XRP Declines Below Key Support as Selling Pressure Builds

XRP has fallen below a closely watched support zone as buying interest weakens and selling pressure spreads across the cryptocurrency market. The decline raises concerns about a deeper correction, particularly as derivatives data points to reduced bullish positioning and growing pressure on leveraged traders.

XRP Falls Below the $1.25 Support Zone

XRP has come under renewed selling pressure after failing to maintain its recent recovery. The token's decline below the $1.25 area has weakened its short-term technical structure and raised questions about whether buyers can regain control.

At the time of writing on November 6, 2026, XRP was trading near $1.19, down approximately 9% over 24 hours, according to CoinMarketCap. Its intraday trading range extended from approximately $1.18 to $1.32, highlighting the intensity of recent price fluctuations.

The $1.25 level had previously acted as an important demand zone. Buyers stepped in when XRP approached this area in late October, helping the token recover from a temporary decline toward $1.20. However, the latest selling wave has pushed the price below that previous support, suggesting that buying interest may no longer be strong enough to absorb selling pressure.

The broader technical picture also remains challenging. XRP faced rejection near $1.70 in late September, beginning a sequence of lower highs that reflected weakening bullish momentum. Subsequent recovery attempts struggled to overcome nearby resistance, leaving the token vulnerable to another downward move.

According to recent technical analysis published by The Crypto Times, a decisive breakdown below $1.25 could expose the $1.10 region, followed by the psychologically important $1.00 level.

These levels are potential areas of interest rather than guaranteed price targets. Whether XRP continues lower will depend partly on how the market responds after losing the previous support zone. A quick recovery above $1.25 could weaken the bearish signal, while continued trading below it would suggest that sellers retain control.

Selling Pressure Intensifies Across the XRP Market

The latest XRP decline has coincided with broader weakness in the cryptocurrency market. This suggests that the token's performance is not driven exclusively by XRP-specific developments.

On November 5, XRP dropped approximately 5.46%, falling from around $1.32 to $1.23. During the same period, the total cryptocurrency market capitalization declined by approximately 5.15% to $2.55 trillion. The Crypto Fear and Greed Index also stood at 33, reflecting cautious market sentiment.

The weakness extended into derivatives trading, where leveraged positions came under increasing pressure. Data reported by The Crypto Times, citing CoinGlass, showed that XRP futures trading volume declined 9% to approximately $2.94 billion, while open interest decreased 5.20% to $2.83 billion in the reported 24-hour period.

Open interest measures the total value of outstanding derivatives contracts. Its decline alongside falling prices can indicate that traders are closing positions, reducing exposure or being forced out of the market.

Liquidations added another layer of pressure. Approximately $12.67 million in XRP positions were liquidated over 24 hours in the November 5 snapshot. Long positions accounted for roughly $12.13 million, compared with approximately $541,310 in short positions.

This imbalance indicates that bullish traders experienced substantially greater liquidation pressure than bearish traders. When leveraged long positions are automatically closed, the resulting market activity can amplify short-term volatility and reinforce an existing downward move.

However, liquidations should not be interpreted as evidence that all market participants have turned bearish. They primarily reflect the forced closure of leveraged positions and do not reveal the intentions of every spot investor.

Cooling Demand Makes an XRP Recovery More Difficult

One of the main challenges facing XRP is the apparent reduction in demand needed to sustain a meaningful recovery.

During a strong bullish phase, buyers typically enter the market during price declines, providing liquidity and preventing temporary corrections from developing into extended selloffs. When that buying interest weakens, even moderate selling activity can have a greater effect on prices.

XRP's recent price structure reflects this difficulty. Repeated failures to establish higher highs suggest that buyers have struggled to maintain upward momentum. The latest move below $1.25 further complicates the recovery because traders who previously viewed that area as an attractive buying opportunity may now become more cautious.

The derivatives market provides additional evidence of reduced speculative participation. Falling futures volume and open interest suggest that traders are becoming less willing to maintain leveraged exposure during the downturn.

Importantly, lower derivatives activity does not necessarily mean that long-term investors have abandoned XRP. Some traders may simply be reducing risk until clearer market conditions emerge.

