XRP traded near $1.0208 on Friday, November 13, down 1.85% on the day. The token briefly fell below the psychologically important $1 level, hitting an intraday low of $0.9967 before recovering. XRP is now about 37% below its October highs near $1.60 after several weeks of steady selling.
The pullback came as the wider crypto market slid. Bitcoin and Ethereum both reached three-month lows this week. CryptoSlate reported that about $727 million in leveraged positions were liquidated over 24 hours on November 12, with Bitcoin and Ethereum accounting for $414 million of that total.
US spot XRP ETFs recorded $10.4 million in net outflows on November 9, followed by another $7.6 million on November 10, bringing the two-day total to about $18 million. Total net inflows since launch remain positive at roughly $1.71 billion. Bitwise’s fund holds about $670 million of that, followed by Franklin Templeton and Canary Capital. The 30-session flow has turned slightly negative at around $2.8 million in net withdrawals.
On-chain data from DefiLlama shows the XRP Ledger handled approximately 4.28 million transactions in 24 hours, with 61,637 active addresses. Decentralized exchange volume reached $5.76 million and total value locked in DeFi stood near $31.87 million. The stablecoin market cap on the network fell about 8% over seven days to $908 million, with RLUSD making up around 90% of it.
Analyst Ali Charts said XRP has reversed all its recent gains. He noted the token failed to break above the $1.55 resistance at the top of its channel and has completed a full reversal toward the lower boundary near $0.99. He warned that $0.99 must hold, or the correction could stretch toward $0.80.
The daily chart supports that bearish view. XRP was rejected in the $1.55 to $1.65 zone in early October and has printed lower highs and lower lows since. The key support level is $0.9852, the August low. A daily close below that level would weaken the setup, with support then at $0.90 to $0.95 and $0.80 to $0.85 below that. The RSI stands at 21.52, deep in oversold territory, while the MACD remains bearish. Analysts are watching for a bullish MACD crossover and an RSI move back above 30 to 40 as early signs that selling pressure is easing.
