XRP recently traded near $1.03 on November 13, following a 15% decline over the previous week. The token briefly dropped below the $1 threshold during a sell-off on Friday, highlighting a weakening technical structure. Analysts point to $0.99 as a critical support level, representing the lower boundary of a descending price channel.
A sustained breakdown below $0.99 could trigger a further 20% decline, with potential support zones identified at $0.97 and the $0.93–0.96 range. Continued selling pressure might push the price toward $0.80. Market volatility is further exacerbated by broader cryptocurrency trends, including Bitcoin falling below $69,000.
The daily Relative Strength Index for XRP has dropped into the low 20s, signaling intense selling pressure. While historical data from 17 previous oversold signals shows a 70.6% probability of positive returns over 90 days, the median drawdown during those periods reached 21.8%. Bitrue Research notes that oversold readings do not confirm the end of selling.
For a potential recovery, XRP needs to surpass the $1.09–1.11 range, followed by resistance levels at $1.15–1.16. Reclaiming the $1.20–1.25 zone with increased volume could pave the way for a move toward $1.38. Until these levels are cleared, the asset remains vulnerable to further correction.
