XRP traded around $1.06 on November 11, 2026, after dropping from above $1.10 earlier in the session to an intraday low near $1.03. The decline coincided with withdrawals from U.S. spot XRP ETFs and bearish trend signals. Derivatives positioning and oversold indicators painted a more mixed picture.
- XRP was down more than 3% in 24 hours, 15.4% over seven days and nearly 25% over the past month.
- U.S. spot XRP ETFs recorded $10.42 million in net outflows on November 9.
- Positive Binance funding suggests leveraged long positioning, but does not prove spot-market accumulation.
- XRP had fallen below $1.05. The $1.03-$1.04 area, followed by $1, are levels to watch.
ETF outflows coincide with XRP’s decline
U.S. spot XRP ETFs recorded $10.42 million in net outflows on November 9, according to SoSoValue data. Bitwise’s XRP ETF accounted for about $9.4 million, roughly 90% of the total. Canary Capital’s XRPC fund saw $811, 440 in outflows, while 21Shares’ TOXR recorded around $212, 900.
The withdrawals coincided with XRP’s sharp decline, but the figures do not show that ETF outflows caused it. They also do not explain why investors withdrew their funds. The reported total was the largest single-day outflow since March, though the year was not specified. That makes the comparison of limited value for judging the scale of the reversal.
The contrast with August is notable. During the final week of August 2026, spot XRP ETFs attracted $110.49 million, and cumulative inflows exceeded $1.66 billion. XRP gained 37% that month, its strongest monthly performance of 2026. Those earlier inflows show that demand for the funds had been strong. They do not explain what prompted the latest withdrawals.
Binance derivatives show leveraged long positioning
CryptoQuant analyst Darkfost reported on November 10 that XRP’s rolling 30-day cumulative funding rate on Binance was about 0.18%, its highest reading since October 2025.
Perpetual futures are contracts with no fixed expiry date. Their funding rate is a periodic payment between traders on opposite sides of the market. Positive rates generally mean traders holding long positions pay those holding shorts. The reading suggests leveraged long positioning on Binance, but it does not represent all XRP traders or prove that spot-market buyers were accumulating.
Darkfost has noted that unusually high funding rates have appeared near local XRP price peaks in the past. That history is a reason for caution, not a reliable timing signal. Funding can remain elevated, and past patterns do not guarantee another peak.
Open interest, the amount of outstanding derivatives positions, also fell. XRP’s 30-day average open interest on Binance reportedly declined from about 512 million XRP to 453 million XRP since mid-October. That means fewer positions remained open, but it does not reveal whether traders closed bullish or bearish bets.
Rising spot volume does not confirm accumulation
CryptoQuant analyst Amr Taha reported that XRP’s seven-day average spot trading volume rose 53.2%, from $513 million on October 28 to $786 million by November 9. The increase came as XRP’s price fell.
More volume means more trading, not necessarily more buying. The figure alone cannot show whether investors were building positions or selling into the decline.
Trader BangXBT offered an optimistic interpretation in a November 10 post on X: “XRP is probably a classic example of accumulation.” The trader named $0.9763 as a level to watch and $0.6732 as a possible lower buying zone, while warning against chasing rallies driven by fear of missing out.
That is one trader’s view, not evidence that accumulation is happening. A falling price may attract buyers, but the same price action can also reflect persistent selling.
Oversold readings meet a weak trend
XRP’s 14-day relative strength index (RSI) was 23.77, below the commonly used 30 threshold for oversold conditions. Williams %R was -93.08, and the stochastic oscillator stood at 5.36. These indicators suggest XRP had seen intense recent selling. They do not mean a rebound is due. An asset can stay oversold while its price keeps falling.
Trend measures remained weak. The moving average convergence divergence indicator (MACD), which tracks trend and momentum, was negative at -0.0648 and below its signal line at -0.0474. Its histogram, which reflects the gap between the two readings, was -0.0174.
XRP was also below its 20-day, 50-day and 200-day exponential moving averages, at $1.22, $1.29 and $1.35, respectively. An exponential moving average gives more weight to recent prices. Trading below these averages suggests the price trend remained weak across several timeframes. XRP was also below the lower Bollinger Band at $1.08, a volatility-based indicator that can flag an unusually sharp move relative to recent trading.
The signals point in different directions. Momentum gauges show heavy selling, while trend indicators still favor sellers. Oversold conditions may set the stage for a bounce, but they are not a buy signal on their own. Bullish SuperTrend signals have appeared in previous XRP analysis, but technical indicators cannot guarantee a reversal.
What XRP’s price levels show
XRP had already fallen below $1.05 before trading near $1.06 after touching $1.03. That makes $1.05 a level the price would need to reclaim, rather than support that held during the session. The $1.03-$1.04 area marked the recent intraday rebound zone. If it fails to hold, $1 could become the next focus.
On the upside, a recovery above $1.07 could bring resistance between $1.08 and $1.10 into view. Even a move through that range would not, on its own, confirm a trend reversal while XRP remains below its major daily moving averages. Earlier coverage described XRP holding near $1.38 as bulls eyed a breakout, a reminder of how quickly market conditions and price levels can shift.
Key questions about XRP’s decline
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How far had XRP fallen by November 11?
Crypto.news reported that XRP was down more than 3% over 24 hours, 15.4% over seven days and nearly 25% over the past month. It traded around $1.06 after reaching an intraday low near $1.03.
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What do the ETF outflows tell us?
SoSoValue data showed $10.42 million in net outflows from U.S. spot XRP ETFs on November 9, with about $9.4 million attributed to Bitwise’s fund. Withdrawals exceeded investments that day, but the data does not explain investors’ reasons or establish that the outflows drove XRP’s price decline.
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Does higher trading volume prove XRP is being accumulated?
No. Spot volume rose while the price fell, but volume alone cannot distinguish buying from selling.
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Do oversold indicators mean XRP is about to rebound?
No. They show that recent selling was extreme by those indicators’ measures, but prices can keep falling while readings remain oversold.
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Which price levels are traders watching?
XRP had slipped below $1.05, making that a level to reclaim. The $1.03-$1.04 area marked a recent rebound zone, with $1 a possible downside focus. A move above $1.07 could bring $1.08-$1.10 resistance into play.
XRP’s decline has not made it clear that selling is over. ETF withdrawals and weak trend measures call for caution, while derivatives positioning and oversold readings leave room for a rebound but do not confirm one. The practical test is whether XRP can hold or recover key price levels, not whether it looks cheap after a steep fall.
