XRP Falls Below $1 Amid Selloff and Concerns Over Nvidia

XRP fell below the $1 mark amidst a selloff triggered by excitement surrounding Nvidia Corp.'s management, which impacted AI trading. On Saturday, the price of XRP dropped to $0.972 after nine consecutive days of declines starting from November 5, 2026. If today ends in losses, it will mark the tenth consecutive day of decline—the longest losing streak since the beginning of 2026. At the time of writing, XRP fell by 2.58% to $0.986 amid a general weakening of the crypto market and strengthening of the US dollar, whose index reached the highest levels since April 2025 following inflation data exceeding expectations.

The decline in XRP price threatens its position among the top five largest cryptocurrencies as the overall market downturn deepens. According to CoinMarketCap, XRP is dropping out of the top 5 cryptocurrencies by market capitalization, ranking sixth with a market valuation of $62.72 billion. This week, the cryptocurrency also lost nearly 16%. According to Santiment data, the accumulation of large XRP holders, known as 'sharks,' is slowly increasing despite the price falling below $1. In November, the number of wallets with 10,000 or more tokens surged sharply, reaching about 343,500, which is 16,815 (+5.15%) more over nine months, creating a positive divergence.

The price of XRP has decreased by more than 30% over the past seven weeks, while the number of large and whale holders is growing. When larger holders appear during selloffs, it indicates that traders with significant capital prefer to accumulate positions rather than exit XRP. The $1.00 level is now key for defense. If the number of wallets with 10,000 or more tokens continues to grow, and the price of XRP holds at $1, and Bitcoin stabilizes, this could lead to a quick recovery to $1.10 or $1.15. Losing the $1 level amid a reversal in wallet growth is likely to create a short-term selloff, followed by FUD among retail investors, which should quickly lead to recovery. In this scenario, XRP may aim for $0.77, last seen in October 2025.