XRP slumped to $0.89 overnight on Nov. 15, reaching its lowest price since 2022, based on TradingView data. The cryptocurrency fell below $1 on Nov. 13, marking its weakest level since mid-August, with further declines recorded through the weekend. By publication time, XRP had partially recovered, returning to $0.963.
Major transactions during price drop
At the point of this sharp decline, Whale Alert detected two significant transactions, each moving 120 million XRP, totaling $215.2 million. On-chain analytics sites XRPSCAN and Bithomp confirmed that these transactions happened just seven minutes apart.
XRPSCAN reported that both large XRP transfers were routed through a sequence of three addresses not linked to any known exchange or company, with ownership details remaining unidentified.
Analysis of the transfers revealed that the coins were sent from an unlabeled wallet starting with “rGMiNv” to an intermediate address labeled “r3bh7p,” and then quickly passed to a third wallet beginning with “rpxh7h.” TrackWhale, a monitoring platform, labeled this wallet activity as “~ Rotation”.
Following the second transfer, only 98 XRP remained in the originating address. None of the three addresses involved in the movement were associated with centralized exchanges or Ripple’s escrow accounts, according to XRPSCAN. The destination wallet retained the full sum, and no further outward transfers or exchange deposits were identified at the time of writing.
Mini dictionary: Whale Alert is a blockchain tracking service that monitors and publicly reports large cryptocurrency transactions, often providing transparency for transfers that could impact market sentiment.
Fund outflows add pressure
The price weakness in XRP occurred alongside significant outflows from U.S. spot XRP exchange-traded funds. SoSoValue reported $19.13 million in net outflows from these funds between Nov. 9 and Nov. 13, marking the steepest single-week withdrawal since March 2026.
Glassnode, a blockchain analytics company, found that the combined market capitalization of USDT and USDC, two leading stablecoins, decreased by $17 billion over the past month to $244 billion.
| Metric | Latest Value | Change/Reference Period |
|---|---|---|
| XRP price (lowest) | $0.89 | Nov. 15, 2026 |
| XRP ETF outflows | $19.13 million | Nov. 9–13, 2026 |
| USDT + USDC market cap | $244 billion | Down $17 billion, past month |
| XRP futures liquidations | $27 million | 24 hours after BTC below $67,000 |
Liquidations accelerate following wider crypto weakness
As Bitcoin’s price dropped below $67,000, the XRP market saw a spike in liquidations. CoinGlass reported that XRP futures liquidations reached $27 million in just 24 hours, with 97% of those involving long positions.
Liquidations of loans backed by cbXRP were also observed on Morpho, a decentralized finance protocol, according to the platform’s data.
These developments reflect wider volatility in the digital asset market, with investor sentiment under pressure from falling prices and heavy fund withdrawals.
Mini dictionary: Morpho is an open-source decentralized finance protocol on Ethereum that optimizes lending and borrowing, enabling peer-to-peer and pool-based loan structures.
