XRP, a payment-oriented token, plummeted to 89 cents, hitting its lowest level since early November 2024. XRP has fallen 36% this quarter and has been in a steady decline since peaking at over $3.60 in July 2025. As of November 8, 2026, U.S.-listed XRP spot ETFs recorded net outflows of $19.13 million, the highest since March 2026. Since their launch in November 2025, these ETFs have seen cumulative net inflows of only $1.5 billion, far below the billions of dollars seen in Bitcoin and Ethereum ETFs.
The combined market capitalization of the two major stablecoins, USDT and USDC, fell to $244 billion, hitting a new low since September 2025 and marking a decline of nearly 10% from the peak of $270 billion reached in early May 2026. Over the past month, the stablecoin supply has contracted by $17 billion, marking the steepest decline since 2022. As stablecoin holders redeem their holdings for fiat currency, purchasing power continues to flow out of crypto assets, exacerbating downward pressure on the market.
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