XRP Price Falls 5% on ETF Outflow, Inflation Concerns
Ripple (XRP) price dropped by 5% in the last 24 hours to $1.05 on Wednesday as investors continue selling crypto assets amid dampened sentiment, exchange trading data revealed.
XRP price, however, fell more sharply than Bitcoin and the broader crypto market, driven mainly by hotter U.S. inflatthe ion data and renewed Fed rate concerns.
On Nov. 10, U.S. October consumer price index (CPI) rose 0.4% month over month versus 0.3% expected, while core CPI rose 0.3% versus 0.2% expected.
The surprise strengthened expectations for tighter Fed policy, weighing on crypto; XRP’s 4.50% drop exceeded Bitcoin’s 1.56% decline and the market’s 1.89% fall.
The macro shock likely pressured XRP, but its larger fall suggests additional XRP specific selling.
XRP spot ETFs recorded about $10.42 million in net outflows on Nov. 10, their largest daily withdrawal since March 9. Crypto-wide selling followed the inflation report; reported liquidations were market-level, not XRP-specific.
Reduced ETF demand may have compounded, rather than initiated, the broader selling. XRP is near $1.05 support. If it holds and reclaims $1.07, it could test $1.13; a break below $1.022 risks $0.986.
The Nov. 13 Bitcoin options expiry is a near-term market trigger, while XRP’s 1h price below its 7- and 30-period averages confirms near-term weakness.
The bias remains bearish unless buyers reclaim nearby resistance. Traders are monitoring whether $1.05 holds and whether XRP can recover above $1.07.
Meanwhile, the XRP Ledger Foundation has outlined a proposal for quantum-resistant signatures, with a transition targeted by 2028. The draft still needs development and validator approval; account migration, transaction size, and costs remain considerations.
