XRP Sinks Below $1 to Its Lowest Since 2024 as XRP ETFs Turn One

$XRP Breaks the $1 Line

The $1 level that traders spent the week debating finally gave way as $XRP slipped under $1 late Friday U.S. time and kept going, printing a low of $0.99 earlier today.

Historical data shows $XRP last dipped below $1 between Aug. 11 and Aug. 19 this year, when its lowest daily low was about $0.986. Saturday’s print undercuts all of those and to find a lower daily low, one has to go back to mid-November 2024, just before $XRP’s post-election rally took it to $3.65 in July 2025.

The drop was part of a market-wide flush as analysts reported over $330 million in liquidations in two hours as bitcoin fell under $67,000, ether under $1,900, $XRP under $1.00 and solana under $75. At press time, $XRP is down about 14% over seven days and 20% over 30 days (all while its market cap has shrunk to roughly $63 billion).

Lastly, it bears mentioning that the break did not come out of nowhere, and earlier this week Bitcoin.com News reported that $XRP’s price was sinking owing to its technicals. As a result, Polymarket bettors saw a $1 retest as roughly a coin flip and by Nov. 12, $XRP had already slid toward $1.05 even as large wallets kept growing.

A Rough First Birthday for $XRP ETFs

The timing could hardly be worse for $XRP bulls. On Friday, the official $XRP account marked the anniversary:

One year ago today, the first US ETF to hold only $XRP began trading. Since then, US spot $XRP ETFs have accumulated over 1 billion $XRP.

Canary Capital’s XRPC launched on Nov. 13, 2025, and funds from Bitwise, Franklin Templeton, 21shares, Grayscale, and REX followed. Community trackers put the total at 1.16 billion $XRP, while other analysts counted about 1.19 billion.

At today’s price, that stash is worth roughly $1.18 billion, lining up with the roughly $1.16 billion in net assets per Sosovalue. It still sits well below the $1.79 billion investors have put in since their launch.

The Inflows Have Dried Up

$XRP ETF funds have not posted a net inflow since Oct. 29 but have instead seen about $18.6 million in net outflows in November. Bitcoin.com News flagged the slowdown late last week when $XRP ETFs went a whole week without a single dollar of inflows.

The drought has now stretched past two weeks, a sharp turn from the launch period, when the funds topped $1 billion in cumulative inflows within about a month without a single outflow day.

Institutional filings show who has been buying, at least through September. Japanese tech conglomerate Rakuten Group filed a 13F with the Securities and Exchange Commission (SEC) on Nov. 13 listing a Bitwise $XRP ETF position of 6,690 shares worth $111,255 as of Sept. 30, part of a $6.42 million U.S. crypto ETF book.

EDGAR’s full-text search returns 82 13F reports filed since Oct. 1 that mention the Bitwise $XRP ETF. That data runs a quarter behind, though, so it misses the recent outflows.

Looking ahead, the first test now is whether $XRP can close a daily candle back above $1. A reclaim would make Saturday’s wick look like a liquidation flush, similar to what happened back in August, when $XRP bounced from about $0.988 on Aug. 17 to nearly $1.70 by Aug. 22. On the other hand, a failure would turn $1 into resistance and put the November 2024 range back in view. Interesting week ahead!