After waiting half the day for good news that never came, $XRP first lost the key $1 level.
Its intraday low this morning was $0.9872, down 3.84% in 24 hours, officially falling below $1. This wasn’t an isolated event: on the same day, $BTC fell below 67,000 and ETH dropped below 1,900. The entire market is moving downward. XRP has already fallen about 14.5% this week, sliding steadily from $1.33 in mid-October.
Interestingly, technical indicators are already oversold: the RSI has fallen to around 21, and trading volume is about 24% above the 30-day average. Selling pressure has surged, but there’s no sign of buyers stepping in with conviction. The $1 level held for a long time, but has now turned into the first resistance level. Below that, the $0.94–$0.97 range is worth watching.
This whale’s take: Now that the key level has broken, don’t rush to call a bottom in the short term. Oversold doesn’t mean an immediate rebound; first, we need to see whether it can reclaim the $1 level. According to reports, XRPL is scheduled to upgrade to version 3.5.0 on December 3—that’s the next date worth watching. Until then, stay cautious and avoid overtrading in this weak market.
Its intraday low this morning was $0.9872, down 3.84% in 24 hours, officially falling below $1. This wasn’t an isolated event: on the same day, $BTC fell below 67,000 and ETH dropped below 1,900. The entire market is moving downward. XRP has already fallen about 14.5% this week, sliding steadily from $1.33 in mid-October.
Interestingly, technical indicators are already oversold: the RSI has fallen to around 21, and trading volume is about 24% above the 30-day average. Selling pressure has surged, but there’s no sign of buyers stepping in with conviction. The $1 level held for a long time, but has now turned into the first resistance level. Below that, the $0.94–$0.97 range is worth watching.
This whale’s take: Now that the key level has broken, don’t rush to call a bottom in the short term. Oversold doesn’t mean an immediate rebound; first, we need to see whether it can reclaim the $1 level. According to reports, XRPL is scheduled to upgrade to version 3.5.0 on December 3—that’s the next date worth watching. Until then, stay cautious and avoid overtrading in this weak market.
