XRP Price Today: $0.98 Support Under Threat Despite Oversold RSI

Deeply oversold indicators suggest a possible relief bounce, but the broader technical structure remains bearish.

The XRP price has declined approximately 4% over 24 hours, 15% over the past week, and more than 25% over the past month. The latest correction has placed the $0.98–$0.99 region under pressure, raising concerns about whether buyers can prevent another move toward $0.80.

XRP was trading between approximately $0.982 and $0.986 on November 14, following a decline that briefly pushed the asset below $1. The weakness reflects broader pressure across the cryptocurrency market, alongside a deterioration in XRP’s technical structure.

XRP failed to break $1.55 resistance, reversing from recent highs toward the channel’s lower boundary near $0.99. Source: Ali Martinez/X

In a three-day chart analysis, crypto analyst Ali Charts identified approximately $0.99 as the lower boundary of an established trading channel. XRP had previously failed to overcome resistance near $1.55 before reversing toward this level.

The analyst warned that losing $0.99 could expose the cryptocurrency to further losses toward $0.80. For an initial recovery, XRP needs to reclaim $1 and move above the $1.02 pivot region, with immediate resistance around $1.04 and $1.06.

XRP’s moving averages continue to reflect a strong bearish trend. Multi-timeframe readings show the cryptocurrency trading below its short-, medium-, and long-term simple and exponential moving averages.

XRP price chart. Source: Brave New Coin

The 10-period averages are positioned around $1.08–$1.09, while the 20-period readings sit near $1.16–$1.18. Longer-term averages are considerably higher, with the 50-period indicators around $1.26–$1.32 and the 200-period readings near $1.26–$1.34.

This positioning highlights the distance XRP must recover before challenging its previous trading levels.

The Moving Average Convergence Divergence (MACD) remains negative near -0.08, with its signal line around -0.06. Its negative histogram indicates that bearish momentum has not yet produced a confirmed reversal. The Average Directional Index (ADX) also points to a relatively strong directional trend on several timeframes.

Together, these readings show that the prevailing downtrend remains established, despite signs of extreme selling conditions in shorter-term oscillators.

The daily Relative Strength Index (RSI) is hovering around 19.8–20.8, considerably below the conventional 30 threshold for oversold conditions. Other oscillators show similar extremes, with Stochastic %K near 3–5, the Commodity Channel Index (CCI) around -130 to -143, and Williams %R near -98 to -99.

These readings indicate that XRP has experienced intense selling pressure. They also raise the possibility of short-term consolidation or a technical rebound if buyers begin entering the market.

However, oversold conditions do not guarantee a price recovery. An asset can remain in this territory during an extended downtrend, particularly when broader market sentiment remains weak.

A sustained recovery above the $1.02 pivot, accompanied by improving momentum, would provide more convincing evidence that selling pressure is easing. Until then, the RSI readings alone are insufficient to establish a bullish reversal.

Despite the broader decline, exchange-flow data has revealed a potentially important development in XRP’s market structure.

Crypto analyst CW8900 reported that Coinbase shifted to net XRP buying over two consecutive days after recording substantial initial selling activity that coincided with the recent price decline.

The volume of net selling on Coinbase was significantly higher than that seen on Binance or OKX during the decline. Source: @CW8900/X

The analyst’s exchange-flow comparison examined price movements, trading volume, and cumulative netflow or delta readings across Coinbase, Binance, Bitfinex, and OKX.

The data highlighted significant volatility around November 13, when selling pressure and leveraged liquidations contributed to XRP’s downward movement.

Coinbase’s subsequent shift toward net buying is notable because the exchange had previously recorded comparatively heavy net selling. The change suggests that buying activity emerged even as XRP remained under pressure.

The analyst also highlighted whale activity and high-leverage liquidations during the decline. The resulting accumulation signals indicate that some market participants were willing to acquire XRP at lower prices despite the market’s weakness.

However, net buying on a single exchange does not establish that the broader market has entered an accumulation phase. It also does not confirm that XRP has reached a price bottom.

Nevertheless, the development offers a contrasting perspective to the bearish technical indicators and suggests that buying interest has not disappeared entirely.

A separate monthly XRP chart analysis identifies a broader ascending channel that could influence the cryptocurrency’s longer-term direction.

According to the analysis, the price remains within a rising channel, with its lower trendline serving as an important structural support. The $0.75 region is highlighted as a critical level for preserving this formation.

XRP maintains a broader ascending channel, with $0.75 serving as critical support for preserving its bullish structure; a breakdown could trigger a deeper correction. Source: TradingView

A sustained hold above $0.75 would keep the ascending-channel structure intact, while a confirmed breakdown could indicate a deeper correction and deteriorating long-term sentiment.

The monthly RSI currently stands near 41, below its neutral midpoint of 50. This indicates weakening momentum, although it does not represent the extreme oversold conditions observed on the daily timeframe. A recovery above 50 would suggest improving longer-term buying momentum.

The analyst also outlined a potential long-term upside projection toward $10, based on the channel’s upper boundary. However, this remains a technical scenario rather than a confirmed price target. XRP would first need to stabilize, overcome intermediate resistance levels, and demonstrate sustained momentum improvement.

For now, the market presents conflicting signals. Bearish trend indicators point to continued pressure, while deeply oversold oscillators and Coinbase’s recent buying activity suggest that a short-term recovery remains possible. The coming price action will help determine whether XRP can stabilize or extend its correction.