Key Highlights
- $XRP fell to 89 cents, its lowest level since early November 2024.
- The token has declined 36% this quarter and has continued sliding since exceeding $3.60 in July 2025.
- U.S.-listed spot $XRP ETFs recorded $19.13 million in net outflows last week, while major stablecoin supply also contracted.
$XRP Falls to Lowest Level Since November 2024
Payments-focused cryptocurrency $XRP dropped to 89 cents, marking its lowest price since early November 2024. The decline came as bitcoin and ether also fell to levels last seen in August, extending a broader retreat across major digital assets.
$XRP last traded near 89 cents in early November 2024, shortly after President Donald Trump won the U.S. election on promises to introduce crypto-friendly regulation. At that time, cryptocurrency markets were attracting strong buying interest. Since then, $XRP has lost 36% this quarter and has remained in a sustained downtrend after reaching above $3.60 in July 2025.
Spot $XRP ETFs Record Fresh Outflows
The latest weakness followed renewed withdrawals from spot exchange-traded funds tied to $XRP. U.S.-listed $XRP ETFs recorded net outflows of $19.13 million last week, according to data from SoSoValue. That was the largest weekly outflow since March 2026.
Since their launch in November last year, the ETFs have attracted approximately $1.5 billion. However, that total remains small compared with the several billion dollars drawn by bitcoin and ether ETFs. Bitcoin and ether funds have also experienced outflows recently, indicating that investor withdrawals are not limited to $XRP-linked products.
Stablecoin Market Capitalization Also Contracts
Capital appears to be leaving the cryptocurrency market through other channels as well. The combined market capitalization of USDT and USDC, the two largest dollar-pegged stablecoins, has declined to $244 billion, its lowest level since September 2025.
Stablecoin market capitalization is closely watched because it can reflect the amount of dollar-linked liquidity available within digital-asset markets. The contraction in USDT and USDC supply, combined with ETF outflows and falling prices for $XRP, bitcoin and ether, points to weaker capital flows across the market.
Why This Matters
$XRP’s decline highlights the pressure facing digital assets as both investment-product flows and broader market liquidity weaken. Although spot $XRP ETFs have attracted about $1.5 billion since launching, their inflows have been modest relative to bitcoin and ether ETFs, and recent withdrawals have added to selling pressure. The contraction in USDT and USDC market capitalization provides another sign that capital is moving out of the crypto ecosystem. Investors will continue to watch ETF flows, stablecoin supply and the performance of bitcoin and ether for indications of whether the wider market downturn is easing.
Frequently Asked Questions
What is the current low for $XRP mentioned in the report?
$XRP fell to 89 cents, its lowest level since early November 2024.
How much did U.S.-listed $XRP ETFs lose last week?
U.S.-listed $XRP ETFs recorded $19.13 million in net outflows last week, according to SoSoValue.
What is happening to USDT and USDC?
The combined market capitalization of USDT and USDC has fallen to $244 billion, the lowest level since September 2025.
