XRP price falls to $1.06 as ETF outflows and bearish momentum weigh

XRP price has fallen more than 3% over the past 24 hours to around $1.06 on November 11, as the cryptocurrency continues to struggle with selling pressure, ETF withdrawals and weak market sentiment. XRP price fell over 3% to around $1.06 on November 11, bringing its weekly losses to 15.4% and its monthly decline to nearly 25%. US spot XRP ETFs recorded approximately $10.42 million in net outflows, with Bitwise accounting for around $9.4 million of the withdrawals. Binance traders continued to favor bullish positions despite the decline, as XRP's cumulative funding rate reached its highest level in more than a year. Technical indicators remained bearish, with the RSI at 23.77 and the MACD in negative territory, while XRP traded below its major moving averages.

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