XRP price falls to $1.06 as ETF outflows and bearish momentum weigh

cryptonews11-11 13:04

XRP price has fallen more than 3% over the past 24 hours to around $1.06 on November 11, as the cryptocurrency continues to struggle with selling pressure, ETF withdrawals and weak market sentiment. ...

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The token was down 15.4% over the past seven days, while its monthly losses reached nearly 25%, leaving it more ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPT":"2倍杠杆XRP ETF-Volatility Shares","BK4588":"碎股","XRPZ":"Franklin XRP ETF","OCCIM":"OFS Credit Corporation Series F Preferred","UXRP":"Proshares Ultra XRP ETF","XXRP":"2倍做多XRP ETF-Teucrium","XRPK":"T-REX 2x Long XRP Daily Target ETF","XRP":"Bitwise XRP ETF","BK4135":"资产管理与托管银行","BITW":"Bitwise 10 Crypto Index ETF","XRPC":"Canary XRP ETF","BK4550":"红杉资本持仓","BK4585":"ETF&股票定投概念","XRPI":"1倍XRP ETF-Volatility Shares","XRPM":"Amplify XRP 3% Monthly Premium Income ETF","TOXR":"21shares XRP ETF","FDN":"First Trust Dow Jones Internet I","GXRP":"Grayscale XRP Trust ETF","XRPR":"REX-OSPREY XRP ETF"},"translate_title":"由于 ETF 流出和看跌势头造成压力，XRP 价格跌至 1.06 美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UXRP":1.5,"XXRP":1.5,"XRPC":1.5,"GXRP":1.5,"TOXR":1.5,"OCCIM":1.5,"XRPT":1.5,"XRPR":0.6,"XRP":1.5,"XRPK":0.6,"XRPZ":1.5,"FDN":1.5,"XRPM":1.5,"XRPI":1.5,"BITW":1.5},"content_text":"XRP price has fallen more than 3% over the past 24 hours to around $1.06 on November 11, as the cryptocurrency continues to struggle with selling pressure, ETF withdrawals and weak market sentiment.\n\n\nSummary\n\n\n\nXRP price fell over 3% to around $1.06 on November 11, bringing its weekly losses to 15.4% and its monthly decline to nearly 25%.\nUS spot XRP ETFs recorded approximately $10.42 million in net outflows, with Bitwise accounting for around $9.4 million of the withdrawals.\nBinance traders continued to favor bullish positions despite the decline, as XRP’s cumulative funding rate reached its highest level in more than a year.\nTechnical indicators remained bearish, with the RSI at 23.77 and the MACD in negative territory, while XRP traded below its major moving averages.\nThe $1.05 level remains the immediate support to watch, with a further decline potentially exposing the psychological $1 level.\n\n\n\nAccording to crypto.news data, XRP dropped to an intraday low near $1.03 after trading above $1.10 earlier in the session. The token was down 15.4% over the past seven days, while its monthly losses reached nearly 25%, leaving it more than 58% below its price a year ago.\nThe latest decline comes as traders on Binance continue to favor bullish positions despite XRP’s prolonged correction, while institutional investors have recently withdrawn money from US spot XRP exchange-traded funds.\nWhy is XRP price falling today?\nOne of the main concerns for XRP investors has been the recent withdrawal of capital from spot ETFs, which recorded $10.42 million in net outflows on November 9, according to SoSoValue data.\nBitwise’s XRP ETF accounted for approximately $9.4 million of those withdrawals, representing roughly 90% of the daily total. Canary Capital’s XRPC lost another $811,440, while the 21Shares TOXR fund recorded around $212,900 in outflows.\nThe withdrawals were the largest single-day outflow since March, although they represented less than 1% of the funds’ combined assets.\nXRP has struggled to maintain its earlier momentum despite the growth of regulated investment products over recent months.\nBack in August, spot XRP ETFs attracted $110.49 million during the final week of the month, helping cumulative inflows exceed $1.66 billion. The cryptocurrency gained 37% that month, its strongest monthly performance of 2026.\nThe recent weakness has reversed much of that recovery, with XRP now trading considerably below the levels reached during the late-summer rally.\nBinance traders remain bullish despite XRP losses\nThe derivatives market has presented a different picture, with Binance traders continuing to hold bullish positions even as XRP loses value.