XRP has fallen below the $1 psychological support level as selling pressure accelerates across the cryptocurrency market. The token recently traded near $0.99, representing a decline of approximately 14.5% over seven days and nearly 38% from its October high of around $1.60.
Institutional demand has weakened alongside the price decline. US spot XRP ETFs recorded approximately $19.13 million in net outflows between November 9 and November 13, with the largest single withdrawal of $10.42 million occurring on November 9. Despite this recent weakness, cumulative net inflows remain around $1.71 billion, while total ETF assets stand near $1.14 billion.
Derivatives traders have also faced pressure. Approximately $16.9 million in XRP positions were liquidated during the latest sell-off, as leveraged traders exited their positions. Futures open interest remained near $2.12 billion, indicating significant remaining exposure in the derivatives market.
Technical Support Levels
XRP's price chart shows the token has broken below the previous support region around $1.20–$1.25. The $0.95–$1.00 demand zone now represents the most important area for buyers in the near term. A sustained recovery above $1 would signal returning buyer interest, with first resistance at $1.20–$1.25.
A decisive breakdown below $0.95 could expose XRP to further losses toward $0.90, with the $0.80 region becoming the next major downside target. A decline from $0.99 to $0.80 would represent an additional loss of approximately 19%.
Momentum indicators reflect the severity of the correction. The daily Relative Strength Index has fallen near 21.5, indicating deeply oversold conditions that could support a short-term bounce, though this does not confirm a bottom has been reached.
Mixed Signals Ahead
The price action presents conflicting signals. While large holders continue accumulating the token, this activity has not yet translated into a price recovery. The next move around the $0.95 support level could determine the short-term direction, with holding this level potentially providing buyers an opportunity to recover toward $1.20, or a breakdown potentially exposing the token to $0.80.
