XRP Slips Below $1 After Nine Losing Days as ETFs Shed $19.13M

XRP traded near $0.969 on November 14, down 4.88% over 24 hours, according to CoinGecko data. The move marked the token's ninth consecutive daily loss since November 5, while US spot XRP ETFs recorded their largest weekly outflows in eight months.

The token ranked sixth by market capitalization at 15:35 UTC, with a valuation of $61.55 billion. A negative close on November 14 would extend the streak to ten days, the longest run of losses since the start of 2026, according to U.Today's account of the selloff.

How Large Were the ETF Withdrawals?

US spot XRP ETFs lost $19.13 million in the week ending November 13, per SoSoValue figures cited by BeInCrypto. It was the funds' second consecutive week of net withdrawals and their largest since March 13.

• November 9: $10.42 million outflow, the largest daily figure since early March
• November 10: $7.62 million outflow
• November 13: $1.09 million outflow, after two flat sessions

Only three weeks since the funds launched in November 2025 saw larger withdrawals: the weeks ending January 23, January 30 and March 13. Total net assets fell 14% in one week to $1.15 billion; roughly $191 million of contraction, of which net redemptions accounted for $19.13 million and falling token prices for most of the rest.

The withdrawals came as broader crypto ETF products lost $1.48 billion between November 4 and November 10, a difficult backdrop for XRP funds. The funds retain $1.79 billion in cumulative net inflows since launch.

What Pressure Hit Evernorth?

Evernorth, the Nasdaq-listed XRP treasury company trading as XRPN, saw its shares fall roughly 83% from a debut intraday peak near $53 to below $9. The company listed on October 12, 2026 through a merger with Armada Acquisition Corp. II, launching with approximately 473 million XRP and around $300 million in gross cash proceeds, according to CryptoPotato.

CEO Asheesh Birla described an actively managed treasury strategy intended to increase "XRP per share" over time. Ripple, SBI Group, Kraken and Pantera Capital participated in the broader transaction, and Evernorth selected Ripple, Coinbase, Kraken and BitGo as execution partners.

XRPN fell more than 23% on November 10, when a resale registration covering up to 73.69 million Class A shares became effective. Around 19.1 million of those were issued Class A shares; others required conversions or exchanges, and some remained under lockups. The company also issued $30 million of 4% convertible senior notes to NH Investment & Securities at an initial conversion price of $10.20 per share — above the stock's later level below $9.

Are Large Holders Accumulating?

Santiment counted 343,500 wallets holding at least 10,000 XRP as of November 14. That cohort grew by 16,815 wallets, or 5.15%, over nine months, with the fastest increase during November — a signal the source read as accumulation by larger holders during weakness. XRP had lost more than 30% over seven weeks and more than 20% in November, according to CryptoRank.

How Does 2026 Compare?

XRP ended the first quarter of 2026 at $1.33 after losing 27.1%, its weakest Q1 since 2018, when it lost 77.7%. The token's all-time high remains $3.65, set on July 17, 2025. CryptoRank's 2013–2025 sample shows seven negative Novembers followed by six negative Decembers; December 2015, up 43.8%, was the sole exception.

The selloff unfolded alongside a stronger US dollar: the dollar index reached its highest level since April 2025 on Friday, following hotter-than-expected inflation data earlier in the week.

What Comes Next?

Technical analysis cited in the coverage places the next support band at $0.93–$0.96 after $0.99 and $0.97 gave way, with $0.80 and a bearish case of $0.77 — last reached in October 2025 — below that. Recovery scenarios identify $1.09–$1.11 and $1.10–$1.15 as initial resistance, contingent on XRP regaining $1, continued large-wallet growth and Bitcoin stabilizing.

The November 14 close will show whether the losing streak reaches ten days, and the next weekly flow report will indicate whether ETF redemptions persist or the channel returns to inflows.