Published: November 15, 2026 - 11:11 AM
Reading time: 2 min
Ongoing selling pressure across the cryptocurrency market has pushed XRP to its lowest price in nearly two years. According to a report published by CoinDesk on November 14, 2026, XRP fell as low as $0.89 during weekend trading, testing a level not seen since November 2024. The altcoin's losses in the fourth quarter of 2026 have reached 36%, while spot XRP ETFs in the United States have experienced capital outflows. During the same period, the combined market capitalization of USDT and USDC declined, indicating that capital continues to leave the cryptocurrency market.
XRP Price Decline Deepens as ETF Data Draws Attention
XRP entered a prolonged downward trend after climbing above $3.60 in July 2025. Following the latest wave of selling, its price dropped to $0.89.
According to SoSoValue data, US-listed spot XRP ETFs recorded net outflows of $19.13 million during the week of November 9–13. The figure represented the largest weekly outflow since March 2026.
XRP ETFs, which launched in November 2025, have accumulated approximately $1.5 billion in total net inflows since their introduction. However, the latest week of negative flows indicates that investor demand has weakened in the short term.
Outflows from Bitcoin and Ethereum ETFs further demonstrate that the selling pressure is not limited to XRP.
Shrinking Stablecoin Supply Weighs on Market Liquidity
Capital outflows from the cryptocurrency market have extended beyond ETFs. According to CoinDesk, the combined market capitalization of USDT and USDC, the two largest US dollar-backed stablecoins, has fallen to $244 billion.
The figure represents the lowest level since September 2025. The combined market capitalization of the two stablecoins had previously peaked at approximately $270 billion in early May 2026.
Over the past seven weeks, their combined market capitalization has declined significantly from around $260 billion.
According to an assessment by blockchain analytics company Glassnode, stablecoin supply has decreased by $17 billion over the past month. The company described the decline as the sharpest monthly contraction since 2022.
When stablecoin holders convert their assets into fiat currencies, the amount of capital available for cryptocurrency purchases can decrease. Nevertheless, it would be inaccurate to attribute the entire contraction in stablecoin supply directly to selling pressure.
Kriptofoni Analysis
XRP's decline to $0.89 suggests that the altcoin's prolonged downward trend has intensified. The simultaneous occurrence of ETF outflows and shrinking stablecoin supply has made weakening market liquidity increasingly apparent.
However, the entire decline in XRP's price cannot be attributed to ETF activity alone. Broader market conditions and investors' appetite for risk may also influence price movements.
In the coming days, XRP's price action around $0.89, ETF fund flows, and changes in stablecoin supply will be key developments to monitor.
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Disclaimer: This content is for informational purposes only and is not investment advice. Cryptocurrencies are high-risk; make investment decisions based on your own research.
Content Editor and Writer
Dr. Mesut İnan is a researcher, academic and crypto journalist who has been producing content about cryptocurrencies since 2018. He brings a different perspective to the industry by combining his expertise in sociology with the cryptocurrency ecosystem. Before joining Kriptofoni as co-founder, content editor and writer, İnan worked for several cryptocurrency media platforms: he was an editor and writer at Kriptokoin from 2018 to 2023 and at COINTURK from 2023 to 2024. İnan made a valuable contribution to the ecosystem with his book on Bitcoin, "Bitcoin Sen Bizim Her Şeyimizsin" (Bitcoin, You Are Our Everything). Alongside his academic background, his regular analyses, news and commentary have made him one of the well-known names in cryptocurrency journalism in Turkey. İnan continues his work as a writer and educator and remains a prominent expert voice in the cryptocurrency field.
