XRP News: XRP Briefly Falls Below $1, Rebounds to $1.02 as…
By Abdelaziz Fathi
AI summary of the source article
XRP briefly dropped below $1 on Friday, November 13, before rebounding to approximately $1.02 amid a broader cryptocurrency market decline. The token had dropped nearly 17% from around $1.25 on November 1 to $1.04 on November 12.
Why it matters
A close below $1 would provide stronger evidence that sellers had established control beneath the threshold.
Key facts
- XRP fell temporarily below $1 on November 13 across multiple venues, hitting an intraday low of $0.9975 on Binance before recovering.
- U.S. spot XRP ETFs saw approximately $18 million in net outflows across November 9 and November 10.
- Bitcoin's drop below $70,000 contributed to approximately $1.4 billion in leveraged crypto positions being liquidated across the market over 24 hours.
Source excerpt · FinanceFeeds
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 se…