XRP is testing a significant support level near $1.25, following a nearly 19% drop throughout October. According to market data provided by CoinGecko at 15:13 UTC on November 1, XRP was priced at $1.25, reflecting a modest 0.4% increase over 24 hours but remaining down 18.24% over the previous 30 days.
Technical signals and liquidation risk
U.Today’s technical analysis highlights the $1.20-$1.25 band as a critical area for XRP, overlapping with its 200-week moving average. The publication identifies a key long-liquidation level at $1.2292, indicating this price could attract defensive buy interest. At the same time, a cluster of short sellers is cited at $1.4292, above the current range.
During October, $37.6 million in long positions were forcibly liquidated, which U.Today interprets as a sign of decreasing leverage during the downtrend. While these liquidation levels are often seen as areas where price bottoms form, analysts note that they do not guarantee a reversal.
XRP’s recent losses have brought it down to a zone watched closely by traders, with technical and liquidation data pointing to an inflection point. Market participants are weighing whether this level will offer support or if further declines could follow.
Mini dictionary: Long-liquidation level — a price point where traders holding leveraged long positions may be forced to sell, typically increasing downward pressure if breached.
Implications of a breakdown
Technical analysis from U.Today warns that a sustained move below $1.20 could expose XRP to the August lows of $0.98 to $1.00. This assessment is based on the proximity of current support to previous bottoming areas.
Indicators also show a daily oscillator reading of 36.85, described as oversold territory by the publication. Historically, similar technical readings have led to price reversals, but no timing or certainty is implied.
| Date/Range | XRP Price/Support | 30D Change | Key Event |
|---|---|---|---|
| Nov 1, 2026 | $1.25 | -18.24% | Support test |
| October 2026 | $1.25–$1.28 | -19% | Liquidations, Binance hack impact |
| August 2026 | $0.98–$1.00 | N/A | Previous lows |
Market trends and sentiment
The broader cryptocurrency market has experienced negative sentiment, with the Crypto Fear & Greed Index at 34 on November 1, indicating “Fear.” This reading reflects cautious investor behavior across digital assets and not just in XRP.
Approximately $6.3 billion was reportedly lost in a Binance security breach, contributing to heightened volatility. The timing of the incident remains unclear, but its perceived impact on the sector was noted as a factor in October’s sharp sell-off.
U.Today also referenced Ripple‘s RLUSD stablecoin, which is used in various institutional products and is reported to be reducing direct XRP demand temporarily. Additional pressure was linked to flows into XRP exchange-traded funds (ETFs), which corrected to $1.42–$1.47 billion as the token’s price fell and net inflows slowed.
Mini dictionary: RLUSD — Ripple’s stablecoin, pegged to the US dollar and designed for fast, low-cost transactions, increasingly deployed in institutional and custodial services.
Key levels ahead for XRP
Analysts identify $1.3145 as the average daily price XRP would need to reclaim to establish a firmer bottom. Above that, $1.4292 is highlighted as a short-seller concentration area, serving as potential resistance.
On the downside, a break below $1.20 would bring August’s $0.98–$1.00 range into focus. The technical and fund-flow data suggest the outlook for XRP remains uncertain without confirming a rebound at these levels.
Multiple indicators, including long-liquidation levels, moving averages, and ETF asset flows, are being monitored as traders assess whether XRP’s $1.25 support zone will hold or if further declines are possible.
