XRP is trading at $1.01, down 14% over the past seven days, according to CoinGecko data. Price charts show no sign yet that the slide is over.
The token is down 0.6% in the past 24 hours. Its market value stands near $64.4 billion, and about $2.06 billion has traded in that time.
A Year Stuck in a Range
XRP has moved inside a fairly well-defined range for most of 2026:
The February lows formed around $1.10 to $1.12.The price then bounced, set a lower low in August and rallied back toward the February highs.That rally was rejected, and the price is now sliding back toward the August floor.
Bitcoin and most large tokens have followed a similar range-bound pattern this year.
The selling sped up after XRP formed a lower high on November 4 to 5. Most of the gains from the August low have now been given back, and Fibonacci support levels failed to slow the decline.
$0.985 Is the Next Floor
With the rally mostly erased, the August swing low at $0.985 is the next likely support. A larger Fibonacci level also sits just below, near $0.98.
That leaves the $0.98 to $1 area as the zone to watch. In a three-leg pullback, the price could even dip slightly below the August low without breaking the broader structure. Momentum in the short term still points down.
No Bottom Without $1.34
XRP has not confirmed a low. The first test is a break above $1.34 on the daily chart. Until that happens, buying the decline means catching a falling knife.
On smaller timeframes, $1.12 is the nearer level to watch. It marks the last relevant swing high, and a move above it would be the first sign that a local bottom has formed.
To call a bottom with more confidence, the chart would need to show this sequence:
A break above the $1.12 swing highA five-leg move higher on the smaller timeframeA three-leg pullback that holds above the prior lowA fresh push above the top of the first advance
Even that pattern is a confirmation signal, not a guarantee.
Bitcoin Holds the Key
XRP is also weak against Bitcoin. The XRP/BTC pair has lost its own August low, removing another layer of support, and the pair has been in a weak phase since 2025.
As a result, XRP’s direction now depends more on Bitcoin than on its own chart. If Bitcoin’s correction deepens, XRP could fall further than BTC. A recovery in XRP is unlikely to start before Bitcoin’s pullback runs its course.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
