XRP Below $1: What the Slide Says About Crypto and Rate-Hike Fears

XRP, the token that runs on the XRP Ledger and is closely associated with the payments company Ripple, fell below $1 on Friday, November 13, 2026, for the first time since mid-August. According to CoinDesk, as relayed by KuCoin, it dropped as low as $0.9974 and closed lower for nine consecutive trading days. The decline matters beyond crypto because it coincided with a stronger dollar, rising Treasury yields and a sell-off in technology shares, all of which are pressuring risk assets globally.

Prices quoted on Saturday, November 14, hovered close to the $1 line. CryptoTimes put XRP at $0.9932, while CoinDesk reported $1.025 by Saturday. At the start of November the token traded at $1.30.

Why is XRP falling?

No single cause explains the drop. Most coverage points to a market-wide deleveraging that began with bitcoin. Bitcoin fell below $70,000 for the first time since August, dropping more than 6%, as crypto.news described a stronger US dollar, renewed technology stock selling and more than $1.2 billion in liquidations. A liquidation occurs when an exchange forcibly closes a leveraged trade after losses exceed the trader’s collateral, which can push prices down further.

Estimates of the damage differ by data provider. CoinGlass data cited by Bitcoinist showed about $1.64 billion in total crypto liquidations, while crypto.news reported a lower $1.23 billion across 151,000 traders. Both sources agree that long positions, bets on rising prices, bore most of the losses.

Interest rates are a recurring theme. Treasury yields rose after October’s inflation figures strengthened expectations of a December rate increase, and higher yields make interest-bearing government debt more attractive relative to bitcoin, which pays nothing. Separately, Nvidia CEO Jensen Huang resigned and left the board on November 12, with Chief Financial Officer Colette Kress named interim CEO. That shock fed into the technology sell-off, a theme covered in Intelligence Report’s analysis of how Nvidia turmoil is testing the AI chip rally.

What do ETF outflows say about demand for XRP?

US-listed spot XRP exchange-traded funds, which hold the token itself, have recorded modest withdrawals this week. According to SoSoValue data, outflows were $10.42 million on November 9 and $7.62 million on November 10, flat on November 11 and 12, with another $1.09 million leaving on November 13. Providers tally the weekly total slightly differently: CryptoTimes cites $19.13 million, while CoinDesk’s figure is $18.04 million.

The size of those withdrawals is small against the funds’ assets. Net assets stood at $1.16 billion on November 12, down from $1.51 billion on October 28, and cumulative net inflows since launch are $1.79 billion. A decline in net assets can reflect price moves alone, not redemptions. Bitcoin.com made that point in an earlier report on the funds’ shrinking value.

The picture is broader for bitcoin products. US spot Bitcoin ETFs recorded $185.4 million in net outflows on Friday, and $2.35 billion over two consecutive weeks, according to Cointelegraph. Bloomberg ETF analyst Eric Balchunas assessed institutional outflows as relatively small, saying investors appear to be holding existing positions.

How far could XRP fall from here?

Analysts disagree, and all price calls carry high uncertainty. Analyst Crypto Patel said a confirmed break below $1 could lead to a drop of 30% to 40%. Another technical read noted that XRP remains above the $0.90 weekly Bollinger Band, a volatility-based support marker. Blockchain.News observed that the token trades below its 7-day, 20-day, 50-day and 200-day moving averages, a bearish alignment.

Longer-term context is sobering for holders. XRP is down 23.3% over the past month and trades 72% below its all-time high of $3.65 set on July 17, 2025, according to Mogaz. Some on-chain data points the other way: Santiment data show wallets holding at least 10,000 XRP rose to 343,578 on November 12, a one-year high.

Does Ripple’s bank charter change the picture?

Not directly, according to most analysis. Ripple won final federal approval on October 26, 2026 to open Ripple National Trust Bank in New York. The charter covers reserves behind its $2.5 billion RLUSD stablecoin but assigns XRP no role, and a national trust charter does not allow Ripple to take deposits or lend commercially.

Supporters argue that more RLUSD activity could raise use of the XRP Ledger. Much of RLUSD’s trading and settlement happens on that ledger, where XRP pays transaction fees. The sell-off suggests that, for now, macro conditions outweigh that infrastructure story. For the rate backdrop, see Intelligence Report’s coverage of Treasury Secretary Scott Bessent’s argument that the Fed should hold its fire.

What to watch

• The $1 and $0.90 levels: A sustained close below $1, or a test of the $0.90 band, would confirm the bearish technical reading. A reclaim of roughly $1.12 to $1.34 would be the first sign of a bottom, according to Coinpedia.
• ETF flow data: Daily SoSoValue and Farside figures will show whether XRP fund outflows widen or whether bitcoin funds, where BlackRock’s IBIT has seen 11 straight sessions of withdrawals, stabilize.
• Fed and yield signals: Further inflation data and Treasury yields, which one report put above 5% on the 10-year, will shape expectations for a December rate decision.
• Nvidia leadership: Any naming of a permanent CEO or further tech-sector selling could extend risk aversion across crypto.
• Index and stablecoin pressure: Traders are also weighing the fallout from Strategy’s upcoming removal from MSCI indexes, and stablecoin supply has contracted by $14.2 billion, a sign of thinner liquidity.

Frequently asked questions

Sources

• XRP Drops Below $1 for the First Time Since Mid-August Amid Nine-Day Losing Streak (KuCoin, citing CoinDesk)
• XRP Price Falls Below $1 to Lowest Since August as Analyst Warns of $0.80 Drop (CryptoTimes)
• Bitcoin Price Crashes Below $70K as Crypto Liquidations Hit $1.2B (crypto.news)
• Bitcoin Slips Below $70K as $1.6B in Leveraged Bets Liquidated (BitcoinWorld)
• Bitcoin Price USD Falls Below $70,000 as Crypto Selloff Deepens (The Coin Republic)
• Bitcoin ETFs Lose $2.35B as BlackRock Outflows Hit 11 Sessions (Cointelegraph)
• Bitcoin Breaks Below $67,000 to 3-Month Low; $2.5 Billion Flees ETFs (BigGo Finance)
• Tahiti Vs Cook Islands: XRP Briefly Breaks $1 Before Rebounding (Mogaz)
• Ripple gets OCC's unconditional charter approval (Yahoo Finance)
• XRP Price Prediction: Ripple's Bank Charter Changes Everything For RLUSD, But What About XRP? (Cryptonews)

Top image: Federalreserve / Wikimedia Commons (Public domain)

This article was produced by the Intelligence Report Desk. Sources are linked below.