Key Takeaways
- Canary’s XRPC lost $529,500 on Nov. 2, and XRP ETFs then posted zero net flows from Nov. 3 to Nov. 6.
- XRP ETF net assets fell to $1.34B, or 1.82% of XRP’s market cap, as XRP dropped to about $1.16.
- October inflows sank to $18.8M from $121.4M in September, so traders are watching for buyers’ return.
A Week of Silence
Data from Sosovalue shows that Canary’s XRP ETF (XRPC) was the only fund to move on Monday, Nov. 2, posting a $529,500 net outflow. The funds then went quiet, and data showed zero net flows on Nov. 3, 4, 5, and 6.
However, cumulative net inflows still stand at $1.81 billion, but total net assets slid to $1.34 billion, which equals 1.82% of XRP’s market capitalization, down from the $1.425 billion reported on Monday. The shrinking number is clearly reflective of XRP’s falling price, not redemptions.
From 12 Straight Weeks to Zero
The stall seems to be a sharp turn for funds that were drawing steady money just a month ago. To this point, in early October, Bitcoin.com News had reported that XRP ETFs logged 12 straight weeks of inflows, with September too having brought in $121 million.
Demand subsequently faded as by late last month there were only $18.8 million in net inflows.
That said, XRP’s funds are at least holding steadier than some of their peers. On Nov. 6, Solana ETFs shed $25.08 million, and Hyperliquid’s HYPE ETFs lost $7.96 million, while Zcash’s ZEC funds were the only altcoin products to attract new cash. Bitcoin funds had an even rougher week, with $1.28 billion in outflows across U.S. spot bitcoin ETFs, the largest weekly exit in 19 weeks.
Whales Move While ETF Buyers Wait
Onchain activity tells a busier story because on Nov. 4, 418.5 million XRP left Binance, the exchange’s largest outflow day in nine months. That beat the 315 million XRP that had been withdrawn on Oct. 29, the day of Binance’s $6.3 billion hack.
Bitcoin.com News reported that the drain pushed XRP’s Binance scarcity index to a four-year high.
Large holders seem to be growing as well, with XRP millionaire wallets hitting a 2026 high. To this point, a single wallet moved 140.35 million XRP yesterday (worth about $167.8 million) to an unknown address.
Outflows like these shrink the supply available to sell but do not guarantee a rally, and some may be internal Binance transfers.
In any case, that leaves a split market with large holders appearing to be pulling XRP into storage, while the regulated products that brought in steady money for most of the year have stopped growing. Until one side gives, XRP’s price action is likely to stay under pressure.
The Price Picture
As things stand, XRP is trading near $1.16, down roughly 7% over the past week and about 50% from a year ago. Online analysts have flagged the $1.21 level as support and said XRP needs to clear $1.34 to confirm a bottom. With XRP now below that level, the next mark on many charts sits near $1.11. Interesting week ahead, to say the least!
