- XRP bearish sentiment deepens as price falls 11.43% weekly and retests its 2026 low.
- XRP open interest rises 0.76% to $2.19B as long liquidations reach $12.78M.
- A weekly close below $0.9862 could expose XRP to the $0.75–$0.64 weekly support zone.
XRP slipped below $1 as selling pressure intensified across spot and derivatives markets, bringing the cryptocurrency back to levels last seen at its previous 2026 low. At the time of reporting, XRP traded at $0.9871, down 4.09% over the past 24 hours.
Bitcoin lost 2.5% over the same period, while the broader crypto market fell about 2.3%. Per reports, persistent inflation and expectations of a Federal Reserve rate increase have put pressure on digital assets, although XRP suffered steeper losses.
XRP Bearish Sentiment Deepens as Short Exposure Rises
XRP liquidations reached $13.95 million in 24 hours. Of that amount, $12.78 million came from long positions, accounting for 92% of the total. Open interest, however, rose 0.76% to $2.19 billion even as prices fell, suggesting that traders were adding short positions.
Meanwhile, the funding rate fell into negative territory at -0.0067%, equivalent to -7.3% on an annualized basis. Selling pressure also extended across the futures market as taker selling exceeded buying by 10.6%, leaving the buy-to-sell ratio at 0.90.
The weakness extended to spot markets, where net outflows reached $50.87 million while trading volume declined 13.36%. Similarly, U.S. spot XRP ETFs recorded $1.09 million in net redemptions on November 13.
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XRP Risks 24%–35% Downside if Weekly Support at $0.9862 Fails
On the weekly chart, XRP was down 11.43% at $0.9860. The token traded below both the 200-week and 50-week moving averages at $1.2861 and $1.4101. Notably, XRP touched $0.9800 during the week, slipping beneath its previous 2026 low of $0.9862.
The weekly candle has yet to close, however, and a sustained break below that level could strengthen bearish sentiment. The next Murrey Math support level sits at $0.7813. Below it lies the $0.75–$0.64 region, which acted as resistance before the late-2024 breakout.
A decline into this area would represent losses of approximately 24%–35% from current levels. Further down, another historical support level sits at $0.4860.
What Could Invalidate XRP’s Bearish Outlook?
In the near term, XRP faces a long liquidation cluster at $0.9760, while short liquidations are concentrated around $1.006. A recovery would bring $1.1719 and the weekly moving averages back into focus. Beyond these levels, major weekly resistance extends from $1.50 to $1.69. A break above this region would expose the next resistance levels at $1.8706 and $1.9531.
Key XRP Support and Resistance Levels
| Price Level | Role |
| $1.8706–$1.9531 | Higher resistance |
| $1.50–$1.69 | Major weekly resistance |
| $1.1719 | Intermediate resistance |
| $0.9862 | Previous 2026 low |
| $0.7813 | Murrey Math Support |
| $0.64–$0.75 | Potential support zone |
| $0.4860 | Historical support |
Bullish Case
XRP would first need to get back above $1.1719. That could bring the $1.50-$1.69 resistance area back into play.
Bearish Case
Below $0.9862 on a weekly closing basis, attention shifts to $0.7813 and then the $0.64–$0.75 range.
Neutral Case
Meanwhile, XRP may spend more time trading near $1 if weekly support holds.
FAQs
Weak market conditions, spot outflows, and liquidations of long positions have weighed on the price.
Possibly, though sellers would need to push XRP through other support levels first.
On the weekly chart, resistance lies between $1.50 and $1.69.
A weekly close below $0.9862 could reinforce the existing bearish sentiment.
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