Why is XRP below $1? The token slides to $0.98, its lowest price since November 2024, as leveraged longs are flushed out
The move follows bitcoin's own break lower, covered in our report on bitcoin falling below $70,000. XRP has now lost about 20% since the start of November, when it changed hands near $1.25.
What happened
The first break came on Friday, November 13. Binance daily data shows XRP opened near $1.04, dropped to a low of $0.9975 and recovered to close at $1.011. FinanceFeeds reported that buyers pushed the price back towards $1.02 and noted that, at the time, the November sell-off had not yet produced a daily close under $1.
The bounce did not hold. In Saturday's Asian session XRP slipped back through the round number and reached $0.9843. That matters for a technical reason: the lowest Binance print during August's dip was $0.9862 on August 14, a level several analysts had been treating as support. Saturday's low is under it, which makes it the lowest Binance price since November 2024, the month XRP first climbed back above $1.
The selling was not specific to XRP. Bitcoin fell below $70,000 on Friday, and FinanceFeeds put liquidations across crypto at about $1.4 billion over a rolling 24 hours, mostly long positions. For XRP alone, CoinGlass figures cited by U.Today and relayed by CryptoTicker showed about $18.8 million liquidated in 24 hours, 94% of it longs. CryptoTicker's explanation is mechanical: stop-loss orders and liquidation thresholds were clustered around $1.
Fund flows offered no cushion. FinanceFeeds reported about $18 million in combined net outflows from US spot XRP funds on November 9 and 10, while cautioning that those sessions came before Friday's drop and do not prove cause. CryptoTicker reported zero net inflows on November 12.
What the market is pricing
Spot prices are from Binance as of 05:08 UTC on November 14. Prediction market prices are from Polymarket, read at 05:09 UTC through BetG8's XRP topic page and Polymarket's own data feed. We did not find a comparable Kalshi contract to read, so the table shows Polymarket only.
| Market | Reading | Context |
|---|---|---|
| XRP spot (Binance) | $0.9952 | Down 0.86% in 24 hours; 24h range $0.9843 to $1.0437 |
| Polymarket: XRP above $1.00 on November 14 | 36.5% | Down 26.0 points in 24 hours |
| Polymarket: XRP between $0.90 and $1.00 on November 14 | 61.2% | Up 25.8 points in 24 hours |
| Polymarket: XRP touches $0.90 or lower by November 15 | 4.3% | Weekly contract |
| Polymarket: XRP touches $0.80 or lower in November | 14.0% | Monthly contract |
| Polymarket: XRP touches $1.20 or higher in November | 14.0% | Monthly contract |
| Polymarket: XRP hits $2 by December 31, 2027 | 44.0% | Down 1.5 points in 24 hours |
Two things stand out. First, the monthly contracts are symmetrical: traders put the same 14% price on a further fall to $0.80 as on a recovery to $1.20. Second, the money involved is small. BetG8's topic page counts 19 live XRP markets with about $300,000 in combined volume, so these prices can move on modest orders and should be read with that in mind.
Derivatives positioning has flipped. BetG8's live crypto funding rates page showed XRP perpetual funding on Hyperliquid at an annualized -6.9% at 05:09 UTC, meaning traders who are short are paying those who are long, with $89.0 million of open interest. Bitcoin funding on the same venue was +11.0%, the neutral baseline. At 05:08 UTC bitcoin was at $67,056, down 2.2% in 24 hours.
Why it matters
Round numbers carry weight in crypto because so many orders sit on them, and $1 has been XRP's reference point all year. In August the token spent about a week testing it, closed below it on only two days according to Binance data, and then rallied to $1.70 within days. That rebound is why the August low was watched so closely, and why a print underneath it changes the picture for traders who had been using it as a line.
The wider context is a long decline. XRP's record on Binance is $3.66, set in July 2025; the current price is about 73% below that. The analysts quoted by our sources name $0.90 as the next area of interest on the downside, with CryptoTicker also citing $0.80, and $1.04 to $1.05 as the first resistance above. FinanceFeeds stressed that these are possible market responses and not targets, and BetG8 does not forecast prices.
What to watch next
The first marker is Saturday's daily close at 00:00 UTC. A finish under $1 would be the first on Binance since August 16. Polymarket's weekly XRP price contract closes on November 16 and the monthly one on December 1.
Bitcoin remains the main driver. Its 24-hour low on Binance was $66,456, and XRP has tended to follow its direction through this sell-off. The Federal Reserve's December 9 decision is the next scheduled macro event for risk assets; pricing is on our Fed rate decision odds page, and the latest on bitcoin fund flows is in our report on bitcoin ETF outflows.
Method: spot prices and historical lows are from Binance's XRP/USDT market; liquidation and fund flow figures are as reported by the sources below and were not independently verified.
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Frequently asked questions
Why is XRP below $1?
XRP fell with the rest of the crypto market as bitcoin dropped under $70,000 and leveraged long positions were closed by force. CoinGlass data cited by U.Today showed about $18.8 million of XRP liquidations in 24 hours, 94% of them longs, and US spot XRP funds have not been drawing new money. No single XRP-specific event explains the move.
How low did XRP go?
On Binance, XRP touched $0.9843 on Saturday, November 14, 2026, and traded at $0.9952 at 05:08 UTC. That low is under the August 14 low of $0.9862 and is the lowest Binance price since November 2024. Friday's low was $0.9975, with a daily close of $1.011.
What are the odds XRP falls to $0.80?
At 05:09 UTC on November 14, Polymarket priced XRP touching $0.80 or lower before the end of November at 14.0%, and touching $0.90 or lower by November 15 at 4.3%. Volume in these contracts is small. These are market prices, not predictions.
Sources
- CryptoTicker, XRP price below $1 as long liquidations build
- FinanceFeeds, XRP briefly falls below $1, rebounds to $1.02
- Binance, XRP/USDT spot ticker and daily candles, read 05:08 UTC
- Polymarket, XRP price markets, read 05:09 UTC
- Hyperliquid funding data, read 05:09 UTC via BetG8's live page
Market prices, not predictions or advice. 18+. This page reports market prices and published facts; it is not betting, financial or legal advice. If gambling stops being fun, help is available at 1-800-GAMBLER.