Here’s the Level That Could End Current XRP Pullback or Lead to Deeper Declines

XRP is getting closer to an important level on its weekly chart that could determine whether its current pullback comes to an end or leads to further losses. The crypto asset opened the week at $1.2493 and briefly reached $1.3393 before sellers pushed the price lower. XRP fell from around $1.32 at 9 AM on Thursday, Nov. 5, to $1.1761 by 7 AM on Friday, Nov. 6. This represented an 11% drop in less than 24 hours. The decline followed the Democrats’ victory in the U.S. House, which triggered selling across the broader crypto market. With XRP trading around $1.1981, a major trendline now sits just 7.3% below its current price. XRP’s latest decline came as the broader crypto market also faced heavy selling.

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