By XRP briefly fell below $1 on Friday, November 13, before recovering to approximately $1.02 as cryptocurrency markets struggled to stabilize following Bitcoin’s decline beneath $70,000. The token was down around 1.8% during Friday’s trading, but its recovery left the latest completed daily closing price above the psychologically important $1 threshold.
The intraday breakdown was confirmed across several market data feeds, although the precise low differed. Binance’s XRP/USDT trading pair recorded $0.9975, another market snapshot indicated approximately $0.9967, and CoinGecko’s aggregated 24-hour range showed a low of $0.9998. All three readings placed XRP temporarily below $1 before buyers pushed it back toward $1.02 to $1.03.
The distinction between an intraday decline and a daily closing price matters for XRP holders. Although Friday’s trading briefly breached $1, XRP had not recorded a daily close below that level during the current November selloff. Friday’s daily candle remained incomplete, leaving the closing outcome unresolved.
Did XRP Close Below $1 on November 13?
Not yet. As of Friday’s European trading session, XRP had recovered above $1, and the November 13 daily candle had not closed. Cryptocurrency markets trade continuously, with daily candles commonly measured from midnight to midnight UTC.
The most recent completed Binance daily candle, for Thursday, November 12, closed near $1.041. Friday’s session subsequently opened around that level before selling pressure drove XRP briefly below $1.
A recovery above $1 before the daily close would distinguish Friday’s trading from a sustained closing breakdown. Conversely, a close below $1 would provide stronger evidence that sellers had established control beneath the threshold, although one closing price alone would not determine the next market direction.
XRP has closed below $1 during previous periods, including in August 2026. The current distinction concerns the November decline, during which recent completed daily candles have remained above that level despite successive losses.
The token has retreated sharply since early November. Binance daily data show XRP closing around $1.25 on November 1 and approximately $1.04 on November 12, a decline of nearly 17%. Friday’s temporary break below $1 extended that sequence before the intraday recovery.
Analysts Watch the August 14 Low Near $0.9862
Technical analysts are identifying the August 14 intraday low near $0.9862 as a potential support level if XRP fails to hold $1. The reference point sits slightly below Friday’s reported lows and represents an area where buying interest previously emerged.
Historical price readings differ somewhat between trading venues, with some charts placing the August support area closer to $0.985. The broader $0.985 to $0.986 region is therefore more useful as a technical reference than treating a single four-decimal price as an exact boundary.
A decline through that area would extend the recent sequence of lower prices and could prompt traders to reassess support below $1. Some technical scenarios identify $0.90 to $0.95 as a possible subsequent area of interest, although there is no assurance that XRP would reach those levels.
On the upside, a sustained recovery toward $1.05 to $1.055 would bring XRP closer to recent trading levels before the latest breakdown. The $1.10 to $1.12 region represents another potential obstacle following the token’s losses earlier this week.
These levels describe possible market responses rather than price targets. Whether XRP can recover meaningfully will depend partly on the broader cryptocurrency market, trading liquidity and the persistence of selling pressure.
XRP ETF Outflows Add to Earlier Selling Pressure
U.S. spot XRP exchange-traded funds recorded approximately $18 million in combined net outflows across November 9 and November 10, providing additional context for the token’s recent weakness.
The withdrawals included roughly $10.4 million on November 9 and $7.6 million on November 10. Those figures refer to earlier trading sessions, not new outflows recorded during Friday’s intraday decline.
The withdrawals followed a period of weakening cryptocurrency prices and reduced demand for regulated digital-asset investment products. As previously covered in FinanceFeeds’ analysis of cryptocurrency ETF outflows, XRP investment products experienced consecutive sessions of redemptions alongside selling in Solana funds.
ETF withdrawals can contribute to pressure on underlying cryptocurrency markets, depending on how funds manage redemptions and associated holdings. However, the available figures do not establish that the November 9 and 10 outflows directly caused XRP’s November 13 break below $1.
The relatively small size of the withdrawals compared with total XRP trading activity also makes broader market conditions an important consideration. Fund flows are one indicator of investment demand, rather than a complete explanation of short-term price movements.
Bitcoin Below $70,000 Keeps Crypto Markets Under Pressure
XRP’s decline occurred during a wider cryptocurrency selloff that pushed Bitcoin below $70,000 and briefly beneath $68,000 earlier Friday. Bitcoin subsequently traded around $68,000 to $69,000, remaining below the level it had lost during the overnight decline.
As detailed in FinanceFeeds’ coverage of Bitcoin’s fall below $69,000, approximately $1.4 billion in leveraged cryptocurrency positions were liquidated over a rolling 24-hour period, with long positions accounting for most of the losses.
Forced liquidations can intensify market declines as exchanges close leveraged positions whose collateral has become insufficient. That mechanism can affect multiple cryptocurrencies simultaneously, making it difficult to attribute XRP’s movement to a single token-specific development.
Bitcoin’s inability to recover $70,000 has also limited confidence in a broader market rebound. XRP’s recovery from its intraday low therefore occurred against a backdrop of continued uncertainty rather than a decisive improvement in cryptocurrency market conditions.
For XRP holders, the immediate question is whether Friday’s trading finishes above $1. A close above that threshold would preserve the distinction between the brief intraday breach and a confirmed daily breakdown in the current decline. A close below it would shift attention toward the August support region near $0.9862, particularly if Bitcoin remains weak.