November has been rough for crypto so far. Bitcoin is down, XRP is down even more, and a lot of people are nervously refreshing their charts.
Here’s what actually happened this month:
Bitcoin (BTC) – The Big One
- Started the month around $103,000
- Got everyone excited when it hit a new all-time high of about $95,500 on November 16
- Since then… it’s been sliding. As of today (Nov 20), it’s sitting at roughly $92,600
- That’s a drop of about 10% in just three weeks.
In simple terms: After teasing everyone with “we’re going to $100k+ real soon,” Bitcoin changed its mind and keeps stepping lower. The bounces feel weak—like when you try to get out of bed on a Monday but just roll over again.
Right now it’s stuck below some important moving averages.
If it falls under $90,000, a lot of traders will panic and it could drop faster.
If buyers step in hard and push it back over $95,000, the party might restart.
XRP (Ripple) – Hurting More Than Most
- Started November near $2.50
- Today it’s only $2.13
- That’s down about 15% this month, and it’s been falling for longer than just November.
What’s going on? Every month, Ripple unlocks 1 billion new XRP tokens from escrow. That’s a fancy way of saying “a billion extra coins suddenly become available to sell.” It’s like a store having a huge sale every 30 days—prices usually take a hit.
On top of that, the whole altcoin market (everything that’s not Bitcoin) has been quiet, so money isn’t flowing into XRP either.
Right now XRP is testing the $2.00 level. If it breaks below that, some people think it could fall all the way to $1 pretty quickly. If it holds and bounces, it might climb back toward $2.50 again.
The Bottom Line
Several indicators now suggest that Bitcoin may be approaching a significant low:
- Market sentiment has remained in “extreme fear” for nine consecutive days, according to the Fear & Greed Index. The last day the index was outside the fear zone was October 29 — 22 days ago.
- Bitcoin spot ETFs have recorded consistent outflows in recent weeks, reflecting broad retail and institutional selling pressure.
- In contrast, large holders (“whales”) have resumed accumulation, a pattern frequently observed near cycle troughs.
While extreme fear does not guarantee an immediate reversal, prolonged readings at these levels have historically coincided with major price bottoms or capitulation phases in Bitcoin’s market cycles.
November was supposed to be one of the “good” months for crypto (historically it usually is), but so far it’s been more trick than treat. Bitcoin looks tired, XRP looks exhausted, and both are waiting for a clear signal: either fresh money floods in and we blast higher into year-end, or the selling keeps going and we get a proper winter dip.
For now, it’s a coin-flip.
Just know the price you see today could look very different in two weeks—up or down.
Stay safe out there!