XRP slipped below $1 in early trading today before buyers stepped in and pushed it back to $1.04. It hit an intraday low of about $0.996, a level that put the token back inside a band traders had been watching closely after weeks of weakness.
Sam Daodu edited the piece that captured the move, and the reason it is drawing attention is simple: XRP was trading at $1.02 this morning after a brief break of a major round number, with a total market value of $64.9 billion. The token is down 13.4% over the past week, 18.6% over the last two weeks and 23.3% over the past month, while still trading 72% below its all-time high of $3.65 from July 17, 2025.
The drop matters because XRP is already trading below its 20-day average of $1.21, its 50-day average of $1.34 and its 200-day average of $1.26. U.S. spot XRP funds have also seen $18 million in net outflows over the four trading days through November 12, leaving net assets at $1.16 billion, down from $1.51 billion on October 14. That selling has come alongside broader pressure in Bitcoin and XRP, even though the two tend to move together.
The level just below $1 is not just a clean chart line. XRP closed at $0.9927 on August 16, its lowest daily close of the year, so a full-day close under $1 would not be the first time the market has accepted that weakness. It would also sit only slightly above the next historical marker mentioned in the data set, $0.63 on November 14, 2023. By comparison, the current intraday low of $0.996 is 0.26 cents above the August 16 close, or about 0.33% higher, which shows how close the token came to matching that benchmark without actually taking it out.
There is still a difference between an intraday break and a daily close. A brief move below $1 can be bought back, as it was today, but a settlement below that level would tell traders the market is willing to accept a lower range rather than just test it. That is why the close matters more than the flash low: if sellers can force a daily finish under $1, the next historical support at $0.63 becomes the obvious reference point, not because it must be reached, but because the market would have moved into a far thinner stretch of prior price memory.
The wider backdrop has not helped. XRP rose to $1.45 on August 21 during a Bitcoin rally that lifted Bitcoin from $62,844 to $78,318 over the same period, but that relationship has weakened. Bitcoin was at $68,519 when the market snapshot was taken, down 4.1% in 24 hours and near its lowest point since August 18, when it closed at $64,686. A recovery above Bitcoin's 30-day low close of $71,372 would signal easing selling pressure there, but for XRP the immediate question is whether buyers can defend $1 on a closing basis after today's early break.
The answer will shape the next leg. If XRP holds above $1, today looks like another test that buyers were able to absorb. If it cannot, the market will be forced to treat the break as something more durable, with the August 16 close and then $0.63 sitting on the chart as the next markers that matter.
