XRP Price Falls Below $1 in Big Wallet Alert: Is a 72% Rally Next?

On Friday, November 13, XRP dipped below $1 for the initial time since August, reaching $0.9975 on Binance amid a broader crypto-market liquidation wave that impacted leveraged traders.

Although the drop under $1 was brief, it represented the exact scenario XRP investors had dreaded throughout the month. Within hours, the token recovered to $1.0303, marking a 1.6% decline for the day and sitting 13% lower than the previous week.

Despite the downward price action, larger investors maintained their accumulation strategy. On-chain analytics provider Santiment reported that addresses holding a minimum of 10,000 XRP continue to increase in quantity despite the falling valuation. Based on Santiment’s metrics, Thursday’s count reached 343,578 such wallets—a one-year peak and an increase of 16,633 since February.

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XRP wallets holding at least 10K tokens are growing at a rapid rate here in November. There are now roughly 343.5K of these wallets, up 16,815 (+5.15%) in 9 months. Larger holders are expanding even as… pic.twitter.com/VUQqaOs5Xf

— Santiment Intelligence (@SantimentData) November 11, 2026

This demographic of investors similarly held their positions during August when XRP last dipped under $1, preceding a subsequent 8-day price surge of 72%.

Current developments leave market participants questioning whether this historical behavior will repeat itself or if the $1 threshold will ultimately break.

XRP News From the Blockchain: 10,000+ Wallets Keep Climbing

Santiment monitors wallet distributions across varying balance tiers. Aggregating every bracket holding 10,000 XRP and above using Santiment’s historical data across the past year reveals distinct trends:

• Past year: the total count expanded by 22,667 addresses (7.1%), while the price of XRP dropped 56% moving from $2.39 to $1.04.
• Since September 22, near the last peak: 2,998 new wallets were added, accompanying a 34% drop in price.
• Past 30 days: 2,260 new wallets emerged, representing a 38% increase compared to the 1,635 wallets added during the 30 days preceding the August low.

This cohort rarely decreases in size. Contractions occurred on only 30 days out of the past 377, with a significant drop happening strictly once. Between February 7 and 9, amid the market correction driving Bitcoin to $60,000, approximately 4,560 wallets fell below the 10,000 XRP threshold. No comparable decline has taken place this week.

An expanding wallet count does not automatically guarantee fresh capital inflow, as institutional funds and trading platforms often split assets across multiple addresses, and the metric does not account for the precise balance inside each wallet. Nevertheless, it demonstrates that these investors have avoided the widespread liquidations seen back in February.

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The Last Dip Below $1 Ended in a 72% Rally

Prior to this week, XRP traded below $1 on only one other occasion in 2026. In mid-August, daily closes fell under $1 on August 14 and 16, establishing the yearly low of $0.9862 on August 14.

A swift recovery followed. By August 22, aligned with a broader crypto market rebound, XRP climbed to $1.6999—delivering a 72% gain from its low point within eight days.

Market conditions appear more challenging this time around. Bitcoin retreated to $67,568 on Friday, the Crypto Fear & Greed Index rests at 20 indicating Extreme Fear, and XRP has dropped 21% since Ripple’s Swell conference concluded on October 28. Replicating an August-style recovery requires stabilization in Bitcoin first.

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XRP Price Analysis: $0.9862 Is the Line

On the daily chart, XRP changes hands at $1.0303. The asset trades considerably beneath its 50-day exponential moving average (EMA)—which assigns greater importance to recent prices—currently standing at $1.2644, alongside its 200-day EMA at $1.3410.

• Resistance: $1.0566 (Friday’s high), followed by $1.1063 (the November 10 high).
• Support: $0.9975 (Friday’s low), with $0.9862 positioned below that as the August 14 low and 2026 floor.

For observers tracking XRP updates, current conditions echo the setup in August, where holders accumulate while the price tests the $1 psychological mark. Whether the outcome mirrors that previous rally hinges largely on Bitcoin’s trajectory. A daily close below $0.9862 would mark XRP’s weakest pricing level since November 2024.

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Frequently Asked Questions

Why did XRP fall below $1?

XRP fell below $1 on Binance—touching $0.9975—due to a crypto-wide wave of forced selling that impacted leveraged traders.

Are large investors selling XRP during the price drop?

No, on-chain data from Santiment shows that wallets holding at least 10,000 XRP have continued to increase, reaching a one-year high of 343,578 wallets.

What happened the last time XRP fell below $1?

The last time XRP traded below $1 in mid-August, the price rebounded by 72% within eight days to reach $1.6999 as the broader crypto market bounced.

What are the key support and resistance levels for XRP?

Key resistance levels sit at $1.0566 and $1.1063, while immediate support rests at Friday’s low of $0.9975 and the crucial 2026 low of $0.9862.

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