XRP loses $1 — and for the first time in two years, it has also lost its top-five spot.
Facts: XRP is trading at around 0.957 this afternoon, still below $1 despite bouncing about 7% from its early-morning low of around 0.893 (MEXC data). According to CoinDesk (Nov. 15), this is XRP’s lowest level since November 2024. CoinMarketCap data cited by The Currency Analytics (Nov. 15) ranks XRP sixth by market capitalization, below USDC, with a value of around $62.72 billion. This is XRP’s ninth consecutive day of declines since Nov. 5 — down about 18% in a week and 20% so far in November. U.S. spot XRP ETFs recorded net outflows of $19.1 million for the week of Nov. 9–13 (BeInCrypto).
My take: The $1 mark is psychological, but what matters more is why this is happening: it’s not one bad piece of news from Ripple, but institutional outflows and shrinking liquidity weighing on the entire market. This morning’s bounce hasn’t reclaimed $1 — until there’s a daily close above $1, I’d read this as continued pressure, not a recovery.
What I’m watching: whether XRP can reclaim $1 before today’s close, and whether XRP ETF outflows stop next week.
Do you think losing its top-five spot is just a matter of rankings, or a sign that institutional demand for XRP is actually waning?
This is my analysis, not financial advice — always DYOR.
#XRP #Altcoin $XRP
Facts: XRP is trading at around 0.957 this afternoon, still below $1 despite bouncing about 7% from its early-morning low of around 0.893 (MEXC data). According to CoinDesk (Nov. 15), this is XRP’s lowest level since November 2024. CoinMarketCap data cited by The Currency Analytics (Nov. 15) ranks XRP sixth by market capitalization, below USDC, with a value of around $62.72 billion. This is XRP’s ninth consecutive day of declines since Nov. 5 — down about 18% in a week and 20% so far in November. U.S. spot XRP ETFs recorded net outflows of $19.1 million for the week of Nov. 9–13 (BeInCrypto).
My take: The $1 mark is psychological, but what matters more is why this is happening: it’s not one bad piece of news from Ripple, but institutional outflows and shrinking liquidity weighing on the entire market. This morning’s bounce hasn’t reclaimed $1 — until there’s a daily close above $1, I’d read this as continued pressure, not a recovery.
What I’m watching: whether XRP can reclaim $1 before today’s close, and whether XRP ETF outflows stop next week.
Do you think losing its top-five spot is just a matter of rankings, or a sign that institutional demand for XRP is actually waning?
This is my analysis, not financial advice — always DYOR.
#XRP #Altcoin $XRP