TLDR
- XRP fell to about $1.18 on November 6, its lowest level since late August.
- 418.5 million XRP left Binance on November 4, the largest outflow day in nine months.
- US spot XRP ETFs recorded zero net flows on November 3, 4 and 5.
- Analysts flag $1.21 as key support, with $1.34 and the 200-week EMA near $1.36 as resistance.
- Analyst Ali Charts says negative social sentiment could be a contrarian signal.
XRP traded near $1.18 on November 6, down about 6% on the day. It was the first time the token had changed hands below $1.19 since late August.
Exchange data shows a large amount of XRP leaving trading platforms. On November 4, 418.5 million XRP exited Binance, according to analyst Darkfost.
That was the exchange’s biggest outflow day in nine months. It topped the 315 million XRP withdrawn on October 29, the day of the $6.3 billion Binance hack.
Large Outflows, Little Buying
The withdrawals came right after XRP climbed back above $1.30. They also landed one day after the US midterm elections.
Darkfost said outflows of this size shrink the pool of XRP available for sale on exchanges. He added that they do not guarantee a rally, and some of the flow may be internal Binance transfers.
About $540 million worth of XRP left Binance in a single day this week. Even so, buyers did not step in to lift the price.
Wallets holding at least 1 million XRP reached a 2026 high this week, BeInCrypto reported. Analyst Ali Charts said whales bought about 60 million XRP over seven days.
The price rose from $1.20 on October 30 to a brief high of $1.34 on November 4. It then gave back those gains after risk assets fell on concerns about the AI sector.
CoinGlass data from its Hyperliquid whale tracker shows two accounts opened $3.94 million in long positions within 24 hours. That suggests some large traders are buying the dip.
ETF demand has been weaker. SoSoValue data shows US spot XRP ETFs had no net inflows on November 3, 4 and 5.
October brought only $18.8 million in net inflows, down from $121.4 million in September. That was the lowest monthly total since March, when the funds saw net outflows.
The funds hold $1.41 billion in net assets, which is about 0.8% of XRP’s total market cap. SoSoValue data also shows no inflows since October 29 in one count.
Social mood has turned as well. Ali Charts said XRP social sentiment fell to its lowest level since July.
XRP SOCIAL SENTIMENT TURNS NEGATIVE
The crowd is becoming increasingly bearish on $XRP, with social sentiment dropping to its lowest level since July.
But from a contrarian perspective, this could actually be constructive.
XRP appears to be developing a potential inverse… https://t.co/PFoUqYsayB pic.twitter.com/JJLzoEW42I
— Ali Charts (@alicharts) November 6, 2026
He argued this could be constructive from a contrarian view. In his reading, XRP may be forming an inverse head-and-shoulders bottom that the crowd has not yet noticed.
Key Levels on the Chart
The $1.21 level is a 61.8% Fibonacci retracement, according to analyst More Crypto Online. XRP bounced from it earlier, then rose toward resistance near $1.34 without breaking above it.
He said XRP must form a higher low and then clear $1.34 to confirm a bottom. His latest update noted that the bounce lacked momentum.
If $1.21 fails, his chart points to the 78.6% retracement near $1.11. Another analysis lists support at $0.98.
On the daily chart, XRP trades below the 200-week EMA at $1.36. The RSI has dropped to 42, below the neutral 50 mark.
Darkfost said the coming days should show whether the Binance outflows continue or were a one-time spike. A return of ETF inflows would add the demand the current setup lacks.
