XRP falls to two-year low as crypto selloff deepens

What happened

XRP extended its November decline and fell below the $1 mark, with CryptoPotato reporting a weekly wick to roughly $0.965, a two-year low. The token had already lost the $1.25 support area that had held since mid-September after a rejection near $1.35 earlier in November, and its recent candles were hovering around $0.98. Bitcoin.com News reported a deeper intraday dip on Bitstamp, where XRP touched $0.8922 before recovering to $0.95 by 11:30 a.m. Eastern time on Sunday.

The move came during a broad weekend selloff in crypto assets. Bitcoin.com News said the market's total value fell to $2.19 trillion after losing more than $130 billion since Friday, while bitcoin touched an intraday low of $61,947 before recovering toward the mid-$64,000 range. Over seven days, XRP was down 17.4%, and losses across major tokens included 29.7% for zcash, 19.8% for solana and 19% for ether.

Leveraged traders absorbed heavy damage. Coinglass data cited by Bitcoin.com News showed about $1.71 billion in liquidations over 24 hours, affecting 260,271 traders, with long positions making up $1.37 billion, or 80.2%, of the total. XRP-related liquidations were listed at $43.88 million. The Crypto Fear & Greed Index fell to 10, a reading described as extreme fear.

Why it matters

$1 is not only a psychological threshold for XRP; CryptoPotato described it as the base of the August 2026 rally and the floor of the mid-2026 consolidation. A decisive weekly close below that zone would confirm a breakdown and bring the $0.80 demand area into view, followed by $0.50, according to the analysis. On the other side, a defense of $1 could support a rebound, but the report said XRP would need to reclaim $1.60 to change the broader structure. Until that happens, rallies would likely be relief moves within the prevailing downtrend.

What the data shows

The selloff was accompanied by institutional withdrawals from U.S. spot bitcoin ETFs. According to Sosovalue figures cited by Bitcoin.com News, those products recorded $2.97 billion in net outflows across 12 trading sessions from Oct. 29 to Nov. 13, with only two positive sessions. November alone saw $2.35 billion in withdrawals, including $1.07 billion in the latest five-day trading week. Combined net assets fell from $104.27 billion on Oct. 29 to $86.20 billion on Nov. 13.

The stablecoin sector also contracted. Defillama data collected on Saturday, Nov. 14, put the sector's capitalization at $284.85 billion, down $26.15 billion from its May peak of $311 billion and 5.36% lower over 30 days, Bitcoin.com News reported. Tether's USDT and Circle's USDC accounted for $244.42 billion, with both posting monthly declines approaching 5%.

Background

XRP has been in a bearish weekly structure since peaking near $3.65 in July 2025, with lower highs and lower lows, CryptoPotato reported. The August 2026 rally briefly took the price from $1.00 into the $1.60 resistance zone, but two rejections from that area returned control to sellers and the subsequent decline erased the entire move. On the 4-hour chart, a rejection near $1.35 in early November was followed by the loss of $1.25 support and a series of lower highs and lower lows.

What is still unclear

Several questions remain open. CryptoPotato noted that the RSI formed a bullish divergence as price made lower lows, with the indicator bottoming near 20 and later reading around 33. That signal suggests bearish momentum is fading, but the report cautioned that a divergence alone does not confirm a reversal. A sustained break below $0.98 would invalidate the divergence, while a weekly close below $1 would confirm the breakdown. The reports also differed in their low prints: CryptoPotato cited a weekly wick near $0.965, while Bitcoin.com News reported an intraday low of $0.8922.

What to watch

Market participants will watch whether XRP can hold the $1 zone on a weekly closing basis and whether buyers can push it back toward $1.07 or $1.13, with $1.25 likely to act as resistance on a larger recovery, according to CryptoPotato. A break below $0.98 would shift attention to $0.80. Broader signals include ETF flow data, stablecoin liquidity and the Fear & Greed Index, which Bitcoin.com News said had fallen to extreme fear.

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