In recent weeks, XRP has become one of the most discussed major assets in the market, as well as one that has experienced the sharpest decline in value. Looking at the chart, the price currently sits at $1.0382, reflecting a 2.83% drop over the last 24 hours, an 11.53% decline over the past week, and a 21.64% retreat over the last 30 days. The SuperTrend indicator remains at $1.2087—well above the current price—confirming that the medium-term downtrend has yet to be broken and that sellers remain in control.

📊 XRP’s critical threshold: $1.00

The most vital question in the market right now is whether the $1.00 level can be sustained. On November 10, XRP fell into the $1.04–$1.06 range, testing its lowest level since August 2026. From a technical perspective, $1.00 stands out as a critical support level that the bulls must defend; a drop below this point could bring the $0.90 and even $0.80 levels into play.

However, an interesting divergence has emerged: while the price is falling, large-scale holders ("whales") continue to accumulate. Reports indicate that whale wallets have added approximately 65.32 million XRP over the last four days, with the total balance held by these large wallets recovering to around 4 billion XRP. Furthermore, the number of wallets holding more than 10,000 tokens has reached 343,500. This may suggest that institutional or large-scale investors view the decline as an opportunity for accumulation. However, this does not necessarily mean that the short-term price pressure will end anytime soon.

📊 Market dynamics and fundamental developments

There are several key factors behind this sharp decline in XRP. First, the broader sell-off in the crypto market following the U.S. midterm elections has negatively impacted XRP. More importantly, there is a noticeable weakening in demand for spot XRP ETFs. The fact that Roundhill has postponed the effective date for its "XRP Covered Call Strategy ETF" to December 6, 2026, combined with the selling pressure stemming from resubmitted filings to the SEC, suggests that institutional appetite has yet to be strongly reflected in the price.

On the other hand, while there have been positive developments—such as the conclusion of the SEC lawsuit and the legal recognition that XRP is not a security when sold to retail investors—the market has largely already priced in this news. In other words, the market is now looking for a new catalyst to drive the price higher.

⚖️ A bottom, or a deeper decline?

At this juncture, we can consider two different scenarios. In an optimistic scenario, XRP could form a "double bottom" pattern within the $1.00–$1.05 range, potentially setting the stage for a move toward a $2.00 target. This outlook is based on a combination of whale accumulation and the $1.00 level acting as a psychological support.

In a pessimistic scenario, a breakdown below $1.00 could lead to testing the $0.90 and subsequently the $0.80 levels—levels that would align with the lows seen earlier this year. The presence of a "bearish alignment" among the moving averages (7, 20, 50, and 200-day)—with the price trading below all of them—confirms that the technical outlook remains weak.

In short, XRP is currently stuck at a critical threshold: the $1.00 level. While accumulation by "whales" offers a glimmer of hope for the long term, the technical indicators and weak ETF inflows suggest that caution is warranted in the short term. Given this landscape, do you believe the $1.00 level will hold, or are you expecting a deeper pullback?

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