Why Is XRP Dropping So Much? ETF Outflows, Levels & Risks
Six forces behind the XRP drop
| Driver | Evidence | How much it matters |
|---|---|---|
| Spot ETF outflows | About $10.4M net outflows on Nov 9; one issuer made up roughly 90% of the exit. | High for sentiment, small in size: under 1% of the funds' combined assets. |
| Crowded leveraged longs | 30-day cumulative funding near 0.18%, the highest since Oct 2025; open interest fell from about 512M to 453M XRP since mid-October. | High. Forced long exits speed up every leg down. |
| Broken trend structure | Price below the 20-day ($1.22), 50-day ($1.29) and 200-day ($1.35) EMAs and under the lower Bollinger Band. | Medium to high. Trend funds and stop-losses sell below these lines. |
| Insider sale headlines | Former Ripple CTO said his XRP fell from about 26M to about 3M; the sales happened over years, not this week. | Medium. Hurts confidence more than it adds new supply today. |
| Hawkish rate backdrop | Markets are pricing the risk that the Fed's next move is a hike, which drains appetite for high-beta assets. | Medium. Hits all altcoins, not only XRP. |
| Stalled market-structure bill | The CLARITY Act cloture motion failed 49 to 50 in the Senate on Sept 15, 2026. | Medium. Removed a catalyst bulls had priced in. |
Why Is XRP Dropping So Much? The Six Forces Behind the Slide
XRP traded near $1.06 on Nov 11, 2026, about 25% lower in a month and more than 58% below a year earlier. Here is what is driving the drop, which numbers matter, and the levels traders are watching next.
The short answer
XRP is dropping because several pressures hit at once rather than one single piece of bad news. Spot XRP ETFs saw about $10.4 million of net outflows on Nov 9, the largest single-day exit since March. Price then broke below its 20-day, 50-day and 200-day averages, which pushed trend-following sellers out as well.
At the same time, many traders kept leveraged long bets open. The 30-day cumulative funding rate on a major exchange reached about 0.18%, its highest since October 2025, which means longs were paying to stay in a falling market. When those positions get squeezed, they add more selling.
Sentiment took another hit when former Ripple CTO David Schwartz said his XRP holdings had fallen from about 26 million to about 3 million over the years. Add a hawkish rate backdrop and the stalled CLARITY Act, and you get a market with few fresh buyers and plenty of reasons to sell.
XRP drop by the numbers
| Metric | Reading | What it tells you |
|---|---|---|
| Spot price (Nov 11) | About $1.05 to $1.06 | Intraday low near $1.03 after trading above $1.10 earlier. |
| 24-hour change | Down about 3% | 24-hour range of $1.04 to $1.08. |
| 7-day change | Down about 15% to 19% | The steepest weekly fall in months. |
| 30-day change | Down nearly 25% | Most of August's 37% rally has been given back. |
| 1-year change | Down more than 58% | Long-term holders are deep underwater. |
| 14-day RSI | About 23.8 | Oversold below 30, which often comes before a bounce but does not guarantee one. |
| ETF cumulative inflows | Above $1.66B | One bad day of outflows does not erase the longer-term inflow trend. |
What is not causing the drop
It is not a new 23-million-XRP dump. The Schwartz figures describe how his holdings shrank over several years, including about 2.5 million XRP sold in 2025. The headline moved sentiment, but it did not put 23 million new coins on the market this week.
It is not an ETF exodus either. The Nov 9 outflow was the biggest single day since March, yet it was under 1% of the funds' assets, and cumulative inflows still sit above $1.66 billion. Watch whether outflows repeat for several days before treating them as a trend.
And it is not proof that the XRP Ledger or Ripple's payments business broke. Nothing in the latest data points to a network failure. This is a price and positioning problem, which is why the levels and flows below matter more than any single headline.
