XRP 6-Week Bearish Sentiment Revisits 2026 Extremes: Will Price Fall Further?

$XRP slipped below $1 as selling pressure intensified across spot and derivatives markets, bringing the cryptocurrency back to levels last seen at its previous 2026 low. At the time of reporting, $XRP traded at $0.9871, down 4.09% over the past 24 hours.

Bitcoin lost 2.5% over the same period, while the broader crypto market fell about 2.3%. Per reports, persistent inflation and expectations of a Federal Reserve rate increase have put pressure on digital assets, although $XRP suffered steeper losses.

$XRP Bearish Sentiment Deepens as Short Exposure Rises

$XRP liquidations reached $13.95 million in 24 hours. Of that amount, $12.78 million came from long positions, accounting for 92% of the total. Open interest, however, rose 0.76% to $2.19 billion even as prices fell, suggesting that traders were adding short positions.

Meanwhile, the funding rate fell into negative territory at -0.0067%, equivalent to -7.3% on an annualized basis. Selling pressure also extended across the futures market as taker selling exceeded buying by 10.6%, leaving the buy-to-sell ratio at 0.90.

The weakness extended to spot markets, where net outflows reached $50.87 million while trading volume declined 13.36%. Similarly, U.S. spot $XRP ETFs recorded $1.09 million in net redemptions on November 13.

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$XRP Risks 24%–35% Downside if Weekly Support at $0.9862 Fails

On the weekly chart, $XRP was down 11.43% at $0.9860. The token traded below both the 200-week and 50-week moving averages at $1.2861 and $1.4101. Notably, $XRP touched $0.9800 during the week, slipping beneath its previous 2026 low of $0.9862.

The weekly candle has yet to close, however, and a sustained break below that level could strengthen bearish sentiment. The next Murrey Math support level sits at $0.7813. Below it lies the $0.75–$0.64 region, which acted as resistance before the late-2024 breakout.

A decline into this area would represent losses of approximately 24%–35% from current levels. Further down, another historical support level sits at $0.4860.

What Could Invalidate $XRP’s Bearish Outlook?

In the near term, $XRP faces a long liquidation cluster at $0.9760, while short liquidations are concentrated around $1.006. A recovery would bring $1.1719 and the weekly moving averages back into focus. Beyond these levels, major weekly resistance extends from $1.50 to $1.69. A break above this region would expose the next resistance levels at $1.8706 and $1.9531.

Key $XRP Support and Resistance Levels

Bullish Case

$XRP would first need to get back above $1.1719. That could bring the $1.50-$1.69 resistance area back into play.

Bearish Case

Below $0.9862 on a weekly closing basis, attention shifts to $0.7813 and then the $0.64–$0.75 range.

Neutral Case

Meanwhile, $XRP may spend more time trading near $1 if weekly support holds.

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