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 That beat the 315 million $XRP that had been withdrawn on Oct. 29, the day of Binance’s $6.3 billion hack.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!