XRP's slide to $1.0764 leaves the $1 line one weak week from a test

XRP fell to $1.0764 on Monday, Nov. 9, its lowest price since August 19, and one report had it at $1.0868 on Binance, about 9% above $1. That is the cushion the forecast leans on for the Friday, Nov. 13 noon ET Binance close. The tape is ugly, though. XRP is down 22.5% over 30 days, more than twice Bitcoin's 10.1% drop, and it just logged a fifth straight losing week, from $1.2508 to $1.1132. Reports also point to $604.4 million in forced liquidations across crypto, mostly longs. There is XRP-specific pressure too. The hacker behind the Binance theft has reportedly sent 139 million stolen XRP, worth about $151 million, out of one wallet since Thursday. If those coins reach exchanges, the selling could push XRP below $1 for the first time since August, as one report put it. Demand looks soft. U.S. spot XRP ETFs ended the week with $530,000 in net outflows after four sessions of no reportable flows, and the long-to-short ratio was 0.91, near a one-month low. Even so, the price still has to fall roughly a tenth in four days to flip this. Only that single minute close at noon ET counts, not any dip along the way. The thing to watch is those stolen coins. If they start landing on exchanges, the $1 line gets a real test.