Why Is XRP Bleeding More Than Bitcoin, Ether, and Solana in November Sell-Off? Analyst Cites 3 Brutal Reasons

While Bitcoin, Ethereum, and Solana have also come under bearish pressure during November’s broader crypto market sell-off, XRP is taking a particularly brutal beating, leaving investors wondering why the token is underperforming its biggest rivals. According to prominent analyst EGRAG Crypto, the weakness is no coincidence, pointing to three key factors that could explain XRP’s sharper decline and signal why the token may continue struggling as bearish sentiment grips the market.

XRP Is Taking a Bigger Beating

Crypto analyst EGRAG Crypto has highlighted XRP’s worsening performance against Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) amid November’s broader cryptocurrency market drawdown. In a Nov. 10 post on X, the pundit noted the striking difference in losses since November 4, showing that Ripple’s XRP has suffered the steepest decline among the four major cryptocurrencies.

According to EGRAG Crypto’s figures, XRP has plunged 23.4% since November 4, significantly more than ETH’s 18.2% decline and SOL’s 17% drop. BTC has demonstrated greater resilience, losing just 10.4% over the same period.

The figures raise an important question: Why is XRP bleeding considerably more than its major competitors? EGRAG Crypto has pointed to three possible factors behind the token’s disproportionate weakness, offering a closer look at the selling pressure weighing on the Ripple-linked token.

EGRAG Crypto Identifies 3 Potential Headwinds Behind XRP’s Steeper Decline

The first factor is leveraged long liquidations, which EGRAG assigns a 30% probability. According to the analyst, forced liquidations of bullish positions, combined with weak buying demand, could be accelerating XRP’s fall. When leveraged traders are forced to close their positions during a downturn, the resulting selling pressure can trigger further losses and deepen an existing market correction.

The second possibility, which carries a 20% probability, is selling by early XRP holders. EGRAG suggests that longtime investors, often referred to as OGs, could be taking profits and rotating their capital into other cryptocurrencies. Such activity could increase selling pressure on XRP, particularly if large holders decide to reduce their exposure amid uncertain market conditions.

Finally, EGRAG assigns the highest probability, 50%, to what the expert describes as market manipulation or a deliberate liquidity hunt. Under this scenario, sharp price movements could be designed to trigger stop-loss orders and force weaker traders out of their positions before a potential recovery. The analyst believes this could explain why XRP is experiencing disproportionately heavy selling compared with other major cryptocurrencies.

Notably, these percentages represent EGRAG Crypto’s personal probability-based assessment rather than independently verified evidence of the causes behind XRP’s decline.

EGRAG Crypto Flags Key Levels for a Bullish Comeback

Beyond identifying the possible reasons behind XRP’s sharper decline, EGRAG Crypto has also highlighted several important price levels that could determine the token’s next move. The analyst identified the $1.00-$1.04 range as a critical stabilization zone, suggesting that holding this area could help XRP establish a floor amid the ongoing selling pressure.

On the upside, EGRAG believes bulls must first reclaim the $1.15 level before targeting $1.25. A recovery above these thresholds could signal improving buying momentum and offer some relief to investors after the recent losses.

Sharing a personal assessment, EGRAG Crypto said the ongoing price action appears more consistent with market manipulation designed to frighten newer investors into selling. However, the analyst raised a bigger question about whale activity, questioning whether deep-pocketed XRP holders are using the downturn to accumulate more tokens or adding to the selling pressure by offloading their holdings.

Ultimately, how whales respond to the current market weakness could offer important clues about XRP’s next direction. If large holders are absorbing the available supply, the sell-off could eventually lose momentum. Conversely, continued whale selling could make an already difficult recovery even harder for the sixth-largest cryptocurrency.