$XRP has now fallen for 10 straight days: it was still at $1.30 on November 5, and now it’s at $0.914—a drop of nearly 30% in 10 days.
It’s already down 26% this month. According to CryptoRank data, this is $XRP ’s worst-performing November since records began in 2013, even worse than the 23.3% drop in November 2019.
What’s interesting, though, is that $XRP spot ETFs saw outflows of just $19.1 million last week, compared with $1.07 billion in outflows from $BTC over the same period. Institutional investors haven’t been selling that aggressively; it’s mostly retail investors panic-selling all the way down.
$XRP is now back around where it was two years ago. The $0.90 range is a familiar level it’s tested repeatedly this year. Whether it can hold depends on whether $BTC can defend the $66,000 level.
#CryptoAnalysis
When a coin falls for 10 straight days, are you more tempted to buy the dip, or more reluctant to touch it?
It’s already down 26% this month. According to CryptoRank data, this is $XRP ’s worst-performing November since records began in 2013, even worse than the 23.3% drop in November 2019.
What’s interesting, though, is that $XRP spot ETFs saw outflows of just $19.1 million last week, compared with $1.07 billion in outflows from $BTC over the same period. Institutional investors haven’t been selling that aggressively; it’s mostly retail investors panic-selling all the way down.
$XRP is now back around where it was two years ago. The $0.90 range is a familiar level it’s tested repeatedly this year. Whether it can hold depends on whether $BTC can defend the $66,000 level.
#CryptoAnalysis
When a coin falls for 10 straight days, are you more tempted to buy the dip, or more reluctant to touch it?