Key Insights
- An analyst hinted that XRP price could crash toward $0.90 if key support failed.
- Ali Charts and EGRAG CRYPTO flagged $1.27 support and $1.30 resistance for Ripple’s token.
- Santiment data on whale activity showed what traders did near these levels, while XRP ETF flows stayed flat.
XRP price fell sharply on Nov. 6, and analysts flagged $0.9 as a deeper target. Ali Charts and EGRAG CRYPTO marked the levels that could shape the next move. Santiment added data on whale activity.
XRP Price Slips to an 11-Week Low as $0.9 Enters the Debate
At press time, XRP price traded near $1.18, down about 9% in 24 hours. The token touched its weakest level since late August, according to TradingView data.
The drop followed a failed rebound near $1.35 resistance, as tracked in recent XRP news. Market data showed the token lost about $7.8 billion in value in one day.
Ali Charts had earlier flagged $0.9 as a key long-term level for Ripple’s token. His chart showed a rising trendline that supported bottoms from past cycles. He placed a demand zone between $0.70 and $0.90.
EGRAG CRYPTO had marked $1.27 as pivotal support and $1.30 as the breakout level. Price slipped below both levels on Nov. 6.
Bitcoin (BTC) also stayed weak, near $75,700 at press time. The latest Bitcoin price analysis covered that move.
3 Key XRP Price Levels Traders Watched After the Drop
Both analysts mapped levels on each side of the market. The first level was the $1.20 to $1.21 zone. It matched a 61.8% Fibonacci retracement on the daily chart. XRP lost this area on Nov. 6.
The second level was the $1.27 to $1.29 resistance area. The 20-day average stood at $1.2855, and the 200-day average at $1.2720. EGRAG CRYPTO listed $1.3234, $1.3551, and $1.3884 as resistance marks above $1.30.
The third level was the downside ladder toward $0.9. Ali Charts had tied $1.26 to the lower edge of a channel running since August. He said a break could pull the XRP price to $1.11 first, then $0.98.
Below that, the weekly lower Bollinger Band sat near $0.92. The August base near $1 also stayed in view.
Ali Charts also saw an upside case. He described a possible inverse head-and-shoulders pattern with a neckline near $1.60. He placed $2.10 in focus only after a confirmed break.
XRP ETF Flows and Santiment Data Point to Cautious Traders
SoSoValue data showed no XRP ETF net flows from Nov. 3 through Nov. 6. Nov. 2 brought net outflows of $529,510. Those figures left the week with a small net outflow.
Cumulative net inflows stood at $1.81 billion, with net assets at $1.34 billion. Trading volume on Nov. 6 was $22.05 million.
October added only $18.83 million, down from $121.4 million in September. Readers can track wider crypto ETF inflows for more context.
Santiment data on Ripple’s token showed 2,147 wallets with at least 1 million XRP. This was the highest count this year. Santiment also logged 7,934 new addresses on Nov. 1.
Earlier, Santiment data showed wallets holding 10 million to 100 million XRP fell from 351 to 339. Exchange balances rose by about 50 million XRP in that period. Ali Charts linked this to a possible $0.98 target.
Ali Charts later said whales added about 60 million XRP in seven days. He noted that social sentiment fell to its lowest level since July. He called the mood a possible contrarian signal.
Traders now watched whether the XRP price could reclaim $1.20 and clear the $1.27 zone. Another slide through $1.11 and $0.98 could keep $0.9 in play. Spot XRP ETF demand might also shape the next move.
This article provides market information, not investment advice. Cryptocurrency prices are volatile, and technical forecasts do not guarantee future outcomes.
