XRP is back at a level it hasn’t tested in three months. At the time of writing, the token briefly dropped below $1 on Friday, Nov. 13, for the first time since August, touching an intraday l
XRP is back at a level it hasn’t tested in three months.
At the time of writing, the token briefly dropped below $1 on Friday, Nov. 13, for the first time since August, touching an intraday low of $0.9967 before recovering to around $1.02.
The broader crypto market is under heavy pressure. Now one closely followed analyst says XRP’s next move depends on a single support level.
XRP has slid back to the bottom of its trading range, and the analyst says the next move could get worse.
In an X post, crypto analyst Ali Charts said XRP failed to break above $1.55, the top of its price channel, and has now made a full reversal toward the channel’s lower boundary at $0.99.
“Now, $0.99 must hold,” he wrote. “If XRP loses this support, the correction could extend toward $0.80.”
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A drop to $0.80 would be about 19% below that support.
“XRP REVERSES ALL GAINS It happened. XRP failed to break above the $1.55 resistance at the top of the channel and has now completed a full reversal toward the channel’s lower boundary at $0.99,” the analyst said.
XRP isn’t falling alone. Bitcoin dropped 6.7% to around $68,800, and crypto liquidations reached $727 million over 24 hours on Nov. 12.
Inflation data added to the pressure. U.S. producer prices rose 6.5% from a year earlier, according to the latest PPI report.
Institutional demand has cooled too. U.S. spot XRP ETFs saw about $18 million in outflows over two sessions.
The analyst has had $0.99 on his radar for days.
Earlier this month, he said XRP had broken below the channel’s mid-range support, which shifted his focus to the lower boundary near $0.99.
His more recent call was more hopeful. As we reported on Nov. 9, he said XRP looked ready to bounce from the bottom of a month-long descending channel and could climb toward $1.30 if $1.14 held. That level has since given way.
In late October, citing Santiment data, he warned that XRP could fall to $0.98 if whales kept selling.
His latest target also echoes an August call. Back then, he named $1.06 as a make-or-break zone for XRP and said losing it could open a path toward $0.80, and potentially $0.62.
For now, traders are watching whether XRP can close above $0.99. The August low of $0.9852 is the next level below that.
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