\nIn a November 10 assessment, CryptoQuant analyst Darkfost said the rolling 30-day cumulative funding rate for XRP perpetual futures on Binance had reached approximately 0.18%, its highest reading since October 2025.\n\n🗞️ XRP funding rates on Binance hit a 1Y high while spot ETFs see $10.4M in net outflowsFunding rates for ripple:native perpetual futures on Binance have reached their highest level in more than a year. The last time rates were this high was in October 2025, a few months after… pic.twitter.com/ZZte6Vfud4— Darkfost (@Darkfost_Coc) November 10, 2026\n\nAs crypto.news previously reported, the reading came despite XRP undergoing a correction of roughly 30% from its previous highs.\nPositive funding rates generally mean traders holding long positions are paying short sellers to maintain their positions. Darkfost warned that unusually elevated funding rates have historically appeared near local XRP price peaks.\nAnother CryptoQuant analyst, Amr Taha, reported that XRP’s seven-day average spot trading volume climbed 53.2%, from $513 million on October 28 to $786 million by November 9.\nThe rise in trading activity coincided with falling prices, although higher volume alone does not establish whether investors are accumulating tokens or selling their holdings.\nXRP’s 30-day average open interest on Binance reportedly declined from approximately 512 million to 453 million XRP since mid-October, indicating that outstanding futures positions had decreased during the correction.\nMeanwhile, cryptocurrency trader BangXBT offered a different view of XRP’s drop in a November 10 post on X.\n“XRP is probably a classic example of accumulation,” the trader wrote, warning investors against chasing price rallies driven by fear of missing out.\nBangXBT identified $0.9763 as an observation level and $0.6732 as a possible lower buying zone, suggesting that further downside could present opportunities for traders waiting to enter at lower prices.\nXRP price analysis: Can $1.05 support hold?\nOn the technical front, XRP has continued forming lower highs and lower lows, with several attempts to recover above $1.08 failing during the past 24 hours.\nThe cryptocurrency briefly rebounded towards $1.07 after touching approximately $1.035, but buyers struggled to maintain that recovery.\nThe $1.05 level now serves as immediate support, followed by the 1.03–1.04 region where the latest rebound began.\nA move below that area would bring the psychological $1 level into focus, while a recovery above $1.07 could allow XRP to retest resistance between $1.08 and $1.10.\nXRP’s daily relative strength index recently approached 25, indicating oversold conditions, while the token continued trading below its major daily exponential moving averages.\nThe 14-day relative strength index stood at 23.77, well below the oversold threshold of 30, while the MACD remained in negative territory at -0.0648, with its signal line at -0.0474. The negative MACD histogram of -0.0174 suggested that bearish momentum was still present despite the oversold RSI reading.\nXRP was trading below its 20-day, 50-day and 200-day exponential moving averages at $1.22, $1.29 and $1.35, respectively. The price had also slipped below the lower Bollinger Band at $1.08, while the Williams %R reading of -93.08 and stochastic oscillator at 5.36 indicated heavily oversold conditions\nDespite the oversold readings, XRP has yet to show a sustained recovery, with the MACD and moving averages continuing to favor sellers. A break below the recent low near $1.03 could put $1 back in focus, while buyers would need to reclaim the $1.08–$1.10 range to challenge the current bearish trend.\n\n\n  \n\n            Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.        \n\n\n\n\n\n\n                Read more:\n            \n\n                XRP funding rates hit one-year high on Binance as ETFs lose $10.4M","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.53.0","shortVersion":"4.53.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2682617322","isCrawlerRequest":true}