XRP price levels to watch
| Level | Why it matters | What to watch |
|---|---|---|
| $1.35 | 200-day EMA, the long-term trend line | A daily close back above it would signal the downtrend is over. |
| $1.08 to $1.10 | First resistance zone, where price broke down | Rejection here means sellers still control the bounce. |
| $1.05 | Immediate support | Holding it on rising volume would be the first sign of stabilizing. |
| $1.03 to $1.04 | Recent low zone | A clean break opens the way to the round number. |
| $1.00 | Psychological floor | Expect heavy stop-losses and headlines if it breaks. |
| About $0.98 and $0.67 | Levels some traders cite as accumulation zones | Treat them as opinions, not support that is guaranteed to hold. |
Safety checklist before you buy the dip
| Step | How | Why |
|---|---|---|
| Size the position | Risk only what you could lose another 30% on without selling. | XRP has already fallen 25% in a month; volatility is not over. |
| Skip leverage | Use spot, not futures, while funding stays elevated. | Crowded longs are exactly what gets liquidated in a slide. |
| Wait for a signal | Look for a daily close back above $1.10 or a higher low above $1.03. | Oversold can stay oversold; confirmation beats guessing a bottom. |
| Track ETF flows | Check daily spot XRP ETF flows for three straight days. | Repeated outflows show institutions are leaving, not just rebalancing. |
| Watch the Fed | Mark the next FOMC date and inflation releases on your calendar. | A hawkish surprise hits altcoins harder than bitcoin. |
| Protect your keys | Keep long-term XRP in a wallet you control, not on a leveraged exchange account. | Exchange stress tends to show up during sell-offs. |
Related research on gemral.com
| Page | What it covers |
|---|---|
| XRP price forecast 2027 | Bank and analyst targets, scenarios and the triggers that decide them. |
| Solana and XRP ETF radar | How the spot ETF approvals happened and what they changed. |
| Solana and XRP ETF inflow calculator | Model how much ETF money a price recovery would need. |
| Ripple RLUSD and the XRP Ledger rail | The payments use case behind the long-term XRP thesis. |
| ChatGPT Business Hub and AI stocks | The AI stock sell-off that set the tone for crypto risk appetite. |
| Free crypto pattern scanner | Scan XRP for support, resistance and breakout patterns. |
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Upgrade to Gemral Edge Pro ($39/mo)Frequently asked questions
Why is XRP dropping so much right now?
A mix of spot ETF outflows, crowded leveraged longs being squeezed, a break below key moving averages, insider-sale headlines, a hawkish rate backdrop and the stalled CLARITY Act. Together they pushed XRP to about $1.06 on Nov 11, 2026, down nearly 25% in a month.
Did David Schwartz dump 23 million XRP?
No. He said his XRP holdings fell from about 26 million to about 3 million over years, with about 2.5 million sold in 2025. It hurt confidence, but it was not a fresh 23-million-coin sale this week.
Is XRP oversold?
By the 14-day RSI, yes: it read about 23.8 on Nov 11, below the 30 threshold. Oversold readings often come before relief bounces, but they can last for weeks in a strong downtrend, so wait for price confirmation.
Will XRP fall below $1?
It is possible. Immediate support sits at $1.05 and $1.03 to $1.04. If those break, $1.00 is the next psychological level. No one can promise it holds, so size positions as if it might not.
What would make XRP stop falling?
Several days of ETF inflows, funding rates cooling as leverage resets, and a daily close back above $1.08 to $1.10. A friendlier Fed outlook or new progress on the CLARITY Act would add fuel.
Is this page financial advice?
No. It summarizes public market data so you can judge the risks yourself. Crypto is volatile, and no level or forecast is guaranteed.
Risk Disclaimer
Trading and investing in digital assets, financial instruments, and predictive events involve substantial risk of loss and are not suitable for every investor. The predictive intelligence, probability distributions, historical precedents, and scenario modeling presented on this page are compiled for informational and research purposes only and do not constitute financial, investment, legal, or tax advice. Past performance and statistical precedents do not guarantee future outcomes. Always conduct independent due diligence before committing capital.