XRP has reclaimed the $1.24‑$1.25 zone, re‑entering a price level that historically acted as a pivotal support before prior rallies.
Trading near $1.25 on Nov. 2, XRP has been retreating from its late‑September peaks. The recent decline brings the asset back to a critical support band that may signal whether the ongoing correction is nearing its end or still has further downside.
XRP Reaches the Level That Triggered Its August Rally
During April and May, XRP traded consistently above $1.30 before bearing increased selling pressure in June.
The downward trend persisted through July, driving XRP to the $1 psychological level in August. Buyers stepped in forcefully at that point, propelling the price past $1.10 and back into the $1.24‑$1.25 area.
After breaking above this zone, momentum picked up markedly.
The price surged toward $1.50, briefly touching about $1.70. A subsequent rally pushed XRP to the upper end of the range, nearing $1.60, before sellers took over.
Since then, the market structure has shifted significantly.
XRP has formed a series of lower peaks while eroding the gains from the August recovery. The correction has now brought the price back to the $1.24‑$1.25 zone that previously marked the transition between accumulation and the stronger rally.
The Crypto Basic has highlighted the $1.25 level as a key XRP rebound zone, with broader weekly support noted between approximately $1.22 and $1.34.
Why $1.25 Might Signal an XRP Bottom
The significance of the current price derives from its prior function as resistance.
Ahead of XRP’s August rally, the market encountered difficulty near $1.24‑$1.25. After buyers firmly re‑established control, price surged.
XRP is now retracing toward the same level from above, setting up a possible support‑resistance flip.
On Nov. 2, price dipped to roughly $1.2414, yet XRP stayed around $1.25, indicating it is sitting on potential support without yet confirming a solid bottom.
The current daily candle remains unfinished, so the market still needs confirmation.
A sustained defense of $1.24‑$1.25 followed by improving price structure would strengthen the case that the correction is bottoming in this area.
This also keeps focus on the $1.26 structural support previously discussed for XRP.
XRP Must Recover Above $1.30‑$1.33 to Sustain a Turnaround
Defending $1.25 would only complete the first part of a potential reversal.
XRP would next need to reclaim the $1.29‑$1.33 region, an area that repeatedly influenced price throughout October.
A recovery above this zone would indicate that the market is beginning to reverse the sequence of lower highs.
Beyond that, $1.40‑$1.50 represents the next resistance region, while the larger technical barrier remains around $1.60.
From a starting price of $1.25, a return to $1.60 would represent an advance of approximately 28%.
The bearish scenario is equally straightforward. A sustained break below $1.24 would weaken the potential bottom and increase the risk of XRP revisiting lower support. The Crypto Basic has previously identified the $1.10 region as an important downside area if large‑holder selling persists.
For now, $1.24‑$1.25 is the immediate battleground. Holding the zone and reclaiming $1.30‑$1.33 would provide the first meaningful evidence that XRP has established a bottom.
