- Losing 1.21–1.22 support puts $1.10 and the August low near $1 in focus.
- The $2.60 target requires a recovery through $1.35 and $1.65 resistance.
- XRPL handled $20.1 billion in October RLUSD transfers, according to Token Relations.
XRP price fell 7.3% to $1.19 in the supplied market snapshot, breaking below the 1.21–1.22 support zone. The decline accompanied broader weakness across technology stocks and cryptocurrencies. Traders now face a test near $1.10, while stronger RLUSD activity on the XRP Ledger provides ecosystem context without confirming a reversal in the token’s market trend.
XRP Price Faces $1.10 Test After Losing Key Support Zone
The technical outlook identifies $1.21–$1.22 as the intersection of two Fibonacci measures. Losing that area leaves former support as potential resistance during any rebound.
The next level, $1.10, corresponds to the cited 78.6% retracement and sits approximately 7.6% below $1.19. A decisive break would weaken the bullish scenario and expose the August swing low near $1.
For XRP price, falling below $1 would invalidate that specific bullish setup. Such a move would represent roughly 16% downside from the quoted market level.
Recovery first requires reclaiming $1.21–$1.22, followed by a move above the recent $1.35 swing high. The outlook also calls for a sustained five-wave advance on shorter timeframes.
Beyond those hurdles, $1.65 stands before the conditional $2.60 target. Recent three-wave rebounds have not provided the confirmation required by this analysis.
XRP Price Outlook Meets Stronger RLUSD Network Activity
Token Relations reported $20.1 billion in October RLUSD transfers on XRPL, compared with $15.4 billion on Ethereum. XRPL accounted for approximately 57% of transfer volume while holding 42% of supply.
Monthly transfers increased from $2.2 billion in January, representing roughly ninefold growth. These figures measure stablecoin movements, which can include repeated transfers, rather than equivalent new investment in XRP.
Separately, EGRAG Crypto expects weakness during November’s first half before a potential bullish reversal later in the month. He acknowledges that historical seasonality offers context rather than certainty, noting that November’s median return has been negative.
His geopolitical scenario is also hypothetical and does not establish when a market recovery will occur. In the supplied snapshot, XRP price is $1.19, down 7.3% over 24 hours.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
