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XRP price approached $1 on Nov. 10, 2026, as futures positions contracted and U.S. spot exchange-traded funds reported withdrawals. CoinGlass showed XRP near $1.06, approximately 17% below its price seven days earlier. Meanwhile, the XRP Ledger’s proposed lending amendments remained below their required validator support.
The selloff placed XRP near a psychological price level that traders had monitored during earlier declines. Falling futures exposure gave the XRP price another measure of market caution. However, it did not establish that selling pressure had ended.
XRP Price Extends November Losses as $1 Support Comes Into Focus
XRP has reversed its price trend from last week, when it rallied to briefly break above $1.30, and continued falling into November. Since then, the token has been losing multiple support levels, and buyers have been having trouble keeping the momentum going despite brief rallies.
The broader crypto market has also faced selling pressure, but XRP has taken a bigger hit, falling around 13% over the past seven days.
Demand from investment products has also weakened during the sell-off. CoinGlass data showed U.S. spot XRP ETFs recorded $10.42 million in net outflows on November 9.
The decline follows several weeks of weaker market activity. As recent XRP price analysis reported, the token has remained under pressure since its September peak near $1.65.
XRP has also dropped below its 50-week exponential moving average, while the weekly chart continues to show lower price levels. The next major test is $1, with the September low near $0.98 becoming relevant if that support fails.
XRP Open Interest Falls While Whales Accumulate Millions of Tokens
The futures market is showing how traders have responded to the XRP crypto price decline. According to data from CryptoQuant, Binance’s open interest in XRP has seen its 30-day moving average drop from around 512 million to 453 million since the middle of October.
That indicates a pullback by traders as prices declined, but it does not necessarily mean selling has stopped. Without stronger demand, the XRP crypto price could remain vulnerable to another decline toward $1.
There are signs of buying activity among larger holders, however. Analyst Ali Martinez reported that whales accumulated more than 16.46 million XRP over five days.
Also, Binance liquidation heatmap shared by BankXRP shows that XRP has already moved through a lower liquidity cluster. The largest remaining concentrations sit near $1.17 to $1.18, with another smaller pocket around $1.12.
If XRP recovers above $1.12, those higher liquidity levels could become the next areas traders monitor. Martinez also identified $1.30 as a possible recovery target, although his outlook depended on XRP holding $1.14.
XRP Ledger Lending Protocol Still Awaits Validator Support
While traders assess the chances of a recovery, the XRP Ledger continues preparing its proposed lending protocol. The XLS-66 amendment would allow fixed-term, uncollateralized borrowing through pooled vaults, with off-ledger institutions assessing borrowers.
But the proposal hasn’t yet garnered enough validator votes to activate. As of 10th November, the XRPL amendment dashboard shows that 22 validators supported the amendment and 35 voted against it.
The protocol is currently seven votes short of the 29 needed to activate for two weeks. At the same time, the corresponding SingleAssetVault amendment had 23 votes and was still short of the 25 necessary.
The voting process follows September’s release of XRPL version 3.4.0, which introduced further changes to the proposed lending system. A previous XRP Ledger report covered its closed-ended vaults and updated accounting features.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile, and readers should independently assess investment risks.
