XRP ETF drought stretches through a full week
An XRP ETF drought left U.S. spot funds without a single day of net inflows last week as XRP slid to a seven-week low near $1.16, while Polymarket still favors $1 holding in November.
The steady bid behind XRP's exchange-traded funds has disappeared. An XRP ETF drought ran through the whole week to November 6, with U.S. spot products recording no day of net inflows, according to SoSoValue data reported by Bitcoin.com News, as the token fell to its lowest level in seven weeks.
What happened
Canary's XRPC was the only fund to move, losing $529,500 on Monday, November 2. Net flows were then zero on each of the following four sessions. Since launch the funds have still taken in a net $1.81 billion, but total net assets dropped to $1.34 billion, or 1.82% of XRP's market value, from $1.425 billion at the start of the week, a decline that reflects price rather than redemptions.
The slowdown has been building. The funds took in $121.4 million in September after a run of 12 straight weekly inflows, then just $18.8 million in October. Other altcoin products fared worse on Friday: Solana ETFs shed $25.08 million and HYPE funds lost $7.96 million, while spot bitcoin ETFs suffered $1.28 billion of outflows over the week, the largest weekly exit in 19 weeks.
XRP traded near $1.16 on Saturday, down about 7% over seven days and roughly half its level a year ago. TheChainPost reported a Friday low around $1.17 and said social sentiment had dropped to its weakest since July.
Why it matters
ETF demand was one of the cleaner structural arguments for XRP this year, so an XRP ETF drought removes a source of steady buying just as prices weaken. On-chain data point the other way: 418.5 million XRP left Binance on November 4, the exchange's largest outflow day in nine months, which some read as holders moving coins into storage. Such transfers can also be internal, so they do not confirm demand. Our October report on XRP ETF inflows captured the stronger phase, and the broader retreat mirrors the spot bitcoin ETF outflows seen this week.
Prediction markets do not expect a collapse. Polymarket priced the No side of its contract on XRP dipping to $1.00 in November at 68% at 08:27 MSK on Nov. 8, while a rebound to $1.40 this month was priced at 22%.
What's next
Monday's flow data will show whether the XRP ETF drought persists into a second week. Analysts cited by TheChainPost flagged $1.10 as the next chart level, so a clean break below it would test the market's confidence in the $1 floor.
Contract terms and live prices are on Polymarket.
The call
We say XRP will not trade at or below $1.00 on Binance XRP/USDT at any point in November 2026. Polymarket priced that No side at 68% at 08:27 MSK on Nov. 8. The token sits about 16% above the line, and majority pricing still treats a sub-$1 print before month-end as the less likely outcome despite stalled fund demand.
This article is for information only and is not investment advice. Calls are editorial forecasts, logged with market odds at the time of publication and kept on the record.