Ripple (XRP) slipped below $1.09 on Nov 9, 2026, after a 10% weekly drop, with institutional outflows of $529,510 and bearish sentiment pushing the token toward the $1 psychological level.

Ripple (XRP) extended its decline on Monday, Nov 9, 2026, slipping below the $1.09 mark after a more than 10% slide last week. The drop comes as institutional demand cooled, with spot XRP ETFs registering $529,510 of net outflows, ending a two‑week inflow run. Bears are now eyeing the psychological $1 level for further downside.

Technical picture shows bearish bias

XRP is trading at $1.095, well under its 50‑day, 100‑day and 200‑day EMAs, which sit between $1.302 and $1.360. The daily RSI sits at 26, indicating oversold conditions, yet the MACD histogram remains negative, confirming persistent selling pressure. Immediate resistance lies at $1.160, with stronger supply zones near $1.300 and the 50‑day EMA at $1.302.

On the downside, the nearest major support is the $1.00 psychological barrier. A break below could trigger further selling as traders look for a new floor. The technical setup suggests the token may continue to test lower levels if the current outflow trend persists.

Institutional flow and sentiment

SoSoValue data shows spot XRP ETFs suffered net outflows of $529,510 last week, reversing a prior two‑week inflow streak. This withdrawal of institutional capital adds pressure to an already weakened price.

CoinGlass reported a long‑to‑short ratio of 0.91 on Monday, the lowest in a month, indicating that traders are leaning bearish. CryptoQuant’s data also points to large whale sell orders and a sell‑side dominance in both spot and futures markets, reinforcing the cautious sentiment among XRP holders.

Read also: Bitcoin, ethereum, ripple bears in control as support tests near $70,000, $2,000 and $1

Macro backdrop and Fed expectations

The broader risk‑off environment was sparked by a stronger‑than‑expected U.S. Nonfarm Payrolls report released last week. The robust jobs data revived expectations that the Federal Reserve may keep rates higher for longer, raising the opportunity cost of holding non‑yielding assets like XRP.

According to the CME FedWatch tool, the probability of a Fed rate hike in December rose to 78.7% from 72.8% after the payrolls release. Higher rates tend to depress risk assets, and the crypto market is no exception, adding to the downward pressure on XRP.

What traders should monitor

Key levels to watch are the $1.160 resistance and the $1.00 support. A decisive break above $1.160 could signal a short‑term bounce, while a slip below $1.00 may open the path to deeper correction.

Upcoming data releases, such as the U.S. CPI and the Fed’s policy decision in December, will be crucial. Any shift in rate expectations could quickly alter the risk appetite for XRP and other crypto assets.

• Current price: $1.095 (Nov 9, 2026)
• Net ETF outflows: $529,510 last week
• Long‑to‑short ratio: 0.91
• Fed hike odds for Dec: 78.7%

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This article is compiled from international market news for information only. It is not investment advice.