XRP Price Falls Below $1 After Nine Straight Losses, but Bollinger Bands Signal Key Support

XRP has suffered nine consecutive days of losses, briefly falling below $1 as selling pressure spreads across the cryptocurrency market. Despite the downturn, technical indicators show that the cryptocurrency remains within its established weekly trading range.

According to TradingView, XRP fell to $0.9974 on Friday for the first time since August 14, before recovering to $1.025 on Saturday after declining from $1.30 in early November. Meanwhile, XRP has lost nearly 38% from its autumn peak of approximately $1.60, reflecting sustained weakness across major cryptocurrencies.

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XRP Weekly Bollinger Bands Identify $0.90 as Important Support

XRP remains above the lower weekly Bollinger Band despite recording nine consecutive negative trading sessions. TradingView places this technical boundary near $0.90, indicating that the cryptocurrency has not breached its lower weekly range.

Bollinger Bands measure price volatility and identify potential trading boundaries using moving averages and standard deviations. Consequently, XRP’s position above $0.90 provides an important technical reference as selling pressure affects broader cryptocurrency markets.

Additionally, Bitcoin dropped below $70,000 on Friday amid weakness in technology stocks and changing Federal Reserve expectations. CME FedWatch data also reflected growing expectations of a December interest rate hike following October inflation figures.

XRP ETF Outflows Increase as Whale Wallet Holdings Reach Annual High

Institutional investment activity weakened as U.S. spot XRP exchange-traded funds recorded combined net outflows of $18.04 million. According to SoSoValue, investors withdrew $10.42 million on November 9 and another $7.62 million on November 10. Meanwhile, the funds recorded no net flows on November 11 and November 12.

Total ETF assets declined from $1.51 billion on October 28 to $1.16 billion by November 12. Nevertheless, cumulative net inflows remained at $1.79 billion, with Bitwise holding approximately $420.29 million in assets.

Separately, Santiment recorded 2,260 additional wallets holding at least 10,000 XRP over 30 days. Addresses containing one million XRP reached 2,147, their highest level in 2026. Despite ETF withdrawals and declining prices, growing whale wallet numbers highlight contrasting trends among XRP market participants.