Key Insights
- XRP price slipped over 4% to trade near $1.01 on Nov. 13 as the broader crypto market crash pushed Bitcoin below $69,000.
- Market analyst Ali Martinez warned that losing the $0.99 support level could trigger an extended sell-off toward $0.80.
- Institutional demand via XRP ETFs stalled with flat daily net flows, while CoinGlass derivatives data showed futures open interest falling to $2.25 billion.
The XRP price came under heavy selling pressure on Nov. 13, hovering precariously above the $1.00 psychological threshold during a sharp crypto market crash.
Technical analysts and derivatives metrics pointed to heightened downside risks if buyers fail to defend immediate horizontal support.
Ali Charts Warns XRP Price Could Slide to $0.80
Crypto market analyst Ali Martinez, known as Ali Charts on X, flagged a critical breakdown risk for Ripple’s native token on Nov. 13. Following a decisive rejection near the $1.55 resistance level earlier in the cycle, the XRP price has remained trapped inside a steady descending structure.
Martinez noted that the $0.99 price level acts as the final major support floor before a deeper liquidity vacuum opens below. If sellers force a confirmed break under $0.99, the analyst projected that the XRP price could drop toward $0.80.
Such a move would extend the token’s November decline from roughly 18% to 36%, erasing gains built since late summer.
EGRAG CRYPTO Tracks Two-Week Gaussian Channel Shift
While short-term charts flash warning signs, technical analyst EGRAG CRYPTO on X examined higher-timeframe structures for clues on a potential floor.
In an update shared on Nov. 12 and Nov. 13, EGRAG CRYPTO pointed out that the Gaussian Channel on XRP’s two-week chart is transitioning to red.
During the previous market cycle, a similar red channel transition occurred right as the XRP price formed a macro double bottom before staging a prolonged recovery.
The analyst identified the $1.00 to $1.04 range as a vital stabilization zone where buyers could establish a higher second low.
However, EGRAG CRYPTO emphasized that the reversal remains unconfirmed until bulls reclaim a three-day close above $1.65 and eventually clear $3.50.
XRP ETFs Stall and Open Interest Drops in Crypto Market Crash
Institutional flow data and derivatives positioning reflected cautious market sentiment during the ongoing crypto market crash.
According to CoinGlass XRP ETF data, U.S. spot XRP ETFs recorded zero net inflows in their latest reporting session, leaving total net assets at $802.43 million and cumulative net inflows near $1.68 billion.
Weak institutional inflows coincided with persistent redemptions across Bitcoin and Ethereum funds as macro rate concerns weighed on risk assets.
Meanwhile, CoinGlass XRP futures open interest data showed total XRP open interest declined 4.32% over 24 hours to $2.25 billion, or roughly 2.19 billion XRP.
Over the same 24-hour window, leveraged traders suffered $12.58 million in XRP liquidations, with long positions accounting for 95% of the forced closures.
What Next for XRP Price?
With daily Relative Strength Index (RSI) readings sitting deep in oversold territory near 21.9, traders are watching whether spot demand can absorb selling pressure at $1.00.
Order-book depth data on CoinGlass highlighted a $2.3 million spot buy wall resting at $1.00 on Coinbase alongside a $3.2 million futures buy wall at $1.019 on Gate.
Holding above $0.99 could allow the XRP price to attempt a relief bounce toward immediate overhead resistance between $1.04 and $1.15.
Conversely, continued weakness across XRP ETFs and cascading liquidations from the broader crypto market crash would leave the $0.80 downside target firmly in play.
For more context on how market-wide selling is affecting major assets, read our latest report on Binance filing for a crypto license in Brazil and our update on Hyperliquid unveiling its HIP-3 upgrade.
