Bitcoin climbed back above $93,000 on Wednesday as XRP exchange-traded funds approached $1 billion in cumulative net inflows since their November 13 launch. The XRP products have recorded positive flows in every trading session, with $157 million added in the first two days of this week alone. Shiba Inu showed technical signals indicating potential upside movement, while Bitcoin's monthly chart structure suggests further upside targets.

XRP dropped below $2 following Ripple's transfer of 500 million tokens as part of its monthly escrow operations. The cryptocurrency declined from the mid-$2.20s to the upper-$1.90s as Ripple moved 1.2 billion XRP through its system. The price movement coincided with the company's routine token management activities, which involved multiple large-scale transfers.

XRP showed an asymmetric liquidation pattern during a one-hour period, with long positions recording $128,430 in losses while short positions saw no liquidations, data show. The asset traded between $2.19 and $2.20, with price movements sufficient to clear overleveraged longs but failing to trigger margin calls on bearish positions. The imbalance positioned XRP as an outlier compared to Bitcoin and Ethereum, which registered liquidations in both directions during the same timeframe.

Bitcoin faces a decisive test as November ends, with trader DonAlt identifying $93,000 as the critical threshold for preserving its higher-timeframe bullish trajectory. A monthly close above $93,500 would restore the path toward $110,000-$120,000, while failure to reclaim this level could trigger a correction toward $85,000 or lower. The binary outcome places significant weight on the final trading sessions of the month.

Bitcoin rose sharply to the $92,300–$92,500 range following aggressive buy-side activity totaling approximately $1 billion. Buy-side slippage of 163 BTC marked the largest buy-pressure event in several days, pushing spot prices from $91,740 to $92,315 almost instantly, according to CryptoQuant analyst Maartunn. The move bypassed typical gradual price progression as market orders consumed liquidity rapidly.

XRP's derivatives market showed a 1,447% liquidation imbalance during a 12-hour period, with long positions accounting for $1.23 million in liquidations compared to $85,580 in shorts, data show. Spot prices traded in a narrow range between $2.14 and $2.18 throughout the session, showing limited volatility despite the derivatives market stress.

XRP spot exchange-traded funds attracted $199.45 million across two trading sessions, surpassing the prior week's $179.60 million total. Inflows reached $164.04 million on November 24 and $35.41 million on November 25, data show.

Strategy owns 649,870 BTC at an average cost of $74,430, with over 51% purchased above Bitcoin's current $86,900 price level. The company's market capitalization stands at $49 billion, trading below its $56.4 billion Bitcoin holdings. Analysis shows concentrated high-cost purchases occurred during 2021, 2024, and early 2025 market peaks.

XRP has delivered an average December return of 69.6% compared to Bitcoin's 8.42%, according to CryptoRank data. Despite the higher average, XRP shows a negative median return of -3.16%, reflecting greater volatility. Bitcoin maintains more consistent positive performance with steadier monthly outcomes.