XRP dropped to approximately $1.10 on Monday, marking its lowest value in several months as a new wave of cryptocurrency selling impacted the market. Despite the decline, data from blockchain analysts suggested that large holders, often referred to as whales, increased their XRP balances during the downturn.
ETF inflows slow while whales accumulate
By 05:37 GMT, XRP traded near $1.10, registering a 5.5% decrease over 24 hours and an 11% drop across the previous week. The fall coincided with muted demand for US spot XRP exchange-traded funds, which recorded net outflows of $529,500 last week. SoSoValue, a digital asset data provider, reported that all outflows last week came from Canary Capital’s XRPC fund on November 2, while the remaining four sessions saw zero net flows. October net inflows totaled about $18.8 million, significantly lower than September’s $121.4 million. The cumulative US spot XRP ETF inflows reached roughly $1.81 billion, with current assets standing at $1.34 billion.
Meanwhile, Santiment data cited by independent analyst Ali Martinez indicated that whale wallets added over 16.46 million XRP in five days as prices fell from $1.34 to $1.15. “Price is falling. Whales are buying,” Martinez wrote on X.
The contrasting trends of declining ETF inflows and increasing whale balances highlighted the uncertainty among investors about XRP’s direction. Some participants viewed whale accumulation as a signal of growing confidence in the asset despite weak fund demand. However, blockchain data alone cannot definitively determine whether these wallet increases reflect genuine new purchases or transfers among known large holders.
XRP ETF inflows dropped sharply to $18.8 million in October from $121.4 million in September, while whale wallets reportedly accumulated more than 16 million tokens amid the recent price slide.
Mini dictionary: Santiment is an analytics platform that provides on-chain and social metrics for cryptocurrencies, often used by traders and analysts to track large wallet activity and sentiment shifts.
Market pressure driven by liquidations and broader selloff
XRP’s recent move downward mirrored a wider retreat in both the crypto and technology sectors, as Bitcoin touched lows near $74,000. Investor caution grew over uncertainties in artificial intelligence spending and potential regulatory changes in the United States, reducing risk appetite across digital assets.
The loss of support at $1.20 and the breach of key moving averages exposed leveraged bullish traders to notable losses. Early Monday data showed that XRP derivatives liquidations totaled $23.64 million in the previous 24 hours, with around 97% coming from long positions. A decline in futures open interest signaled a reduction in leveraged bets tied to XRP’s price movements.
| Date/Period | XRP Price | ETF Net Inflows | Whale Accumulation | Derivatives Liquidations |
|---|---|---|---|---|
| Last week | $1.10 | -$529,500 | 16.46 million XRP (5 days) | $23.64 million (24h) |
| October 2026 | $1.34 to $1.15 | $18.8 million | 16.46 million XRP (total) | – |
| September 2026 | – | $121.4 million | – | – |
Liquidations occur when exchanges automatically close positions after collateral is deemed insufficient, which can further accelerate price declines. However, these forced sales do not always trigger the initial drop; they instead amplify ongoing market movements.
Can XRP hold support at $1.10?
XRP approached the $1.10 mark after losing support around $1.14 to $1.16—levels that now act as potential resistance to any upward move. Technical analysis identified $1.05 to $1.06 as the next support range if the token falls below $1.10, followed by the psychological barrier of $1.00. Some analysts also pointed to a possible downside target near $0.98 if selling continues.
Crypto market commentator Celal Kucuker stated on CryptoFrontNews that XRP “could test $1.10–$1.05 before reversing,” but he also described longer-term targets as speculative and dependent on trendline breakouts yet to materialize.
For buyers to regain momentum, XRP must first recover above roughly $1.15 to $1.16, then confront resistance at $1.20 to $1.22. Market participants eyed these zones for signs of a sustainable reversal.
Traders are watching to see if XRP can maintain the $1.10 level, with further declines potentially targeting $1.05 and $1, while a reversal could require reclaiming previous support levels above $1.15.
With exchange-traded fund inflows stalling, leveraged positions falling, and whales accumulating, XRP’s outlook remains uncertain. Stabilization near $1.10 may prompt renewed interest from buyers, but another breakdown could increase pressure toward $1.
