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ETF Outflows, $1.06 Support & 21Shares' Value Capture Warning | Nov 9-10
Audio is available on Spreaker — see link below.
XRP drops to $1.06 as spot ETF outflows top $10M in two days and 21Shares warns the token is 'poorly understood' by markets. RSI hits 23, the $1.00 psychological floor is now in focus, and AI models are split on what comes next.
Audio is available on Spreaker — see link below.
David Schwartz spent years quietly selling XRP. Now that it's public, the market is asking a harder question: if the person who helped build the network didn't want to hold it, why should anyone else?
XRP is now trading near one dollar and six cents after a twenty-five percent decline over the past month. Weekly losses sit at around fifteen percent.
Institutional behavior is confirming what the chart is showing. US spot XRP ETFs recorded over ten million dollars in net outflows on November ninth and tenth.
Twenty-one Shares also published something worth taking seriously alongside those outflows. They labeled XRP as "poorly understood" despite its profile, and drew a clear line between what the XRP Ledger does and what that means for token price.
Three AI models were asked to evaluate XRP's position. ChatGPT and Claude both recommended holding, with ChatGPT projecting a price target of three dollars and fifty cents by two thousand twenty-seven.
XRP fell roughly twice as fast as Bitcoin during November's downturn. Bitcoin declined nine percent over the same period.
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