XRP fell to approximately $0.89 on Satrurday, its lowest level since November 2024, as cryptocurrency markets faced renewed selling pressure, withdrawals from exchange-traded funds and a cont
XRP fell to approximately $0.89 on Satrurday, its lowest level since November 2024, as cryptocurrency markets faced renewed selling pressure, withdrawals from exchange-traded funds and a contraction in dollar-pegged stablecoin supply. The token has lost approximately 36% since the beginning of the fourth quarter and is trading nearly 76% below its July 2025 peak of $3.65. XRP closed November 14 near $0.914 before recovering toward $0.95 during early trading on November 15. The decline extended across major cryptocurrencies. Bitcoin briefly approached $62,000, while ether dropped toward $1,710, reflecting selling pressure beyond XRP-specific developments.
Why Has XRP Fallen to Its Lowest Level Since 2024?
XRP's decline accelerated after the token lost the psychologically important $1 level on November 13. The subsequent move toward $0.89 erased much of the price appreciation that followed the November 2024 U.S. presidential election. The latest selloff follows a sustained correction from XRP's July 2025 high, rather than a newly announced regulatory decision or change to the
XRP Ledger's underlying operations. Trading data from Coinbase and Binance showed XRP falling toward $0.892 during the November 14 session. The token subsequently recovered some losses, although it remained below $1 during early November 15 trading. As
FinanceFeeds reported on November 13, XRP had already briefly broken below $1 before recovering above that threshold. The subsequent decline was more pronounced, with the token recording its weakest daily close in approximately two years. The magnitude of the correction is particularly notable given the expansion of regulated XRP investment products over the past year. Access through exchange-traded funds has increased, but that has not prevented substantial losses in the underlying asset.
Investor Takeaway
XRP's decline illustrates that broader institutional access does not necessarily protect an asset from market-wide selling. The $1 level and November 14 low near $0.89 provide useful price references, although neither establishes where the market will stabilize.
How Much Money Is Leaving XRP ETFs?
U.S.-listed spot XRP exchange-traded funds recorded approximately $19.13 million in net withdrawals during the week ending November 13, according to SoSoValue data. That was their largest weekly outflow since March 2026. The withdrawals followed a period of relatively weak demand for cryptocurrency investment products, with Bitcoin and
Ethereum ETFs also experiencing redemptions. Earlier in the week, XRP ETFs recorded approximately $18 million in combined withdrawals across November 9 and 10. FinanceFeeds
examined the November 10 outflows, noting that some issuer reports were incomplete when preliminary figures became available. Despite the recent withdrawals, U.S. spot XRP ETFs have attracted approximately $1.5 billion in cumulative net inflows since their launch in November 2025. The latest weekly outflow represents roughly 1.3% of that cumulative amount. Although the withdrawals indicate weaker recent demand, they remain relatively modest compared with the token's overall market capitalization and trading activity. ETF redemptions can affect underlying cryptocurrency demand, but net fund flows alone cannot establish how much of XRP's latest decline was caused by institutional selling.
Investor Takeaway
XRP ETFs retain substantial cumulative net inflows despite recent redemptions. Investors should distinguish weekly fund withdrawals from changes in asset values caused by falling XRP prices, since the two measures reflect different developments.
Why Does Shrinking Stablecoin Supply Matter?
The broader liquidity environment has also deteriorated. The combined market capitalization of Tether's USDT and Circle's USDC has fallen to approximately $244 billion, compared with around $270 billion in early May. The reduction of roughly $26 billion represents a contraction of approximately 9.6% from that earlier peak. Blockchain analytics firm Glassnode reported that major stablecoin supply contracted by approximately $14.2 billion during the 30 days ending November 9, the largest monthly decline since June 2022. A subsequent Glassnode update placed the rolling contraction at approximately $17 billion. As
FinanceFeeds previously examined, declining stablecoin issuance and increasing redemptions can reduce the dollar-denominated liquidity available for cryptocurrency trading. Stablecoins are widely used as settlement assets, trading collateral and funding instruments across centralized and decentralized exchanges. Their circulating supply can therefore provide useful information about the amount of dollar-linked capital remaining within cryptocurrency markets. However, a decline in stablecoin capitalization does not necessarily represent an equivalent amount of permanent capital flight. Funds can move into bank deposits, other digital assets or alternative settlement arrangements.
What Could Determine XRP's Next Move?
XRP's near-term performance will depend partly on conditions affecting the wider cryptocurrency market, including Bitcoin's price behavior, ETF flows and demand for stablecoin liquidity. The immediate price references are the November 14 low near $0.89 and the $1 level that XRP recently lost. Sustained trading above $1 would indicate recovery from the latest breakdown, while further weakness below $0.89 would establish another lower price level. ETF subscriptions and redemptions will provide additional evidence of investor demand. Renewed stablecoin supply growth could also indicate improving liquidity, although neither development would guarantee a recovery in XRP prices.
Investor Takeaway
The combination of falling cryptocurrency prices, ETF withdrawals and shrinking stablecoin supply indicates pressure across several funding channels. A durable XRP recovery would be easier to support if broader market liquidity and investment demand improve together.
