XRP Trading Volume Falls 58% as Long Bets Get Liquidated

Volume Slides 58% in 24 Hours

XRP turned in one of its quietest sessions of recent weeks, with 24-hour trading volume down 58.15% even as the coin drifted inside a tight range. At 13:39 UTC on Sunday, Upbit showed the token at 1,589 won, 3 won or 0.19% below the prior close, in a session that ranged from 1,577 to 1,596 won. Local turnover came to roughly 23.9 million XRP, worth about 37.9 billion won. Global market data told the same story on volume: the token traded near $1.16 at that hour, up 0.1% across 24 hours inside a $1.15 to $1.17 band, while total turnover stood at $862.9 million, a little over half what it had been a day earlier. The XRP price now sits near $1.13, about 2.8% lower across the same window. Our XRP market coverage tracked the drift through late Sunday without a single catalyst to pin it on. Derivatives carried the sharper part of the event. Roughly $10.7 million in XRP perpetual futures positions were liquidated during the day, and most of it came from traders who had bet on the price going up. A liquidation closes a leveraged position automatically once the margin behind it falls below what the venue requires, so these longs were exited by the market rather than by choice. That detail matters: the selling did not come from new shorts pressing the tape, it came from bullish bets that ran out of margin while the price barely moved, a signature of exhaustion in a flat market rather than of a crash. None of this required a headline; it required margin, and the margin ran out. Volume falling that fast while price holds a narrow band usually means fewer participants are willing to trade the range, and the longs who stayed in paid for it.

Bitcoin ETF Outflows of $412 Million

The background to the weak tape sits with United States exchange-traded funds. Aggregated fund-flow trackers recorded a net outflow of $411.92 million from US spot Bitcoin ETFs on Friday, November 6, and automated market models covering XRP named those Bitcoin ETF outflows as the bearish driver behind the token's 0.65% drop over its own 24-hour window earlier on Sunday. When institutional products bleed cash, risk appetite for a high-beta altcoin thins quickly, and the liquidation cluster in XRP futures was the visible result. Bitcoin's weight across the market leaves smaller assets little room to rally on their own while its institutional funds are leaking. The day's two price prints also need separating. Upbit measures its change against the prior close, while global trackers measure against the price 24 hours earlier, which is why the Korean market showed a 0.19% dip at 1,589 won at the same moment the global print showed a 0.1% gain at $1.16. Neither figure is wrong; the two measure against different anchors. That gap closed later in the session as the global price slipped toward $1.13. The models framing Sunday's trade keep the levels simple: a daily close below $1.16 on rising volume could pull the token toward $1.12, while a durable rebound requires clearing resistance near $1.34. The $1.34 line is where any recovery would have to prove itself, and the token did not come close to testing it on Sunday. Supply context gives the bulls little help, since Ripple's XRP escrow still holds 31.1 billion tokens after the November release, an overhang that caps how far a low-volume rally can travel. Those tokens re-enter circulation on a schedule rather than on demand. Readers watching the sell-off for an entry point can start with Where & How To Buy XRP for venue selection and storage basics.

Support at $1.11 Under a Downtrend

Our composite support and resistance scoring puts the strongest floor below the market at $1.1114, rated 71 out of 100, with the heaviest ceiling at $1.2670, rated 93. The XRP spot price of $1.1290 sits between them, 2.76% lower across 24 hours, and the RSI at 27.42 confirms a downtrend. Positioning shows funding at 0.0035% and a long/short account ratio of 3.49, so accounts lean heavily long even as the tape weakens. Holding $1.1114 keeps the range intact; losing it opens the path to the models' $1.12 target, and only a push through $1.2670 would open the rebound those liquidated longs were betting on. Our XRP technical analysis updates the levels as the session moves.