XRP loses top 5 crypto spot after falling below $1, market cap drops to $62.7 billion

XRP, the digital currency associated with Ripple, fell below the $1 threshold during a weeklong selloff that has shaken major cryptocurrencies. The decline has been aggravated by concerns over reported instability at Nvidia Corp., which weighed on sentiment around artificial intelligence-related assets in global markets.

XRP price extends losing streak

On Saturday, XRP slipped to a session low of $0.972, deepening losses that began on November 5, 2026. This marks nine consecutive days of declines, and if losses persist through the end of the session, XRP will register its tenth straight losing day—its lengthiest negative streak since early 2026.

At the latest reading, XRP had dropped 2.58% in 24 hours to trade at $0.986. The move coincided with a broader downturn across the crypto market, exacerbated by renewed strength in the U.S. dollar. The dollar index climbed to its highest level since April 2025 on Friday, following the release of hotter-than-expected inflation data earlier in the week.

Market cap and rankings under pressure

The sharp decline in XRP’s price has put its ranking among top cryptocurrencies at risk. Data from CoinMarketCap places XRP in sixth position globally by market capitalization, with a valuation of $62.72 billion. This pushes it below the stablecoin USDC for the first time in an extended period. Over the last week, XRP has recorded a decline close to 16%.

Investors accumulate despite weakness

Despite ongoing weakness, some data suggests larger holders are quietly accumulating XRP as prices hover below $1. Analytics firm Santiment reported a notable increase in so-called “shark” wallets, or addresses holding 10,000 or more XRP tokens. These wallets reached approximately 343,500 in November, showing an increase of 16,815 wallets—a 5.15% rise over nine months—pointing to a positive divergence between wallet growth and price action.

Mini dictionary: Santiment is a blockchain analytics platform that tracks on-chain and social metrics across major cryptocurrencies, providing insights into market trends and investor behavior.

During the most recent seven weeks, XRP prices have fallen over 30%. However, the number of wallets holding large balances has continued to expand. This pattern typically indicates that higher-capital traders may be leveraging current market fear to increase their holdings rather than exit the market.

XRP wallets with 10,000 or more tokens have risen to around 343,500, jumping 16,815 in nine months and showing growing interest from larger investors even as the price falls.

Key price levels and outlook

Analysts now see $1.00 as a crucial level for XRP to hold. If the uptrend in larger wallets continues while XRP maintains the $1 level and Bitcoin remains stable, a swift recovery toward $1.10 to $1.15 is possible.

However, if XRP fails to hold $1 and the recent momentum in large wallet growth reverses, further short-term selling could ensue. This could trigger fear among retail traders and potentially send the asset toward $0.77, a price level last visited in October 2025.

A breach of the $1 level may result in accelerated selling and renewed volatility before the emergence of any sustained recovery.