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XRP has lost its position as the fifth-largest cryptocurrency by market capitalization, falling below the USDC stablecoin as the token traded under $1 during the early Saturday session. The decline marks the end of a nine-day losing streak that began on November 5, 2026, with the token hitting a low of $0.972.
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As of 06:35 UTC, XRP traded at $0.9600, -3.5% over 24 hours, with $3.9 billion in 24-hour volume.
At the time of writing, XRP was down 2.58% over the preceding 24 hours to $0.986. CoinMarketCap data confirms the token has slipped out of the top five rankings, currently sitting in sixth place with a market valuation of $62.72 billion. The weekly performance shows a decline of nearly 16%, part of a broader drop of more than 30% over the past seven weeks.
Nvidia Turmoil and Dollar Strength
The weeklong selloff was compounded by concerns over leadership turmoil at Nvidia Corp., which weighed on the artificial intelligence trade and broader risk assets. The price drop coincided with general weakness across the cryptocurrency market and a strengthening U.S. dollar. The dollar index climbed to its highest level since April 2025 on Friday, following inflation data that came in hotter than expected.
If the current trading day ends in a loss, XRP will have recorded its tenth consecutive day of declines. That would mark the longest losing streak for the token since the start of 2026. The $1.00 mark is identified as the key level for the asset to defend against further downside pressure.
Whale Accumulation Amid Decline
Despite the price pressure, Santiment data indicates that accumulation by large holders is increasing. XRP wallets holding 10,000 or more tokens reached approximately 343,500 in November. The number of these large wallets is up 16,815, a 5.15% increase over nine months.
This growth in shark and whale numbers during the selloff suggests that higher-capital traders are building positions while the price trades below $1. Analysts note that if large wallet growth continues and XRP holds the $1 level while Bitcoin stabilizes, a reclaim of the $1.10 to $1.15 range could develop quickly.
Conversely, if the loss of the $1 level coincides with a reversal in wallet growth, the market may see a short-term selloff followed by retail fear, uncertainty, and doubt (FUD) before a potential bounce. In the downside scenario, XRP might target $0.77, a level last reached in October 2025.
