XRP Slips Below $1 for First Time Since August as Longs Get Flushed
XRP fell below $1 for the first time since August as about $16.94 million in positions were liquidated. Ali Charts flags $0.80 if $0.99 support fails, while spot XRP ETFs saw $1.09 million in net outflows.
The $1 handle is gone. XRP broke below it on Friday, Nov. 13, for the first time since August, as leveraged buyers were liquidated across the market. The token traded at $0.9923 on Saturday after dipping to $0.9818 in the same four-hour candle.
That leaves XRP down about 16% in November, on top of a 16.07% decline in October. Two straight months of roughly 16% drawdowns is a grind, not a flash crash. CoinGlass data shows about $16.94 million in XRP positions liquidated over 24 hours.
Analyst Ali Charts framed the move as a failed breakout. In a post on X, he said XRP could not clear $1.55 at the top of its channel and has reversed to the lower boundary at $0.99.
"Now, $0.99 must hold."
Ali Charts
He added that "if XRP loses this support, the correction could extend toward $0.80," roughly 19% below Saturday's price.
Levels to watch
On the four-hour chart, the nearest support sits at $0.95, then $0.85. Note that $0.85 is above Ali's $0.80 target, so buyers may step in before the full move plays out.
The four-hour RSI (relative strength index, a momentum gauge) reads 32.29, just above oversold territory, so a bounce is possible. To get one going, XRP first has to reclaim $1, with resistance next at $1.10.
Macro and flows
XRP is not falling alone. The global crypto market lost 2.25% in 24 hours to $2.27 trillion, with Bitcoin down 3.34% and below $69,000, and Ether under $1,900. Part of the sell-off traces to rising rate expectations after the November 10 consumer price report: Kalshi traders priced an 89% chance of a 25 bp Fed hike in December. The Crypto Fear & Greed Index sat between 13 and 20, "Extreme Fear."
Spot ETF demand offered little cushion. US spot XRP ETFs recorded $1.09 million in net outflows on Nov. 13, per SoSoValue. Grayscale's GXRP shed $5.54 million, while Franklin's XRPZ took in $4.45 million. Bitwise, Canary and 21Shares saw zero flows. Cumulative net inflows stand at $1.79 billion, with net assets of $1.15 billion.
What it means
The ETF flows are small next to the liquidations, so this reads more like leverage unwinding than institutions heading for the exits. Still, the pressure is broad. Bitcoin's slide below $69K is part of the same tape, and it has Peter Schiff calling a long-term bear market.
For XRP, $0.99 is the line. A daily hold keeps the channel intact; a clean break puts $0.95 and $0.85 in play before Ali's $0.80.
Market pricing still shows a moderate likelihood of XRP reaching $3 in November. With the token under $1, that looks like a long shot.
