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XRP Breaks $1: ETF Outflows, Fed Rate Fears & What Comes Next
Audio is available on Spreaker — see link below.
XRP has broken below $1 for the first time since November 2024, triggering $43.88M in liquidations and the highest spot ETF outflows since March. Today's briefing unpacks the macro forces, XRPL stablecoin drain, and the key levels every XRP investor needs to watch.
Audio is available on Spreaker — see link below.
XRP just broke below one dollar for the first time since November twenty twenty-four, and that's the number everything else in this briefing orbits around. The price range in the past twenty-four hours has been eighty-nine to ninety-nine cents.
Spot XRP ETFs recorded nineteen point one three million dollars in weekly outflows. That's the highest since March, and it matters because institutional products were supposed to be the stabilizing layer.
On the XRP Ledger itself, stablecoin market cap fell roughly seventy-nine million dollars in one week, landing at nine hundred eight point two one million dollars. RLUSD dropped eight point seven five percent to eight hundred eighteen point five six million dollars.
The macro context is doing most of the work here. October CPI came in above expectations.
The broader stablecoin picture adds another layer. Combined USDT and USDC market cap fell to two hundred forty-four point four two billion dollars, the lowest since September twenty twenty-five.
A few things to track from here. First, whether XRP finds a floor in the eighty-nine cent range or whether selling pressure continues toward lower technical support levels.
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