On November 20, 2025, XRP confirmed a significant technical breakdown, slipping below the crucial $2.15 support level amid a broader market slump. This drop of over 3.6%,
accompanied by a 76% surge in trading volume, signals a deepening bearish structure and has shifted trader focus to the next potential lines of defense.
Technical Breakdown and Market Context
The decline was part of a wave of technical selling that swept across the crypto market. With no single fundamental catalyst identified, the sell-off was largely attributed to fragile sentiment, partly influenced by a feared “Death Cross” pattern on Bitcoin’s chart that created a risk-off mood for major cryptocurrencies. For XRP, the break below $2.15 was a critical event. The session saw the price tumble from $2.21 to as low as $2.13, testing a demand zone around $2.04–$2.05 before stabilizing just above $2.11. The high trading volume during this plunge, which reached 177.9 million tokens, pointed to strong institutional selling and confirmed the technical breakdown.
This recent weakness stands in contrast to XRP’s longer-term performance. Despite the current pressure, the token has significantly outperformed both Bitcoin and Ethereum over the past 365 days, boasting an 89% gain as of mid-November. This resilience has been fueled by positive developments like the resolution of the SEC lawsuit against Ripple and the successful debut of a spot XRP ETF, which recorded the highest day-one trading volume for any ETF launched this year.
A Closer Look at the Charts
The current technical picture presents a clear challenge for bulls. The price is trading below all its main daily moving averages, confirming a downtrend bias on the higher timeframe. This configuration indicates that sellers are in control, with every rally so far failing to reclaim even the shortest-term averages. While momentum indicators like the RSI are not yet in extreme oversold territory, they show weak and stabilizing momentum, suggesting the downtrend may be losing force and could be entering a grinding or consolidation phase.
Key Levels Every Trader is Watching
In this environment, specific price levels have become critical for gauging the next major move. The immediate hurdle for any recovery is the former support level at $2.15. A sustained push and daily close above this level is needed to neutralize the immediate bearish bias. On the downside, the first meaningful defensive zone lies near $2.13, with a more significant support cluster between $2.09 and $2.05. A decisive break below this lower band could signal an expansion of volatility to the downside and open the path toward deeper support targets.
While the short-term technical structure is bearish, the combination of moderating momentum and extreme fear in the broader market sentiment suggests the trend may be in a late stage. For conservative investors, a more definitive signal of a trend change would be a daily close back above the 20-day moving average, accompanied by improving momentum indicators.
