XRP has extended its November sell-off, falling more than 10% this week and dropping below the $1.00 mark. The asset is now testing support levels that were instrumental in launching its August rally, marking a critical zone for the broader price trend.
Weekly Technical Structure
The weekly chart shows XRP in a bearish structure since peaking near $3.65 in July 2025, characterized by a clear sequence of lower highs and lower lows. An August 2026 rally briefly lifted the price into the $1.60 resistance zone, but two rejections from that area returned control to sellers, erasing the entire move.
XRP is now testing the key psychological $1.00 support level, which also marks both the base of the August rally and the floor of mid-2026 consolidation. The current weekly candle has wicked to approximately $0.965, a two-year low. A decisive weekly close below this zone would confirm a breakdown and potentially expose the $0.80 demand zone, which capped price action through 2023 and 2024. Below that level, the $0.50 region represents the next major floor.
On the upside, successful defense of $1.00 could support another rebound, though XRP would need to reclaim the $1.60 region to shift the broader structure. Until then, any rally would likely remain a relief move within the prevailing downtrend.
Short-Term Outlook
The 4-hour chart reveals how quickly the short-term structure deteriorated. After a rejection near $1.35 in early November, XRP lost the $1.25 support zone that had held since mid-September, subsequently printing lower highs and lower lows.
The RSI indicator shows a bullish divergence, with the asset making lower lows since November 10 while the indicator formed higher lows after bottoming near 20, currently reading approximately 33. This suggests bearish momentum is fading, though a divergence alone does not confirm a reversal.
If buyers hold $1.00, a relief bounce toward $1.07 and potentially $1.13 could follow, with the former $1.25 support likely acting as resistance. A sustained break below $0.98 would invalidate the divergence and bring the weekly $0.80 zone into focus.
