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<a href="https://www.thestreet.com/crypto/markets/xrp-could-rally-71-again-but-theres-one-big-catch" rel="noopener noreferrer nofollow">XRP</a> is back at a level it hasn’t tested in three months.&nbsp;
At the time of writing, the token briefly <a href="https://www.coingecko.com/en/coins/xrp?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">dropped</a> below $1 on Friday, Nov. 13, for the first time since August, touching an intraday low of $0.9967 before recovering to around $1.02.
The broader <a href="https://www.thestreet.com/crypto/tag/crypto-market" rel="noopener noreferrer nofollow">crypto market</a> is under heavy pressure. Now one closely followed analyst <a href="https://www.thestreet.com/crypto/markets/if-you-invested-1000-in-xrp-at-its-2025-high-here-is-what-it-is-worth-today" rel="noopener noreferrer nofollow">says XRP’s next move</a> depends on a single support level.&nbsp;
XRP has slid back to the bottom of its trading range, and the analyst says the next move could get worse.
<h2 id="selling-hits-the-whole-market">Selling hits the whole market</h2>
In an <a href="https://x.com/alicharts/status/2121109733511745792" rel="noopener noreferrer nofollow">X post</a>, crypto analyst Ali Charts said XRP failed to break above $1.55, the top of its price channel, and has now made a full reversal toward the channel’s lower boundary at $0.99.
<blockquote>
 “Now, $0.99 must hold,” he wrote. “If XRP loses this support, the correction could extend toward $0.80.”
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/if-you-invested-1000-in-trump-media-on-its-first-day-heres-what-its-worth-today" rel="noopener noreferrer nofollow">Related: If you invested $1,000 in Trump Media on its first day, here’s what it’s worth today</a>
A drop to $0.80 would be about 19% below that support.
<blockquote>
 “XRP REVERSES ALL GAINS It happened.&nbsp;XRP failed to break above the $1.55 resistance at the top of the channel and has now completed a full reversal toward the channel’s lower boundary at $0.99,” the analyst said.
</blockquote>
XRP isn’t falling alone. <a href="https://www.thestreet.com/crypto/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> dropped 6.7% to around $68,800, and crypto <a href="https://www.thestreet.com/crypto/markets/xrp-could-crash-to-1-25-before-this-analyst-expects-a-major-rebound" rel="noopener noreferrer nofollow">liquidations</a> reached $727 million over 24 hours on Nov. 12.
Inflation data added to the pressure. U.S. producer prices rose 6.5% from a year earlier, according to the latest PPI <a href="https://www.bls.gov/ppi/" rel="noopener noreferrer nofollow">report</a>.
Institutional demand has cooled too. U.S. spot XRP ETFs saw about $18 million in outflows over two sessions.
<h2 id="what-ali-charts-has-flagged-before">What Ali Charts has flagged before</h2>
The analyst has had $0.99 on his radar for days.&nbsp;
Earlier this month, he said <a href="https://www.thestreet.com/crypto/markets/crypto-analyst-says-everything-hinges-on-xrp-holding-key-support" rel="noopener noreferrer nofollow">XRP had broken</a> below the channel’s mid-range support, which shifted his focus to the lower boundary near $0.99.
His more recent call was more hopeful. As we reported on Nov. 9, he said XRP looked <a href="https://www.thestreet.com/crypto/markets/xrp-could-be-ready-for-a-13-bounce-but-one-level-matters" rel="noopener noreferrer nofollow">ready to bounce</a> from the bottom of a month-long descending channel and could climb toward $1.30 if $1.14 held. That level has since given way.
In late October, citing Santiment data, <a href="https://www.thestreet.com/crypto/markets/xrp-just-sent-a-warning-signal-that-could-spell-trouble-for-traders" rel="noopener noreferrer nofollow">he warned that</a> XRP could fall to $0.98 if whales kept selling.
His latest target also echoes an August call. Back then, he named $1.06 as a make-or-break zone for <a href="https://www.thestreet.com/crypto/tag/xrp" rel="noopener noreferrer nofollow">XRP</a> and said losing it could open a path toward $0.80, and potentially $0.62.
For now, traders are watching whether XRP can close above $0.99. The August low of $0.9852 is the next level below that.
<a href="https://www.thestreet.com/crypto/markets/musk-warned-america-will-go-1000-bankrupt-now-u-s-debt-tops-40-trillion-and-counting" rel="noopener noreferrer nofollow">Related: Musk warned America will go 1,000% bankrupt. Now U.S. debt tops $40 trillion and counting</a>

XRP crashes toward $0.99 as analyst warns of another brutal drop

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