polymarket
NFA. DYOR.
A coin flip, priced on a coin.
A month ago it was about $1.52. Most of Sunday's drop came in a single hour, during the same flush that wiped out over $1B in leveraged positions across crypto, mostly longs.
Ran the distance. From here, $1 is about 8% lower. The $3.66 record from July 2025 is over 3x higher, which is the polite way of saying XRP trades about 70% under its top.
The spot ETFs didn't step in. Zero net flows from Nov 3 to Nov 6, and the funds hold about $1.34B, under 2% of XRP's market cap. Too small to be anyone's floor.
XRP last broke $1 in mid-August and bounced. US inflation data lands Tuesday, and $1 is close enough to hear it.
#XRP #Polymarket
NFA. DYOR.
