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. A sustained breakdown could expose another 20% decline, even as oversold signals suggest a possible short-term recovery.
Why XRP Could Fall Another 20%
The most important level now sits near $0.99, the lower boundary of a descending price channel that has contained XRP’s recent decline.
An earlier recovery stalled near $1.55, and subsequent rallies have struggled to regain lost ground. The pattern suggests sellers remain in control.
If XRP loses $0.99 decisively, the next support zones sit around $0.97 and 0.93–0.96.
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.
$XRP $1.00 forever https://t.co/p88SSxXtOT
— Wendy O (@CryptoWendyO) November 12, 2026
Could XRP Price Recover Instead?
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.
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%.
As Bitrue Research cautioned:
“Oversold readings show that selling has been intense, not that it has ended.”
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.
Until then, $0.99 remains the key level separating a potential recovery from a deeper correction.
The post XRP Price Faces a Potential 20% Drop: Key Levels to Watch appeared first on BeInCrypto.