NewsSignalsAI
NewsSignalsAI analysis·99Bitcoins·

XRP Price Falls 22% Since Garlinghouse’s “Never Give Up” Pledge: What Is Ripple’s Plan?

Grade Abearish AI signal$XRP$BTC
XRP has plunged 21.9% since Ripple CEO Brad Garlinghouse pledged the company would never give up on the token, falling to around $1.02 and its lowest level since August. XRP has lost twice as much as Bitcoin over the same period, while Ripple continues expanding RLUSD and institutional services on the XRP Ledger, raising concerns about whether network growth translates into direct XRP demand. A break below the $0.9862 support level could trigger further downside and establish a new 2026 low, while renewed buying could produce another recovery near the $1 level.

Bullish strength: 20/100

  • Ripple CEO reaffirmed XRP as the company's internal north star.
  • RLUSD transactions on the XRP Ledger generate fees paid in XRP.
  • Ripple is expanding institutional infrastructure and expects greater on-chain activity.
  • The previous recovery from below $1 provides a potential historical support reference.

Bearish strength: 80/100

  • XRP has fallen 21.9% since October 28.
  • XRP has declined twice as much as Bitcoin over the same period.
  • XRP trades significantly below its 50-day and 200-day EMAs.
  • Growing Ripple business activity is not yet translating into clear direct demand for XRP.
  • A break below $0.9862 could establish a new 2026 low.

This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

Fold’s Bitcoin Gift Cards Gain Traction as Q3 Revenue Reaches $4.2M

Fold reported $4.2 million in Q3 revenue, with Bitcoin gift-card sales helping drive growth in custody and trading revenue. The company attributed an approximately 270% increase in custody and trading revenue to gift-card sales, while reporting 88,500+ verified accounts and a $2.6 million net loss. Fold's expanding Bitcoin distribution and financial products could strengthen customer retention, but sustained profitability remains uncertain as acquisition and rewards costs continue.

Canaan Revenue Falls 90% as Bitcoin Holdings Take a Bigger Role in Capital Plans

Canaan’s total revenue plunged 90% year over year to $14.5 million as collapsing mining-equipment sales exposed continued weakness in its core business. Products revenue fell to $4.8 million from $118.6 million, while the company reported an $8 million net profit despite a $42.9 million operating loss, partly reflecting cryptocurrency revaluation and derivative gains. Canaan’s new initial $20 million share-buyback program under a $100 million authorization could intensify scrutiny of how it allocates capital between repurchases, Bitcoin holdings and business investment.

Nvidia Shares Pare Losses After Reported CEO Resignation

Nvidia shares reportedly rose back above $163 after investors bought the dip following Jensen Huang’s reported resignation. The stock erased half of its intraday loss, while reports said $NVDA was down 13% and its market capitalization had fallen below $4 trillion. Colette Kress is taking over as interim CEO. The report does not provide independently verifiable sources or full data, so the next official disclosure may clarify leadership, strategy continuity and the company’s outlook. The supplied source also mentions BTC at $71K, but provides no independently verified price move or direct link to Nvidia’s reported management change.

Bitcoin ETFs Lose $299.8M as Five-Session Outflow Streak Reaches $1.44B

US spot Bitcoin ETFs recorded $299.8 million in net outflows on November 11, extending their withdrawal streak to five consecutive sessions totaling approximately $1.44 billion. BlackRock's IBIT accounted for $269.7 million in withdrawals, while Grayscale's GBTC lost $39.1 million and Morgan Stanley's MSBT attracted $9 million. Sustained institutional fund outflows could pressure Bitcoin demand and reinforce near-term bearish sentiment if redemptions continue.

Browse more historical news from November 2026 →