XRP fell to around $1.10 on Monday as another wave of cryptocurrency selling pushed the token to its lowest levels in months, even as some large wallets appeared to increase their holdings.
The cryptocurrency traded around $1.10 by 05:37 GMT, down about 5.5% over 24 hours. It had lost roughly 11% over the previous week.
US spot XRP exchange-traded funds recorded no positive net inflows last week , while reported whale accumulation reached 16.46 million tokens.
The opposing signals leave investors weighing whether buyers are emerging beneath the selloff or whether XRP faces another slide towards $1.
Why XRP is falling as leveraged traders retreat
XRP’s slide followed a wider crypto and technology selloff. Bitcoin fell towards $74,000 as doubts about AI spending and possible US regulation dampened risk appetite.
The token has broken below $1.20 and several important moving averages. That has left leveraged bullish traders exposed to price swings.
One early Monday snapshot put XRP derivatives liquidations at $23.64 million over 24 hours, with roughly 97% involving long positions.
Futures open interest also declined, indicating that leveraged exposure was being reduced.
Liquidations can reinforce falling prices because exchanges automatically close positions when traders lack sufficient collateral. That does not necessarily mean the forced sales caused the initial decline.
CryptoQuant analyst Darkfost reported that 418.5 million XRP left Binance on November 4, its largest daily withdrawal in nine months.
Such movements “do not guarantee an upward move”, he wrote on CryptoQuant, noting that internal transfers could be involved.
The outflow therefore offers evidence of shifting custody, not proof that investors purchased every withdrawn token.
ETF inflows freeze while whale balances increase
US spot XRP ETFs recorded net outflows of $529,500 last week, all stemming from Canary Capital’s XRPC fund on November 2, according to SoSoValue.
The following four sessions recorded zero net flows. That means fund creations and redemptions balanced overall, not that trading stopped or existing investors sold their holdings.
October brought approximately $18.8 million in inflows, sharply below September’s $121.4 million.
Cumulative inflows nevertheless stood near $1.81 billion, while total fund assets were about $1.34 billion. Falling token prices can reduce those asset values without equivalent investor withdrawals.
Meanwhile, independent analyst Ali Martinez cited Santiment data indicating that large wallets added more than 16.46 million XRP in five days as the price fell from $1.34 to $1.15. “Price is falling. Whales are buying,” he wrote on X.
That apparent accumulation offers a counterweight to weak fund demand. But wallet balances cannot reliably establish holders’ identities or distinguish purchases from transfers between addresses.
Can XRP defend $1.10 or is $1 next?
The immediate test is the $1.10 area, which XRP approached after losing former support around $1.14 to $1.16. Those earlier levels could now limit any rebound.
A sustained break below $1.10 would bring $1.05 to $1.06 into view, followed by the psychological $1 threshold.
Some technical assessments identify another possible downside level around $0.98.
Independent commentator Celal Kucuker said XRP “could test $1.10–$1.05 before reversing”, according to CryptoFrontNews. His much higher longer-term target depends on a trendline breakout and remains speculative.
For a convincing recovery, buyers would first need to reclaim approximately $1.15 to $1.16, then challenge $1.20 to $1.22.
The combination of stalled ETF inflows, shrinking leveraged positions and reported whale buying leaves the outlook unsettled. Holding $1.10 could encourage bargain hunting, but another breakdown would make the $1 level harder to ignore.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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