XRP Price Nears Key Support After 25% Drop From October Levels

XRP price traded near $1.16 on November 7 after falling sharply from an early October level near $1.55. The decline, roughly 25%, has coincided with leveraged liquidations and weaker market sentiment, while analysts identify several possible support levels. The token slipped below the $1.21 area during the latest selloff, adding pressure to an already weak weekly chart. Analyst ChartNerd identified a demand zone between $1.16 and $1.04, while Ali Martinez pointed to a lower boundary near $0.99. Other traders see room for stabilization. Dark Defender said the broader technical structure remained intact, with $1.12 serving as a level that buyers need to defend. XRP price is trading at around $1.17, falling drastically from the previously recorded values.

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