According to CoinGlass market data, approximately $27 million in $XRP derivatives positions were liquidated over 24 hours, with long positions accounting for about 97% of the total.
Why Is $XRP Crashing? Bitcoin and Ethereum Deepen Market Selloff
$XRP's decline is unfolding alongside significant losses across the wider cryptocurrency market, rather than following a single negative announcement from Ripple.
Bitcoin has fallen toward $64,000–$65,000, extending its recent selloff, while Ethereum has approached $1,800 after previously struggling to hold the $2,000 threshold.
The broader decline follows stronger U.S. inflation data and expectations that the Federal Reserve may maintain tighter monetary policy.
Coinbase Institutional reported that the combined supply of USDT, USDC and DAI contracted by $11.5 billion over 30 days, potentially reducing available buying liquidity across cryptocurrency markets.
Higher interest-rate expectations also make speculative investments less attractive relative to interest-bearing assets, adding pressure to altcoins including $XRP.
$XRP ETF Outflows and Liquidations Add Selling Pressure
Institutional investment products have provided little protection against the latest downturn.
U.S. spot $XRP ETFs recorded approximately $19.1 million in net withdrawals during the November 9–13 trading week, according to compiled fund-flow data.
However, cumulative net inflows since launch remain around $1.79 billion, indicating that the recent withdrawals represent only a fraction of historical investment.
The selloff also follows an earlier 21Shares $XRP ETF disclosure, which highlighted losses despite a strong third-quarter recovery.
Meanwhile, falling $XRP prices have triggered liquidations across both centralized derivatives platforms and decentralized lending markets.
An earlier wave of 883 $XRP-backed loan liquidations on Morpho resulted in 4.18 million cbXRP being seized, illustrating how declining collateral prices can create additional selling pressure.
$XRP Price Prediction: Is $0.90 the Next Target?
With $XRP trading below $1, attention is shifting toward whether buyers can defend the $0.94–$0.95 region.
A sustained break below $0.94 could expose the $0.90 psychological level, while a deeper market-wide correction could put $0.85 into focus.
Conversely, reclaiming $0.98 would provide an initial sign of stabilization, although $XRP would need to recover $1 before the immediate bearish structure meaningfully improves.
The latest weakness also contrasts with Ripple's banking expansion, which has continued despite falling $XRP prices.
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