XRP Price Prediction: David Schwartz Dumps 23M XRP, Open Interest Surges 3-Month Low
XRP Price Down 3.54% As Selling Pressure Rises
The XRP price continued its bearish momentum on November 11, falling 3.54% to trade at $1.05 at the time of writing. The drop is a reflection of the broader decline in the cryptocurrency market, as investor sentiment has been weighed down by concerns about monetary policy and potential interest rate increases by the Federal Reserve.
The latest correction has also been in the spotlight after comments from Ripple’s former Chief Technology Officer (CTO) David Schwartz who revealed that he had drastically cut his cryptocurrency holdings including XRP. The disclosure comes as XRP continues to face selling pressure and falling demand in the market.
XRP is down some 23 per cent year to date, highlighting the headwinds facing the cryptocurrency despite Ripple’s growing business adoption. At the same time, declining futures activity and continued spot market outflows suggest traders remain cautious about the asset’s near-term direction.
David Schwartz, Former Ripple CTO, Sells 23 Million XRP
David Schwartz recently revealed his XRP holdings had dropped from about 26 million tokens to only 3 million XRP. That’s a decrease of about 23 million tokens and it’s getting attention throughout the cryptocurrency community.
But XRP was not the only cryptocurrency he sold. Schwartz also disclosed large cuts to his Bitcoin and Ethereum positions. His Bitcoin balance dropped from around 1,500 BTC to just 1 BTC. His Ethereum balance dropped from 40,000 ETH to 6 ETH.
“These decisions are more about my relatively low risk tolerance than a particular negative view on XRP,” Schwartz said.
While his disclosure does not necessarily translate to a bearish outlook toward Ripple’s crypto, it certainly adds another layer of uncertainty to an already fragile market landscape. Investors are closely watching if the broader sell-off will continue to impact XRP’s recovery prospects.
XRP Leverage Ratio Falls to 3-Month Low
XRP Derivatives Market Activity Shows Signs of Diminishing Participation According to data from CryptoQuant, the leverage ratio of XRP on Binance has fallen to 0.14, the lowest in about three months.
The decline points to traders cutting leveraged positions as market uncertainty increases. The move could be a function of liquidations, prudent positioning or waning appetite for speculative trading.
CoinGlass data corroborates the same trend, revealing that XRP’s open interest has dropped to approximately $2.31 billion, its lowest level since August 6.
But falling leverage is not necessarily bearish. Reduced speculative exposure can reduce liquidation risks and create healthier market conditions. Should buying demand return, the lower leverage could underpin a more sustainable recovery in XRP price.
XRP Spot Market Experiences 12 Days of Outflows
Spot market activity continues to reflect considerable selling pressure. According to data from CoinGlass, XRP has seen 12 consecutive days of spot outflows, indicating that selling pressure has been outpacing buying interest.
XRP spot outflows on Nov. 11 were approximately $57.74 million, the highest daily figure since June 5.
The Crypto Fear and Greed Index, meanwhile, has fallen to 29, indicating rising anxiety in the market. Investor confidence in digital investments has been further eroded by concerns over possible rate hikes by the Federal Reserve.
These conditions could hinder XRP’s capacity for a sustained recovery without more robust spot market demand.
XRP ETFs in for Potentially Worst Week Since March
Institutional investment activity is also weak. SoSoValue data indicates that XRP spot ETFs have experienced approximately $18.04 million in net outflows on a weekly basis to date.
XRP ETFs could be headed for their worst week since March 2026 if the trend continues. Continued ETF outflows may signal waning institutional interest and put pressure on XRP’s near-term outlook. ## XRP Price Prediction: Will XRP Revisit The $1.36 Resistance?
Technically, XRP has a major resistance at the 200-week EMA, currently $1.36.
A push and hold above could strengthen the bullish momentum and improve the outlook for a recovery. However, buyers might find it tough to reclaim this resistance amid ongoing outflows in the spot market, falling open interest, and weak ETF demand.
For the time being, XRP’s near-term outlook is cautious, with traders watching market sentiment, institutional flows and derivatives activity for any signs of a potential trend reversal.
