From 24/7 Wall St. · Sam Daodu · · 1m 40s
XRP Drops Below $1
XRP crashes below $1 as Bitcoin falls and rate hike fears intensify.
In brief
XRP crashes below $1 as Bitcoin falls and rate hike fears intensify. XRP fell below $1 due to Bitcoin's decline, rising Fed rate hike expectations, and forced liquidations. Originally reported by 24/7 Wall St..
XRP Drops Below $1
XRP has recently dropped below $1, now trading around $0.96, down 6.3% in just 24 hours.
Support Level Crumbled
XRP reached $1.04 at 13:00 UTC on November 13, 2026, but fell sharply to about $0.956.
Bitcoin Decline Drives XRP Down
Bitcoin trades at $65,906, down 4.3% in 24 hours, below its November 13 low of $67,555.
Rate Hike Expectations Impact XRP
Fed funds futures indicate an 88.7% chance of a quarter-point rate increase during the Federal Reserve’s December 9 meeting.
Bond Yields Pressure XRP
The 10-year Treasury yield stood at 5.15% on November 13, creating competition for XRP.
Forced Liquidations Accelerate Drop
$1.23 billion in leveraged cryptocurrency positions were liquidated within 24 hours, with over $1 billion from long positions.
ETF Outflows Signal Pullback
U.S. spot XRP funds saw $19.1 million in net outflows from November 9 to 13.
XRP Drops More Than Bitcoin
Over seven days, XRP lost 17.4% while Bitcoin dipped only 13%; in 30 days, XRP fell 28% vs Bitcoin’s 20.5%.
Thinner Order Books Intensify Selloff
XRP’s thinner order books mean fewer buy orders at various price points, making it easier for selling pressure to drive prices down.
SMA Signals Downward Trend
XRP’s 20-day average is $1.20, 25.1% above current price, signaling a downward trend across timeframes.
Trading Volumes Surge
Trading volume surged to about 13 million, nearly five times the 2.6 million traded during the quieter 12:00 UTC hour.
What it means
XRP fell below $1 due to Bitcoin's decline, rising Fed rate hike expectations, and forced liquidations.
