• Canary's XRPC fund logged a $529,500 net outflow on November 2, the week's only XRP ETF movement.
• US spot XRP ETFs recorded zero net flows on November 3, 4, 5 and 6.
• XRP ETF net assets fell to $1.34 billion from $1.425 billion, about 1.82% of market cap.
One Outflow, Four Flat Days
Canary's XRP exchange-traded fund produced the only flow of the week in the US spot XRP ETF market, and it ran the wrong way: a net outflow of $529,500 on Monday, November 2. Flows data shows every fund in the category recorded zero net activity on November 3, 4, 5 and 6, which leaves Canary's XRPC as the sole product to register any movement since the week began. Zero-flow days mean no creations and no redemptions moved through the products, so the demand channel went silent rather than negative; one modest outflow spread across five sessions reads as a stall, not an exodus. The category's cumulative net inflow still stands at $1.81 billion, but total net assets have slipped to $1.34 billion, down from the $1.425 billion reported earlier in the week. Those two numbers measure different things: cumulative inflows count only money that actually entered, while net assets mark that money to the market, and the token's slide pulled the second number down with the first one frozen. The XRP price dipped to roughly $1.16 before recovering to trade near $1.17 at the time of writing, down 2.4% over 24 hours and about 7% on the week, on 24-hour volume near $1.2 billion. Net assets now equal about 1.82% of XRP's market cap, which our live figures put at $74.35 billion, a small but visible holder base whose five-day silence drew as much attention as the outflow itself.
With the fund channel silent, the shorter-term story rests on levels and positioning, and our readings show a thin cushion. COINOTAG's composite scoring puts the strongest support at $1.1395, rated 93 out of 100, and the strongest resistance at $1.2524, rated 90 out of 100, drawing on inputs that range from pivot points and Bollinger Bands to swing structure. The token trades in a confirmed downtrend with a 14-day RSI near 32. Positioning leans one way: the perpetual funding rate prints 0.0070%, while the long/short account ratio stands at 3.22, leaving roughly 76% of accounts long into a falling tape. That mix, crowded longs under bearish momentum, is the setup that preceded the recent five-day liquidation cascade. A sustained break of $1.2524, or a loss of $1.1395, would settle which side gives first.
418.5 Million XRP Leaves Binance
An exchange-traded channel that spent months absorbing money has not wound down quietly elsewhere, and the contrast frames how unusual this week's stillness is. Through early October, XRP ETFs had posted 12 consecutive weeks of inflows, with September alone drawing $121.4 million; October collapsed to $18.8 million, and this week extended the fade to its natural end at zero. Peers offer no comfort: on Friday, November 6, the Solana ETF shed $25.08 million and the Hyperliquid HYPE fund $7.96 million, while the Zcash ZEC product was the only Altcoin ETF fund to attract fresh money. Bitcoin funds had a rougher stretch still, with US spot Bitcoin ETFs bleeding a combined $1.28 billion for the week, the largest weekly outflow in 19 weeks. Blockchain data shows a more active story underneath. On November 4, 418.5 million XRP left Binance, the exchange's largest single-day outflow in nine months, and a heavier day than October 29, when 315 million XRP moved out on the day the venue suffered a $6.3 billion hack. Such outflows pushed an exchange-scarcity gauge to a four-year high, and the number of wallets holding at least 1 million XRP has climbed to its highest count of 2026. One wallet alone shifted 140.35 million XRP, worth about $167.8 million, to an unknown address on Friday, per a post tracking the transfer. Coins moving off an exchange reduce the part of the circulating supply held where it can be sold quickly, but the shift does not guarantee a price lift, and some of it may be internal Binance transfers rather than true withdrawals. The market is therefore split: large holders are consolidating coins into storage while the regulated products that supplied steady demand for most of the year have stopped growing. Until one side gives way, the token's tape likely stays heavy. The weekly flow figure itself is netted, and the split between creations and redemptions behind the $529,500 is not disclosed.
