XRP Falls to 89 Cents on Coinbase, Its Lowest Since November 2024

$XRP fell to 89 cents on Saturday, Nov. 14, its lowest price on Coinbase since November 2024, extending a selloff that has left holders with larger percentage losses than bitcoin and ether over the past week and four weeks.

Coinbase's $XRP-dollar market recorded a low of $0.8922 in the minute beginning at 6:03 p.m. ET. $XRP subsequently recovered to about 95 cents, according to a CoinGecko quote updated at 9:51 p.m. ET.

The low extends the decline The Defiant reported on Nov. 10, when $XRP traded near $1.04. $XRP is the native asset of the $XRP Ledger, a blockchain designed for payments.

Coinbase's daily trading records last show a price below Saturday's trough in the trading day dated Nov. 16, 2024, in UTC, when $XRP reached $0.8784. The comparison covers the exchange's intervening daily lows, not just daily closing prices, and is specific to its $XRP-dollar market.

Using the last trades in completed UTC trading days through Nov. 14, $XRP lost about 21.4% over seven days and 29.3% over 28 days. Bitcoin fell 15.4% and 21.2%, respectively, while ether lost 20.9% and 26.3%. Those matching windows end at 7 p.m. ET Saturday; they do not include the later recovery toward 95 cents.

Less Stablecoin Funding

The broader market's stablecoin base has also contracted. DefiLlama's dashboard, dated Nov. 15, put total stablecoin market capitalization at about $284.9 billion, down 5.25% over 30 days and 1.51% over seven days.

That supports the direction of the shrinking-stablecoin explanation for market weakness, but does not establish how much of $XRP's decline it caused.

Earlier ETF flow data also showed withdrawals. In its report on the Nov. 2–6 trading week, data provider SoSoValue reported $529,500 in net outflows from U.S. spot $XRP exchange-traded funds. That was substantially smaller than the same week's $1.28 billion in bitcoin ETF withdrawals and $365 million from ether funds. The flow figures document redemptions, not a measured explanation for $XRP's relative underperformance.