Nevertheless, the combination of weaker bullish positioning, substantial long liquidations and a declining price structure creates a difficult environment for an immediate recovery.

The market now needs to demonstrate that buyers are willing to return with enough conviction to challenge the latest selling pressure.

Whale Accumulation Provides a Potential Counter-Signal

Despite the bearish price action, not all indicators suggest that investors are abandoning XRP. Some on-chain activity points to continued interest from large holders, creating a more complicated picture of market demand.

According to data from Santiment Intelligence cited by market analyst Ali Charts, approximately 13.24 million XRP were withdrawn from cryptocurrency exchanges around 01:00 UTC on November 5. The analyst also reported that whale holdings increased by approximately 60 million XRP over the preceding week.

Exchange withdrawals can indicate that investors are moving tokens into private wallets rather than keeping them readily available for trading. If these movements reflect long-term accumulation, they could gradually reduce the amount of XRP immediately available for sale.

However, this activity does not necessarily mean that large investors are preparing for an immediate rally. There is also no confirmation that the XRP withdrawn from exchanges represents the same tokens added to whale holdings. The two figures measure different on-chain activities, and their relationship remains unconfirmed, as reported by Blockonomi.

The distinction matters because exchange outflows can have several explanations, including transfers between wallets, custody changes and longer-term storage decisions.

More importantly, large-holder accumulation has not yet translated into sufficient buying pressure to reverse XRP's recent decline. The price continues to face resistance, suggesting that broader market selling and weaker speculative demand are currently having a stronger influence.

For bulls, sustained accumulation could provide a foundation for a future recovery. However, confirmation would require improved spot-market demand and a more stable price structure.

Key XRP Price Levels to Watch After the Breakdown

The loss of the $1.25 support zone changes the technical outlook and shifts attention toward lower price levels. Traders will likely focus on whether XRP can stabilize near its recent lows or whether another wave of selling develops.

The $1.20 area is an important near-term level. It previously attracted buyers during the late-October decline, making it a potential area for another recovery attempt. If XRP manages to hold above this zone, short-term consolidation could develop as buyers and sellers reassess market conditions.

A sustained move below $1.20, however, would increase the risk of further losses. The next potential support area is around $1.10, while $1.00 represents a more significant psychological and technical level.

On the upside, reclaiming $1.25 would be an important first step toward improving market sentiment. A recovery above this level could suggest that the latest breakdown was temporary rather than the beginning of a deeper correction.

Further resistance could emerge around $1.40 and $1.50. These levels would need to be overcome before a broader recovery could gain credibility.

The following scenarios illustrate the main levels traders may monitor:

These levels should be treated as reference points rather than precise predictions. A temporary move below support does not automatically confirm a sustained bearish trend, particularly when market volatility remains elevated.

What Could Determine XRP's Next Direction?

Several factors could influence whether XRP extends its decline or begins to recover.

First, broader cryptocurrency market sentiment remains important. XRP has experienced selling pressure alongside weakness in other digital assets. If risk appetite continues to deteriorate, even positive developments within the XRP ecosystem may struggle to generate sustained buying interest.

Second, spot-market demand needs to improve. A recovery driven primarily by short covering or temporary derivatives activity may not be strong enough to establish a durable upward trend. More consistent spot buying would provide stronger evidence that investors are returning.

Third, derivatives positioning deserves attention. Further reductions in open interest could indicate that leveraged traders are continuing to exit the market. Although this process can reduce speculative pressure over time, forced liquidations may create additional short-term volatility.

Finally, whale activity should be monitored alongside actual price performance. Continued accumulation could support the longer-term outlook, but it becomes more meaningful when accompanied by improving trading volume and successful attempts to reclaim former support levels.

For now, XRP faces a challenging combination of weaker demand, technical deterioration and broader market uncertainty. The recent breakdown below $1.25 has strengthened the bearish outlook, although large-holder activity suggests that some investors remain interested in accumulating the asset.

Whether that interest is sufficient to reverse the decline remains uncertain. Until XRP reclaims important resistance levels and demonstrates stronger spot demand, the possibility of further downside cannot be dismissed.