XRP fell more than 10% this week and dropped below $1.00, touching a two-year low near $0.965. Analysis of the weekly and 4-hour charts shows sellers in control, though a bullish RSI divergence hints that bearish momentum is fading.
XRP fell more than 10% this week, extending its November sell-off and dropping below $1.00. The token is now testing the same support level that launched its August rally.
Weekly chart shows a broad bearish structure
The weekly chart shows XRP in a broad bearish structure since it peaked near $3.65 in July 2025, with lower highs and lower lows. The August 2026 rally from $1.00 briefly lifted the price into the $1.60 resistance zone, but two rejections there handed control back to sellers, and the decline has erased the entire move.
XRP's current weekly candle has wicked to approximately $0.965, a two-year low. A decisive weekly close below $1.00 would confirm a breakdown and expose the $0.80 demand zone, which capped price action through 2023 and 2024. Below that, the $0.50 region would become the next major floor.
On the upside, a successful defense of $1.00 could support another rebound. However, XRP would need to reclaim the $1.60 region to shift the broader structure, and until then any rally would likely remain a relief move within the downtrend.
Short-term chart hints at fading momentum
On the 4-hour chart, XRP lost the $1.25 support zone after a rejection near $1.35 in early November. The asset now trades inside the $1.00 demand zone, with the latest candles hovering around $0.98.
The RSI offers a more constructive signal. The indicator has formed higher lows after bottoming near 20, creating a bullish divergence with a current reading of approximately 33, even as price made lower lows. That suggests bearish momentum is fading, although a divergence alone does not confirm a reversal.
If buyers hold $1.00, a relief bounce toward $1.07 and potentially $1.13 could follow. A sustained break below $0.98, by contrast, would invalidate the divergence and bring the weekly $0.80 zone into focus.
Source: CryptoPotato
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