What happened
XRP fell to $1.19 on the Binance spot market, down 9.80% in the last 24 hours, after moving within a daily range of $1.33 to $1.19. That decline pushed price below the 7-day SMA at $1.25, the 20-day SMA at $1.29, the 12-day EMA at $1.26, the 26-day EMA at $1.30, and the Bollinger lower band at $1.20. Taken together, those levels show that the latest drop was not a single failed test of support, but a broader move through several near-term reference points at once.
Why it matters
The technical picture is weak because the current price is sitting beneath the short-term trend measures that traders often use to judge whether a rebound is holding or fading. The 14-period RSI at 33.54 is still in a neutral zone in the supplied readout, but the MACD is negative at -0.0388 and the histogram is flat at 0.0000, which points to stalled momentum rather than an active recovery. The stochastic values, with %K at 0.38 and %D at 0.30, show a compressed short-term setup, but that does not by itself confirm that price will reverse.
The Bollinger structure adds to the downside pressure. XRP is trading just below the lower band at $1.20, and the %B reading of -0.0672 indicates price is stretched below the recent distribution. In practical terms, that means the latest move is already extended relative to the recent range, but it also means buyers have not yet shown enough strength to reclaim the band and stabilize price.
Key levels to watch
The supplied trading levels put immediate resistance at $1.28, a pivot at $1.23, immediate support at $1.14, and strong support at $1.09. A move back above $1.23 would be the first sign that the market is trying to steady itself after the selloff. If XRP loses $1.14, the next support in the supplied structure is $1.09. On the upside, recovery through $1.28 would begin to repair the short-term chart, while $1.37 remains the stronger resistance area.
Derivatives positioning
Binance futures data show open interest at 338,157,047.30 contracts, with open interest value at $448,701,340 and a 24-hour increase of 7.37%. That combination suggests new positioning has been building, but it does not tell us on its own whether traders are leaning bullish or bearish.
Funding is essentially neutral at 0.0100%, so the market is not paying a clear premium for one side to hold leveraged exposure. The 1-hour Binance global long/short ratio is 3.0323, with global accounts 75.2% long and 24.8% short, while top-trader accounts show a ratio of 3.6751, with 78.6% long and 21.4% short. Those figures describe Binance account positioning, not a broader split between retail and institutional investors. The taker buy/sell ratio of 0.9957 is close to balanced, with buy volume at 13,570,662 and sell volume at 13,629,286, which does not point to decisive one-way order flow.
CoinDCX’s November view is conditional
CoinDCX said on October 30, 2026 that its November 2026 projection for XRP targets $1.36, within an expected range of $1.24 to $1.43. That forecast is conditional, not automatic: CoinDCX said XRP would need to reclaim its 100-day EMA in early November for that projection to remain in play. If it does not, the firm said consolidation between $1.25 and $1.32 would be more likely.
That condition matters because the current spot price is still below the short-term moving-average cluster and below the lower Bollinger Band. In other words, the CoinDCX projection is not a straight-line bullish call from current levels; it depends on a recovery that has not happened yet.
Bottom line
XRP is under pressure because price has broken below several near-term trend measures, while derivatives data show active positioning without a clear directional edge. The chart will improve only if price reclaims the pivot and then the resistance band above it. Until then, the reported data supports a market that remains technically damaged and still looking for stabilization rather than confirmation of a reversal.
