Briefly: $XRP fell below $1 overnight on Binance, hitting a low of $0.9975 on the 03:00 UTC candle. The first time since August 19. By 14:50 UTC, it had recovered to $1.033.
On Monday, I asked here: there was about 8% left before the dollar mark. Four days was all it took. Let’s take a quick look back at why this level matters so much.
August 10–19: XRP hovered around $1 for ten sessions. Two daily closes below it ($0.9996 on the 14th, $0.9936 on the 16th), and Binance’s yearly low of $0.9862 on August 14.
August 19–22: a sharp rally to $1.6999, or +72% in eight days.
November 4: high of $1.3414. Since then, down 23% to the current price.
November 13: $0.9975, with $17.5M in spot volume over one hour—about three times the pace of the other hours of the day.
On the derivatives side, open interest in the XRPUSDT perpetual contract on Binance Futures has fallen from 343.7 to 293.9 million XRP since November 4 (-14.5%). But 75% of accounts are still positioned long, and funding is at +0.01%. Leverage has declined, but it hasn’t disappeared. Add around $18M in outflows from U.S. spot XRP ETFs on November 9 and 10 (CryptoCompass), and a $BTC below $69,000, and the backdrop is much less favorable than it was in August.
My take: the wick doesn’t say much as long as the daily close (00:00 UTC) stays above $1. The real threshold is $0.9862. A close below that would mark a new 2026 low on Binance, and the August scenario would be off the table. Conversely, reclaiming $1.061 (the November 12 high) and then $1.106 (the November 10 high) would show that August’s buyers are still around.
In August, buying below $1 returned +72% in eight days. Would you make that bet again this time, or do the strong dollar and ETF outflows change the picture?
#XRP #Crypto
Sources: Binance XRPUSDT spot and Futures APIs (November 13, 14:50 UTC), CryptoCompass (XRP ETF flows, November 13). Not financial advice.
On Monday, I asked here: there was about 8% left before the dollar mark. Four days was all it took. Let’s take a quick look back at why this level matters so much.
August 10–19: XRP hovered around $1 for ten sessions. Two daily closes below it ($0.9996 on the 14th, $0.9936 on the 16th), and Binance’s yearly low of $0.9862 on August 14.
August 19–22: a sharp rally to $1.6999, or +72% in eight days.
November 4: high of $1.3414. Since then, down 23% to the current price.
November 13: $0.9975, with $17.5M in spot volume over one hour—about three times the pace of the other hours of the day.
On the derivatives side, open interest in the XRPUSDT perpetual contract on Binance Futures has fallen from 343.7 to 293.9 million XRP since November 4 (-14.5%). But 75% of accounts are still positioned long, and funding is at +0.01%. Leverage has declined, but it hasn’t disappeared. Add around $18M in outflows from U.S. spot XRP ETFs on November 9 and 10 (CryptoCompass), and a $BTC below $69,000, and the backdrop is much less favorable than it was in August.
My take: the wick doesn’t say much as long as the daily close (00:00 UTC) stays above $1. The real threshold is $0.9862. A close below that would mark a new 2026 low on Binance, and the August scenario would be off the table. Conversely, reclaiming $1.061 (the November 12 high) and then $1.106 (the November 10 high) would show that August’s buyers are still around.
In August, buying below $1 returned +72% in eight days. Would you make that bet again this time, or do the strong dollar and ETF outflows change the picture?
#XRP #Crypto
Sources: Binance XRPUSDT spot and Futures APIs (November 13, 14:50 UTC), CryptoCompass (XRP ETF flows, November 13). Not financial advice.
