A wave of forced selling swept across crypto on Tuesday, and XRP was caught in it. Roughly $622 million in positions were liquidated within four hours, according to media reports, with the slump in Bitcoin and the unwinding of leveraged long bets cited as the engines behind the move. XRP changed hands at $1.02, down 3.5% on the day.
The trigger list runs wider than the coin itself. A pullback in the technology sector weighed on digital assets, dragging Bitcoin, Ether and XRP lower together. Reports of hotter-than-expected US inflation for October and outflows from Bitcoin ETFs added to the gloom. On XRP specifically, media accounts pointed to heavy market-order selling, while open interest in XRP derivatives fell 3.83% on Tuesday. A liquidation tracker published yesterday put forced closures in XRP at $10.0 million.
A Ripple Veteran's Blunt Assessment
David Schwartz, Ripple's former chief technology officer, offered a frame for the day's action: the XRP price is driven predominantly by the broader market, he said yesterday, while news tied to the XRP Ledger has comparatively little bearing on the quote. Technical progress and short-term price action, in other words, can answer to very different forces.
Fund flows tell a similar story of restrained appetite. US spot XRP ETFs saw no net creations or redemptions reported for yesterday. The most recent daily figures showed outflows of $7.6 million on Tuesday and $10.4 million on Monday — the latter concentrated heavily in a single product, with $9.3972 million of the Monday total coming out of Bitwise's XRP ETF.
Should investors sell immediately? Or is it worth buying XRP?
Seven Votes Short
Against that backdrop, Ripple's planned lending system on the XRP Ledger is steadily picking up validator support — just not yet enough. The changes, labeled "LendingProtocol," had backing from 22 of the 35 validators on the standard list as of yesterday's tally. Twenty-nine votes are needed before the activation process can begin, which would then open a two-week countdown.
The momentum is real, provided it can be stretched to the threshold. Until then, the decisive move rests with the validators rather than the market.
A Testnet Date With No Bearing on Mainnet
Separately, XRPL Operations has scheduled resets of the testnet and devnet for November 25, 2026, aimed at improving the stability of servers that retain the full transaction history. Ledger data on those development networks will be wiped; the mainnet continues operating untouched. Media reports suggest wallet and pool addresses could be affected, making it a technical calendar item for users involved in testing.
XRP at a turning point? This analysis reveals what investors need to know now.
For holders, the split screen is clear enough. The network's engineering work grinds on, but risk appetite, leverage and fund flows hold the pen on XRP's price right now.
Ad
XRP Stock: New Analysis - 13 November
Fresh XRP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
