XRP stabilizes near $1.25 as $1.20 support draws focus

What happened

XRP was trading around $1.25 on Nov. 2, when CryptoPotato published an analysis saying the token was trying to stabilize after a brief slide toward $1.20 the previous week. That move extended a decline that had been in place since late September, the outlet said, and left XRP back inside a support zone that had previously marked the September lows.

CryptoPotato reported that a daily candle had dipped to roughly $1.20 before XRP recovered back into the $1.25 area. The quick return suggested buyers were still absorbing selling pressure, the analysis said, while cautioning that the token remained within a descending channel on the four-hour chart.

The Crypto Basic's Nov. 3 analysis put XRP's Monday close at $1.24803, down 0.09%, after a session ranging from $1.23364 to $1.26254. The report said the session traded above Sunday's high and below Sunday's low but ended close to the prior close, and it noted that The Crypto Basic had previously flagged repeated buying near $1.24.

Why it matters

The $1.20-$1.25 area matters because the two reports frame it as the boundary between stabilization and a deeper move. CryptoPotato said a breakdown below $1.25 would likely expose the $1.10 demand zone, with $1.00 described as the final major floor visible on the chart. It added that losing the $1.20 swing low would undermine the current stabilization attempt and point toward the descending channel's lower boundary near $1.15, with $1.10 just beneath.

The Crypto Basic's nearer-term levels sit inside that broader zone. It said a loss of $1.23364 would weaken the latest defense and expose $1.22224, while a daily close below Friday's $1.19685 low would invalidate the broader stabilization attempt. On the other side, CryptoPotato identified $1.40 as the first sign of improving structure, followed by $1.50, while The Crypto Basic pointed to $1.26254 as the first daily close needed to clear Monday's high.

What the data shows

The Crypto Basic's moving-average readings showed XRP below its daily trend references. The 20-day EMA was $1.30389, down from $1.30977, and the 50-day EMA was $1.33873, down from $1.34243. On the four-hour chart, the latest completed close at $1.24964 remained below the 20-period EMA at $1.25341 and the 50-period EMA at $1.27032.

Above the market, The Crypto Basic listed $1.26254 as the first level to clear, followed by Friday's $1.27214 high near the longer four-hour average, then $1.28908 and the daily 20-period EMA. Below the market, it cited $1.23364 as the latest defense, $1.22224 as the next level, and $1.19685 as Friday's low. CryptoPotato's chart work added the $1.25 zone, the $1.20 swing low, the channel's upper trendline near $1.28 and lower boundary near $1.15, plus the $1.10 and $1.00 areas.

Background

CryptoPotato traced the correction to the early-2026 highs near $2.40. It said the sharp August recovery from the $1.00 region stalled just below the $1.70-$1.80 supply zone, which had acted as support before the February sell-off, and that lower highs around $1.65 and $1.40 kept the market structure tilted to the downside. On the four-hour chart, the outlet said XRP had traded in a descending channel since topping near $1.65 in late September, with each rebound producing a lower high. The latest rejection came at the channel's upper boundary around $1.34, followed by a drop below $1.25 and a wick toward $1.20 before demand returned.

What to watch

Daily closes are the main reference in both reports. The Crypto Basic said a daily close above $1.26254 would clear Monday's high, while a close below $1.19685 would invalidate the stabilization attempt. CryptoPotato said a breakout above the descending channel, with the upper trendline then near $1.28, would weaken the immediate bearish structure and open the way toward the $1.40 supply zone. Until that happens, it said the channel remains the dominant short-term pattern and rebounds are likely to meet overhead selling pressure.

Questions readers ask