XRP Crashes to an 11-Week Low After Its $1.35 Rebound Fails

XRP suffered one of its worst days in months on Friday, November 6, 2026, sliding roughly 10 percent to around $1.18 and reaching its lowest level in eleven weeks. The drop erased a brief recovery that had carried the token as high as $1.35 only about 36 hours earlier, and it left XRP as the weakest performer among the thirty largest altcoins during a broad market sell-off. For holders who had hoped the midweek bounce marked a turning point, the message from the market was blunt: the rebound had failed and sellers were still in control.

The speed of the reversal is what made the day so painful. On November 4, XRP had climbed back to $1.35, a move that encouraged buyers who believed the worst of the autumn correction was over. That optimism lasted barely a day and a half. By November 6 the token had given back the entire gain and more, breaking first through $1.30, then through the psychologically important $1.20 level, and finally slipping under $1.185. Measured from the $1.35 rebound high, the decline amounts to roughly 13 percent. Live market data captured the damage in stark terms: XRP was trading at $1.1553, down 4.26 percent on the day at the time of the snapshot, with a five-day return of minus 5.55 percent, a one-month return of minus 16.9 percent, a year-to-date return of minus 37.16 percent, and a one-year return of minus 48.98 percent. Those figures, all snapshots from November 6, describe a token deep in a downtrend rather than one merely suffering a bad day.

XRP 11-Week Low Arrives as the Whole Market Sells Off

XRP did not fall in isolation. The wider crypto market was under heavy pressure on November 6, and the largest assets set the tone. Bitcoin was rejected at $81,000 and fell to around $75,000, while Ethereum dropped below $2,220. When the two market leaders lose that much ground in a single session, altcoins almost always fall further, because traders sell their riskiest holdings first and move toward cash or stablecoins. XRP followed that pattern exactly, only more so. Its decline of close to 10 percent outpaced most of its large-cap peers, which is why it ranked as the weakest performer among the top thirty altcoins during the sell-off, according to market coverage of the day. Its market value stood at roughly $75 billion to $75.3 billion after the drop, below BNB at around $90 billion.

The context matters because it explains why the $1.35 rebound could not hold. A bounce inside a falling market is fragile by nature. Buyers who stepped in on November 4 were betting that Bitcoin would stabilise and that risk appetite would return. Instead, Bitcoin’s rejection at $81,000 told the market that sellers were still defending higher prices, and the subsequent slide toward $75,000 removed the floor from underneath every altcoin rally. XRP, which had already been weakening for weeks, had no independent catalyst strong enough to resist that tide. The result was a cascade: stop-loss orders triggered as $1.30 gave way, momentum traders piled in on the short side as $1.20 broke, and the slide accelerated into the $1.18 area before finding even a temporary pause.

Why the XRP Price Crash in November Hit So Hard

Several forces combined to make November 6 especially damaging for XRP. The first was the absence of the buying support that had cushioned earlier dips. XRP spot exchange-traded funds recorded no new inflows for three consecutive days, according to market reporting, removing a steady source of demand at precisely the moment sellers were most active. Cumulative net inflows into XRP ETFs still stand at roughly $1.81 billion, according to SoSoValue data, so the products themselves remain a meaningful presence in the market. But flows, not totals, drive day-to-day prices, and three flat days in a row told traders that the institutional bid had gone quiet.

The second force was positioning. Derivatives data showed many long positions sitting at risk of forced liquidation if the price fell further. That is a dangerous setup in a falling market, because each liquidation becomes a market sell order, which pushes the price lower, which triggers the next round of liquidations. XRP also fell below its 200-day moving average, a long-term trend line that many funds and systematic traders watch closely. Losing that average is often read as confirmation that the broader trend has turned down, and it can prompt trend-following strategies to reduce exposure, adding further pressure.

The third force was sentiment. Bullish observations from well-known analyst Ali Martinez about exchange withdrawals and large-holder balances had circulated before the drop, suggesting supply on exchanges was tightening and big holders were accumulating. Those signals failed to translate into a lasting recovery. The lesson is an old one in crypto markets: on-chain signals can describe supply conditions accurately and still be overwhelmed by a market-wide risk-off move, because price in the short term is set by whoever is most desperate to trade.

