XRP price falls to $1.06 as ETF outflows and bearish momentum weigh

XRP price has fallen more than 3% over the past 24 hours to around $1.06 on November 11, as the cryptocurrency continues to struggle with selling pressure, ETF withdrawals and weak market sentiment.

According to crypto.news data, XRP dropped to an intraday low near $1.03 after trading above $1.10 earlier in the session. The token was down 15.4% over the past seven days, while its monthly losses reached nearly 25%, leaving it more than 58% below its price a year ago.

The latest decline comes as traders on Binance continue to favor bullish positions despite XRP’s prolonged correction, while institutional investors have recently withdrawn money from US spot XRP exchange-traded funds.

Why is XRP price falling today?

One of the main concerns for XRP investors has been the recent withdrawal of capital from spot ETFs, which recorded $10.42 million in net outflows on November 9, according to SoSoValue data.

Bitwise’s XRP ETF accounted for approximately $9.4 million of those withdrawals, representing roughly 90% of the daily total. Canary Capital’s XRPC lost another $811,440, while the 21Shares TOXR fund recorded around $212,900 in outflows.

The withdrawals were the largest single-day outflow since March, although they represented less than 1% of the funds’ combined assets.

XRP has struggled to maintain its earlier momentum despite the growth of regulated investment products over recent months.

Back in August, spot XRP ETFs attracted $110.49 million during the final week of the month, helping cumulative inflows exceed $1.66 billion. The cryptocurrency gained 37% that month, its strongest monthly performance of 2026.

The recent weakness has reversed much of that recovery, with XRP now trading considerably below the levels reached during the late-summer rally.

Binance traders remain bullish despite XRP losses

The derivatives market has presented a different picture, with Binance traders continuing to hold bullish positions even as XRP loses value.

In a November 10 assessment, CryptoQuant analyst Darkfost said the rolling 30-day cumulative funding rate for XRP perpetual futures on Binance had reached approximately 0.18%, its highest reading since October 2025.

🗞️ XRP funding rates on Binance hit a 1Y high while spot ETFs see $10.4M in net outflows

Funding rates for ripple:native perpetual futures on Binance have reached their highest level in more than a year. The last time rates were this high was in October 2025, a few months after… pic.twitter.com/ZZte6Vfud4

— Darkfost (@Darkfost_Coc) November 10, 2026

As crypto.news previously reported, the reading came despite XRP undergoing a correction of roughly 30% from its previous highs.

Positive funding rates generally mean traders holding long positions are paying short sellers to maintain their positions. Darkfost warned that unusually elevated funding rates have historically appeared near local XRP price peaks.

Another CryptoQuant analyst, Amr Taha, reported that XRP’s seven-day average spot trading volume climbed 53.2%, from $513 million on October 28 to $786 million by November 9.

The rise in trading activity coincided with falling prices, although higher volume alone does not establish whether investors are accumulating tokens or selling their holdings.

XRP’s 30-day average open interest on Binance reportedly declined from approximately 512 million to 453 million XRP since mid-October, indicating that outstanding futures positions had decreased during the correction.

Meanwhile, cryptocurrency trader BangXBT offered a different view of XRP’s drop in a November 10 post on X.

“XRP is probably a classic example of accumulation,” the trader wrote, warning investors against chasing price rallies driven by fear of missing out.

BangXBT identified $0.9763 as an observation level and $0.6732 as a possible lower buying zone, suggesting that further downside could present opportunities for traders waiting to enter at lower prices.

XRP price analysis: Can $1.05 support hold?

On the technical front, XRP has continued forming lower highs and lower lows, with several attempts to recover above $1.08 failing during the past 24 hours.

The cryptocurrency briefly rebounded towards $1.07 after touching approximately $1.035, but buyers struggled to maintain that recovery.

The $1.05 level now serves as immediate support, followed by the 1.03–1.04 region where the latest rebound began.

A move below that area would bring the psychological $1 level into focus, while a recovery above $1.07 could allow XRP to retest resistance between $1.08 and $1.10.

XRP’s daily relative strength index recently approached 25, indicating oversold conditions, while the token continued trading below its major daily exponential moving averages.

The 14-day relative strength index stood at 23.77, well below the oversold threshold of 30, while the MACD remained in negative territory at -0.0648, with its signal line at -0.0474. The negative MACD histogram of -0.0174 suggested that bearish momentum was still present despite the oversold RSI reading.

XRP was trading below its 20-day, 50-day and 200-day exponential moving averages at $1.22, $1.29 and $1.35, respectively. The price had also slipped below the lower Bollinger Band at $1.08, while the Williams %R reading of -93.08 and stochastic oscillator at 5.36 indicated heavily oversold conditions

Despite the oversold readings, XRP has yet to show a sustained recovery, with the MACD and moving averages continuing to favor sellers. A break below the recent low near $1.03 could put $1 back in focus, while buyers would need to reclaim the $1.08–$1.10 range to challenge the current bearish trend.