XRP Slips 5% as Inflation Shock Lands on a Market Already Leaning the Wrong Way
Published on 11/10/2026 at 18:51 | Editorial boerse-global.de
A hotter-than-expected US inflation print knocked XRP for a 5.0% daily loss, but the token's slide is less a single shock than the sum of several pressures that were already building. Fresh consumer price data, persistent outflows from US spot ETFs and a wave of forced deleveraging have converged on a market that was wobbling well before the Bureau of Labor Statistics released its numbers.
The trigger, and the tinder
October consumer prices rose 0.4% month over month, according to the BLS, topping the 0.3% consensus among economists. XRP gave ground almost immediately after the release, and Bitcoin fell alongside it, putting the timing of the inflation surprise squarely at the center of the latest selling. Yet the drop landed on ground already softened by Reuters reports of sharp crypto losses the previous day, driven by regulatory jitters following the US midterm elections. A selloff in technology stocks on Thursday, compounded by uncertainty over future policy, had already sapped risk appetite. For XRP, macro headwinds and token-specific selling are now pulling in the same direction.
Fund flows add a second drag
US spot XRP ETFs recorded net outflows of roughly $10.42 million yesterday, with about $9.4 million of that tied to Bitwise's fund. Those figures were preliminary and incomplete at the time of publication. The redemptions give XRP a burden of its own beyond the broad market retreat, showing capital leaving the exchange-traded products just as direct selling weighs on the token. By media accounts, XRP ranked among the cryptocurrencies facing the heaviest market-order selling pressure today.
Leverage has amplified the move. Nearly $39 million to $40 million worth of leveraged XRP long positions were liquidated on Sunday, against about $0.37 million in short positions. The imbalance makes clear that the forced closures hit traders who had bet on rising pricesâand those liquidations help explain part of the extra selling momentum. The inflation impulse, in other words, arrived in a market where several sell channels were already running at once.
Should investors sell immediately? Or is it worth buying XRP?
Futures traders are betting the other way
Not every corner of the market is retreating. CryptoQuant reported today that funding rates on perpetual XRP futures on Binance have climbed to their highest level in more than a year, a positioning the report describes as optimistic. Analyst Darkfost sets those elevated funding rates against the $10.4 million in net spot ETF outflowsâoptimistic derivatives bets running headlong into capital leaving the exchange-traded products.
That tension is the crux for investors: confidence in the derivatives market points to recovery expectations, while the fund outflows argue against broad support through that channel. The recovery case would look sturdier if spot-market demand were to accompany the bullish futures positioning. For now, XRP trades at $1.09, still under pressure after yesterday's Nvidia-led technology selloff spilled into major cryptocurrencies and triggered liquidations of leveraged positions.
Activity picks up, but direction is the question
A second CryptoQuant report, from Amr Taha, shows a marked pickup in trading. The seven-day average daily XRP spot volume across tracked exchanges jumped 53.2%, from $513 million to $786 million. That busier tape makes spot-market behavior all the more important to watch, since it accompanies both the optimistic futures positioning and the fund outflows. Higher trading interest would only support a recovery if it translates into durable demand.
XRP at a turning point? This analysis reveals what investors need to know now.
Deposits tell a similar story of heightened activity. The combined metric of net-depositing wallets on Coinbase, Bybit and one other tracked crypto exchange reached 4,744 yesterday, with each of those venues posting its highest reading since August 20, according to the report.
Risk appetite remains the swing factor
The broader market supplies an important caveat to the bullish positioning. Thursday's rout in US technology and AI stocks had already spread to cryptocurrencies, and media reports tied it to extensive liquidations of leveraged positions. Recovery hopes in the futures market therefore sit against a backdrop that remains fragile. Higher trading activity and growing interest in positions could support a steadier pathâprovided fresh demand can absorb the selling. The ETF outflows and the recent liquidations show where that confidence could crack: in another dip in risk appetite.
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