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Sub-$1 XRP, ETF Redemptions & Whale Accumulation at a 1-Year High
Audio is available on Spreaker — see link below.
XRP broke below one dollar for the first time this cycle as $622M in forced liquidations hit crypto markets overnight — but on-chain whale wallets just hit a one-year high. Today's briefing covers the macro trigger, ETF outflows, RLUSD volume claims, and the CLARITY Act's quiet death.
Audio is available on Spreaker — see link below.
XRP just broke below one dollar for the first time this cycle. Overnight on November thirteenth, it touched zero point nine nine nine eight, pulled down by six hundred and twenty-two million dollars in forced crypto liquidations over four hours.
On the institutional side, the picture deteriorated quickly. Bitwise's XRP ETF lost nine point four million dollars in a single session.
Here's where the picture splits. While spot markets sold off and ETF investors exited, large on-chain wallets kept buying.
Away from price, the XRP Ledger did see a genuine technical milestone. Ripple's planned lending system reached twenty-two of thirty-five validator votes as of November thirteenth.
October data on RLUSD produced a headline worth examining carefully. The XRP Ledger processed twenty point zero five six billion dollars in RLUSD transfers versus Ethereum's fifteen point four four nine billion.
On regulation, the Digital Asset Market Clarity Act is now officially dead. Former CFTC Chairman Christopher Giancarlo confirmed the bill became, in his words, unloved by everybody.
The near-term watchpoints are clear. Can XRP reclaim one dollar, or does macro weakness push it toward the August low near ninety-nine cents, the level that preceded a seventy-two percent rally last time.
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