by Coinstrooper Crypto Articles
Quick Take
  • XRP is back at the $1 line, and the next break could be costly.
  • The token traded near $1.03 on November 13 after losing around 15% in a week.
  • It briefly slipped below $1 during Friday’s sell-off before recovering, leaving buyers with little room for another setback.
  • The bigger concern is that XRP’s technical structure continues to weaken.

What Happened

It briefly slipped below $1 during Friday’s sell-off before recovering, leaving buyers with little room for another setback.

If XRP loses $0.99 decisively, the next support zones sit around $0.97 and 0.93–0.96.

XRP’s daily Relative Strength Index (RSI) has fallen into the low 20s, indicating unusually heavy selling pressure. Such conditions can precede a relief rally.

Market Context

The most important level now sits near $0.99, the lower boundary of a descending price channel that has contained XRP’s recent decline.

Continued selling could eventually push the price toward $0.80, roughly 22% below $1.03.

A brief dip below support would be less significant than repeated daily closes beneath it, particularly if selling volume increases.

The broader cryptocurrency crash adds to the risk. Bitcoin fell below $69,000 on Friday as inflation concerns, fund outflows and liquidations weighed on the market.

Could XRP Price Recover Instead?

For a recovery, XRP must first clear 1.09–1.11, followed by 1.15–1.16. Reclaiming 1.20–1.25 with stronger buying volume could open the path toward $1.38.

The post XRP Price Faces a Potential 20% Drop: Key Levels to Watch appeared first on BeInCrypto.

Why It Matters

XRP is back at the $1 line, and the next break could be costly. The token traded near $1.03 on November 13 after losing around 15% in a week.

The bigger concern is that XRP’s technical structure continues to weaken. A sustained breakdown could expose another 20% decline, even as oversold signals suggest a possible short-term recovery.

Why XRP Could Fall Another 20%

An earlier recovery stalled near $1.55, and subsequent rallies have struggled to regain lost ground. The pattern suggests sellers remain in control.

Historical data offers some encouragement. Research covering 17 previous oversold XRP signals found that 70.6% produced positive returns after 90 days. However, the median deepest drawdown during those periods reached 21.8%.

Details

As Bitrue Research cautioned:

“Oversold readings show that selling has been intense, not that it has ended.”

Until then, $0.99 remains the key level separating a potential recovery from a deeper correction.