XRP briefly slipped below $1 on Nov. 13, touching about $0.99 before recovering to $1.02. The move put a closely watched psychological level back in focus as the token remains under pressure: XRP is down 37% from its October peak of $1.60, while weakness in Bitcoin has weighed on the broader crypto market.
For holders whose cost basis is above $1.30, the decline leaves a difficult choice between realizing losses and staying exposed to a further pullback if support gives way. Price action remains fragile, short-term indicators are weak, and traders are watching whether buyers can defend nearby levels.
XRP’s $0.985 support and technical signals
XRP found support near $0.985 in August, and that level is again on traders’ radar. A sustained break below it could trigger stop-loss orders, liquidations of leveraged positions and further selling by holders. A defense of the area would help prevent XRP from setting a new low for 2026.
The daily relative strength index (RSI) recently fell to 21.5, a reading in oversold territory. The MACD remains bearish, however, indicating that selling momentum has yet to ease materially. An oversold reading can leave room for a rebound, but does not confirm a trend reversal; price action will remain key.
Retail and large holders show different pressures
The downturn may affect holders differently. Retail investors who bought during the summer rally could be more concerned about another break below support, while large holders may view the pullback as an opportunity to add at lower prices. The available information does not confirm that large holders have begun accumulating in size.
Exchange balances, activity in whale wallets and large transfers can help track shifts in supply and demand. If large holders add while retail investors sell, the holder mix may be changing. If both groups reduce positions, the $1 area could prove harder to defend. On-chain data needs to be considered alongside price action.
Ripple’s focus on institutional use cases
Beyond the near-term chart, Ripple is developing its ecosystem around institutional payments, financial infrastructure and stablecoin applications. Progress in these areas could shape how the market assesses XRP’s longer-term utility, but does not remove uncertainty tied to the current pullback and weak short-term momentum. No figures were provided on the scale of these business initiatives or their measurable effect on demand for XRP.
Bitcoin Hyper advances a Bitcoin layer-2 plan
Investors are also tracking infrastructure projects elsewhere in the market. Bitcoin Hyper is developing a Bitcoin layer-2 network that it plans to integrate with the Solana Virtual Machine (SVM), targeting faster transaction processing and smart-contract execution. Its design aims to combine Bitcoin settlement with higher execution speeds for decentralized finance applications and institutional partnerships.
The project has raised more than $33 million and advertises a 35% annual staking yield. Its presale is expected to end on Nov. 26, 2026, which is also the stated deadline for the token launch. These funding, yield and timing details are project information; they do not establish that the network’s applications or future performance have been validated.
Traders watch $0.985 support and rebound levels
The next several trading sessions could shape XRP’s near-term direction. In a stronger scenario, buyers would need to push the price back above $1.10 and then break through $1.17 to indicate that selling pressure is easing. Trading between $1 and $1.10 could leave the market waiting for a clearer direction.
If XRP closes below $0.985 on a sustained daily basis, it could retreat toward $0.90, potentially bringing further selling pressure. The RSI’s oversold reading leaves room for a relief bounce, but buyers’ follow-through and closing prices will determine whether support holds. The key indicators to watch are XRP’s position around $1, the $0.985 support level and changes in large-holder activity.