XRP Price Faces a Potential 20% Drop: Key Levels to Watch

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.

Technical Concerns

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. 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.

Market Context

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. Continued selling could eventually push XRP's price toward $0.80, roughly 22% below $1.03.

Recovery Possibilities

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, as research covering 17 previous oversold XRP signals found that 70.6% produced positive returns after 90 days.

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.