XRP $1.18 Support: The Levels Traders Are Watching Now

With the rebound broken and the 200-day average lost, attention has turned to the chart levels below the current price. Technical analysis published on November 6 put immediate support at around $1.1766, with further support at roughly $1.14 and then $1.12. The message is clear: $1.18 is not a floor, it is a ledge. Losing it cleanly could expose the lower levels in short order. Commentary from Binance Square pointed to $1.16 as the next support, followed by the psychologically critical $1.00 level if selling continues. A fall to $1.00 would be a round-number test that tends to attract both bargain hunters and headlines.

On the upside, the path back is equally well defined. Recovery would first require reclaiming the $1.22 to $1.24 zone, the area where the recent breakdown began. Until XRP trades back above that band, any bounce risks being treated as another selling opportunity rather than the start of a new uptrend. The daily relative strength index, a momentum gauge, stood near 33, approaching oversold territory. That reading suggests the selling has been intense and that a short-term bounce is possible, but it is not by itself a buy signal. Oversold markets can stay oversold, particularly when the broader market is still falling, and traders who buy purely because the RSI is low often discover that the index can drift lower still.

What would change the picture? The most likely candidates are a stabilisation in Bitcoin above $75,000, a return of inflows into XRP spot ETFs, or a piece of XRP-specific news strong enough to attract buyers independently of the market. None of those was visible on November 6. Until one appears, the technical structure argues for caution.

Ledger Progress Continues Even as the Price Falls

Away from the price chart, development on the XRP Ledger carried on, offering a reminder that network fundamentals and token price do not always move together. A proposed Lending Protocol known as XLS-66 reached 23 Yes votes among the 35 trusted validators, leaving six more votes needed to reach the 29-validator threshold required for activation. The milestone was highlighted by XRPL validator Vet, known on social media as @Vet_X0, and it represents a meaningful step toward native lending functionality on the ledger. If activated, the protocol would allow lending markets to operate directly on XRP Ledger infrastructure, a capability that supporters argue could deepen the network’s decentralised finance offering and attract new kinds of activity.

There was also a notable supply signal. The tradable supply of XRP on Binance tightened, with a scarcity gauge reaching around 2.1, its highest reading since 2022. A tightening exchange supply is generally read as a sign that fewer coins are immediately available for sale, which can support prices when demand returns. The catch, demonstrated plainly on November 6, is that scarcity only matters when buyers show up.

What Comes Next for XRP Holders

The near-term outlook hinges on whether $1.18 holds or gives way. A stabilisation here, followed by a reclaim of $1.22 to $1.24, would suggest the selling is exhausting itself. A clean break below $1.1766, on the other hand, would open the way toward $1.14 and $1.12, and would likely trigger another round of forced liquidations among leveraged longs. Below that, $1.00 looms as the level where the market’s resolve will truly be tested. Traders should also watch Bitcoin’s behaviour around $75,000, because XRP has shown no ability lately to rally while Bitcoin falls, and ETF flow data, because a return of daily inflows would be the clearest sign that institutional demand is re-engaging.

Frequently Asked Questions

Why did XRP crash to an 11-week low on November 6?

XRP fell about 10 percent to around $1.18 as Bitcoin was rejected at $81,000 and dropped toward $75,000, dragging the whole market lower. XRP spot ETF inflows had stalled for three straight days, leveraged long positions faced liquidation risk, and the token fell below its 200-day moving average, which accelerated the selling.

What is the next support level for XRP below $1.18?

Technical analysis published on November 6 put immediate support near $1.1766, followed by about $1.14 and $1.12. Separate commentary pointed to $1.16 as the next level, with $1.00 below that. Recovery would first require reclaiming the $1.22 to $1.24 zone.

Did the XRP rebound to $1.35 fail?

Yes. XRP briefly recovered to $1.35 on November 4, but the move collapsed within about 36 hours. The token lost $1.30, then $1.20, then slipped under $1.185, ending roughly 13 percent below the rebound high and at its lowest level since late August.

Are XRP ETFs still seeing inflows?

Cumulative net inflows into XRP spot ETFs stand at roughly $1.81 billion, according to SoSoValue, but there were no new inflows for three consecutive days around November 6. That pause removed an important source of buying support during the sell-off.

What is the XLS-66 Lending Protocol on the XRP Ledger?

XLS-66 is a proposed native lending protocol for the XRP Ledger. It had reached 23 Yes votes among 35 trusted validators, needing six more to hit the 29-vote threshold for activation. If approved, it would bring on-ledger lending markets to the network.

Source: CoinPaper/Bitcoin Foundation.

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