XRP traded near $1.03 on November 13, following a week in which the asset lost approximately 15% of its value. During Friday’s sell-off, the price briefly dipped below the $1.00 threshold before recovering, a movement that occurred as Bitcoin fell below $69,000. The broader market downturn was driven by inflation concerns, fund outflows, and liquidations, creating a volatile environment for digital assets.
Support Levels and Downside Targets
Bitrue Research has identified the lower boundary of a descending price channel near $0.99 as a critical technical level. An earlier recovery attempt for XRP stalled near $1.55, but current momentum suggests a different trajectory. If XRP decisively loses the $0.99 support, the next zones of interest are located around $0.97 and the $0.93–$0.96 range. Continued selling pressure could push the price further toward $0.80. This potential low target represents a roughly 22% decline from the $1.03 level recorded on November 13.
The intensity of the recent selling is reflected in XRP’s daily Relative Strength Index (RSI), which has fallen into the low 20s. While such readings often indicate oversold conditions, Bitrue Research cautioned that these metrics demonstrate the severity of the selling rather than its conclusion. The firm noted, “Oversold readings show that selling has been intense, not that it has ended.”
Historical Data and Recovery Path
To contextualize the current market position, researchers analyzed 17 previous oversold signals for XRP. In 70.6% of those instances, the asset produced positive returns after a 90-day period. However, the historical data also highlights the potential for further pain before a rebound. The median deepest drawdown during those historical periods reached 21.8%, suggesting that the current decline toward $0.80 is consistent with past patterns of extended selling.
For a recovery to materialize, XRP must navigate a series of resistance zones. The first hurdle is the 1.09–1.11 range. Clearing this level requires sustained buying interest to push the price into the 1.15–1.16 range. The most significant barrier is the 1.20–1.25 range. Reclaiming this zone with stronger buying volume could open the path toward a target price of $1.38. Until these levels are cleared, the risk of further downside remains the primary technical focus.
Wendy O, a market commentator, posted a tweet on November 12, 2026, stating, “$XRP $1.00 forever,” reflecting the sentiment among some participants who view the current price action as a long-term consolidation. The market will now watch to see if XRP can hold the $0.99 support or if it breaks lower toward the $0.80 target identified by Bitrue Research.
