XRP Plunges by 10% to $0.9146 on Aggressive Selloffs
Ripple (XRP) price tanked 10% to $0.9146 in weekend trading, falling more sharply than Bitcoin and the broader crypto market. The move appears driven primarily by macro pressure on crypto, with weaker XRP fund flows adding to the strain.
Broad market weakness, driven by inflation and expected Fed rate increases, pressured Bitcoin and other crypto assets. Bitcoin fell 5.75%, and the total crypto market cap dropped about 5.4%, while XRP fell 9.47%.
Recent reports linked the wider selloff to hotter inflation data, a stronger dollar, and rising expectations of a December rate hike.
XRP moved with the market, but its larger decline suggests the broad selloff was amplified by weakness in higher risk altcoins. XRP volume rose 21.16%, consistent with heavier trading during the drop, but it doesn’t prove a specific catalyst.
U.S. XRP funds recorded $19.1 million in net outflows for the week ending November 13, according to market reports. XRP also trades below its daily pivot at $1.02 and its 7-day average at $1.08, which reflects weak short-term price structure.
Fund withdrawals and weak price structure may add selling pressure, but neither establishes the original cause. If XRP reclaims $1.00–$1.02, it could test $1.08; staying below $1.00 leaves downside pressure in place.
The December 9 Fed decision is a concrete upcoming macro event; in the next 24–48 hours, watch XRP’s ability to recover $1.00 and whether XRP fund outflows continue.
The near-term bias is bearish unless price recovers those levels, though easing rate concerns or renewed fund inflows could improve the picture.
Macro-driven market weakness is the clearest driver; XRP’s fund outflows and underperformance may be amplifying it.
Elsewhere, Ripple-backed Evernorth raised $35.3 million gross as warrant holders exercised more than 3 million warrants. The company could use some funds to acquire XRP, but said purchases are discretionary; proceeds may also support operations and liquidity
This is cautiously positive for potential XRP demand, but the company disclosed no XRP purchases. The actual impact depends on how Evernorth allocates the funds and whether any accumulation outpaces share dilution. XRP Stages Price Recovery as SBI CEO Reaffirms Confidence
