XRP Falls Below $1 as Oversold Readings Deepen; $0.80 Scenario Back in Focus
XRP traded near $0.95 on November 15 after falling below $1, down 18.47% over seven days according to crypto.news. Earlier coverage put the token at $1.0216 on Binance on November 12, with both outlets describing a sharp weekly decline despite Ripple's continued corporate expansion.
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Price Action Since Mid-November
XRP fell to $1.0216 on Binance on Thursday, November 12, its lowest level since August, according to 99Bitcoins, which reported the token down 21% on the week at the time of writing. Three days later, crypto.news put XRP at approximately $0.94645 on November 15, down 3.64% over 24 hours and 18.47% over seven days, with a 24-hour range of $0.89421 to $0.99736 and trading volume near $3.55 billion.
The two outlets measured different points in the decline, so their figures are not directly comparable. Both show the token losing roughly a fifth of its value within a week, and the November 15 reading places it below the $1 level that had held in the prior sessions.
Drivers Cited by Reporters
Crypto.news attributes the weakness to several factors: forced closures of leveraged long derivatives positions, withdrawals from US spot funds, and continued selling tied to Ripple's business announcements. 99Bitcoins framed the decline against CEO Brad Garlinghouse's repeated statements over two weeks that XRP remains the company's "north star." Neither outlet quantified the relative weight of each factor, and the reporting does not establish a single cause.
Ripple's expansion in banking, stablecoins and institutional financial services was noted by crypto.news as a backdrop that has not translated into price support so far.
Technical Readings and Levels
Calculations from Gate's XRP/USDT market, using completed UTC candles through November 14, put the daily 14-period Relative Strength Index near 16.1, well below the conventional oversold threshold of 30. The last completed daily candle closed at $0.9138, down about 9.6% from its open, with a low of $0.8929. The daily 20-period exponential moving average sat near $1.1497 and the 50-period near $1.2499, both well above the latest close. The 14-day average true range was approximately $0.0612.
Crypto.news identified $0.89 to $1.00 as the immediate trading range, with $0.99 as the level analyst Ali Charts flagged on November 13 as needing to hold. Ali Charts placed $0.80 as the downside scenario if that support failed, and XRP has since traded below it. Crypto.news described $0.85 as a round-number reference rather than a level where substantial buying has been observed, and $1.05 to $1.10 as the upside targets if the token recovers above $1.
Outlook
The reporting frames the coming week through November 20 as a test of stabilization between roughly $0.89 and $1. A sustained close above $1 would support recovery attempts toward $1.05 to $1.10, while a loss of the $0.89 low would open the door to $0.85 and then $0.80. Crypto.news cautioned that the $0.80 scenario is relevant but not inevitable. The sources do not provide on-chain or filing data showing a change in the underlying demand picture, so the direction of the next move remains unresolved.
Why It Matters
For Traders
XRP's move below $1 and its oversold daily RSI make the $0.89 to $1.00 band the key range to watch through November 20.
For Investors
A sustained loss of the $1 level after a roughly 20% weekly drop would signal that Ripple's corporate expansion is not yet offsetting ETF outflows and leveraged unwinds.
For Builders
Heavy liquidation and fund outflows around XRP highlight how derivatives-driven selling can dominate an asset's price independent of its underlying network activity.
This article is for information only and is not financial advice. Read the full disclaimer.
