XRP has come under renewed selling pressure, losing 3.4% of its value in the past 24 hours. The decline extends a challenging period for the cryptocurrency amid increasing political uncertainty, sustained institutional withdrawals, and mounting macroeconomic headwinds.
Institutional outflows intensify
XRP, the digital asset developed by Ripple Labs and ranking among the world’s top ten cryptocurrencies by market capitalization, has seen institutional enthusiasm fade in recent sessions. Exchange-traded funds (ETFs) linked to XRP registered their largest daily net withdrawal in eight months this week, signaling growing caution among large investors.
Data from SoSoValue show that XRP ETFs recorded $10 million in net outflows on Monday, the biggest one-day withdrawal since March 2026. This trend persisted, with another $7.62 million leaving the funds on Tuesday. The back-to-back outflows followed four trading days without significant activity, indicating a sudden shift in sentiment.
If these withdrawals continue through month-end, November would mark the third consecutive month of net outflows from XRP ETFs. Persistent outflows typically dampen market confidence and add to downward pressure, especially when the asset is already experiencing a sharp decline.
XRP ETF products saw $10 million withdrawn on Monday, followed by $7.62 million on Tuesday, marking the highest level of outflows in eight months according to SoSoValue.
Wider economic conditions have added to the pressure. Higher-than-anticipated US inflation figures have reinforced expectations that the Federal Reserve may maintain a more restrictive policy stance. The Consumer Price Index for October showed core inflation rising 0.3% month-on-month, above forecasts of 0.2%. As a result, CME Group’s FedWatch tool indicates a 12% probability of a 50-basis-point rate hike at the Fed’s December meeting.
Mini dictionary: SoSoValue, a data analytics platform, provides real-time tracking of cryptocurrency ETF flows, institutional inflows and outflows, and key market metrics to support investor decisions.
Technical pressure builds below $1
Technically, XRP is facing significant pressure as its price approaches key support levels. Over the past week, XRP has dropped 16%, and losses have deepened to 23% over the last month, making it the weakest performer in the top 10 cryptocurrencies during this period.
On its daily chart, XRP has reached the midpoint of its remaining fair value gap (FVG)—an area associated with prior price imbalances—where buyers may attempt to defend the market. Should selling persist, this gap could be fully filled, potentially exposing the token to further declines.
Sellers are targeting $0.98 as the next major support, with a breach opening the possibility of a deeper downturn. Nevertheless, technical signals indicate a potential for relief. The Relative Strength Index (RSI) has slipped into oversold territory at 25, and the Stochastic also sits in oversold conditions at 8.75. Such readings often precede attempts at short-term recovery.
Should buyers step in, the first resistance lies at $1.113, matching the previous daily high. A stronger rebound could see XRP test the $1.30 area, but this would require a notable shift in both institutional sentiment and broader economic trends.
Macro factors and sustained institutional selling remain the primary obstacles to any sustained XRP recovery, suggesting continued volatility ahead.
| Metric | Current Value | Reference Point |
|---|---|---|
| Price Change (24h) | -3.4% | Past 24 hours |
| Price Change (7d) | -16% | Past week |
| Price Change (1m) | -23% | Past month |
| XRP ETF Outflows (Mon-Tue) | $17.62 million | This week |
| Key Support Level | $0.98 | Near-term |
| Resistance Level | $1.113 | Previous daily high |
| Resistance Level | $1.30 | Potential target |
