$XRP /USD Complete Analysis — November 8, 2026
Current zone: roughly $1.16–$1.20. $XRP is under significant short-term pressure after breaking the $1.21–$1.22 support area.
📊 Technical picture
Level Zone Importance
🔴 Major resistance $1.27–$1.29 Strong recovery barrier
🔴 Resistance $1.31–$1.32 100-day MA area
🟠 Resistance $1.38–$1.40 50-day MA / trend barrier
🟢 Immediate support $1.16–$1.20 Current decision zone
🟢 Major support $1.10–$1.12 Fibonacci/structural support
🟢 Strong support $0.99–$1.00 August low / major psychological level
Recent technical data show $XRP below its 20-day and 200-day averages, while weekly RSI is around 42.8, meaning momentum is bearish but not yet technically oversold.
📉 Bearish scenario
If XRP fails to reclaim $1.20, sellers could push price toward:
$1.16 → $1.10 → $1.00
A decisive daily close below $1.10 would significantly weaken the structure and could expose the August low around $0.99.
📈 Bullish scenario
The first important bullish signal would be a strong daily close back above $1.20.
Then watch:
$1.22 → $1.27–$1.29 → $1.31–$1.32 → $1.38–$1.40
A sustained break above $1.40 would substantially improve the medium-term structure. A much stronger breakout above the September high/major resistance around $1.60 would open the door to a larger bullish reversal.
🐋 On-chain / fundamental factors
There are some constructive signs beneath the weak price action. Reports indicate large XRP holders accumulated roughly 60 million XRP during the recent recovery, while the number of wallets holding at least 1 million XRP reportedly reached a 2026 high.
Institutional infrastructure around XRP is also expanding. Ripple has highlighted growing XRP ETF activity, while Evernorth has established a large XRP treasury operation.
However, ETF demand has not been consistently strong enough to overpower the current technical selling pressure.
🎯 My trading view
Short term: 🔴 Bearish
Medium term: 🟡 Neutral/Bearish until $1.29–$1.32 is recovered
Bullish confirmation: Daily close above $1.32, followed by a break of $1.40
Strong bullish confirmation: Break and hold above $1.60
Bearish confirmation: Daily close below $1.10
Possible trade map
Aggressive long: $1.16–$1.20 only with a clear reversal/confirmation
Safer long: Wait for XRP to reclaim $1.22–$1.27
Bullish targets: $1.29 → $1.32 → $1.40 → $1.60
Invalidation for bullish setup: sustained break below $1.10
Bottom line: XRP is currently in a high-risk support zone. I would not treat $1.16 as confirmed support yet. The most important level is $1.20; reclaiming it would give buyers a chance to recover toward $1.27–$1.32, while losing $1.10 would make $1.00 the major downside target.
This is market analysis, not financial advice. Crypto can move sharply in either direction.