XRP has returned to the $1.24-$1.25 region, putting the cryptocurrency at a technically important price area that previously served as a major pivot before a strong recovery.
XRP is trading around $1.25 on Nov. 2, after falling steadily from its late-September highs. The latest pullback has taken the asset back toward a support zone that could determine whether the months-long correction is approaching exhaustion or has another leg lower remaining.
XRP Returns to the Level That Preceded Its August Breakout
XRP spent much of April and May trading comfortably above $1.30 before selling pressure intensified in June.
The decline continued through July and eventually pushed XRP toward the $1 psychological region in August. Buyers responded aggressively from that area, allowing XRP to recover through $1.10 and eventually reclaim the $1.24-$1.25 zone.
Once XRP cleared this region, momentum accelerated.
Price rapidly advanced toward $1.50 and temporarily reached approximately $1.70. A later rally again challenged the upper portion of the range, with XRP approaching the $1.60 area before sellers regained control.
Since then, the structure has changed considerably.
XRP has produced a sequence of lower highs while gradually surrendering the gains generated during the August rebound. That correction has now returned price to the same $1.24-$1.25 region that previously helped separate the accumulation phase from the stronger advance.
The Crypto Basic has previously identified the $1.25 region as an important XRP rebound area, while the broader weekly structure also highlighted support extending from roughly $1.22 to $1.34.
Why $1.25 Could Become an XRP Bottom
The importance of the current level comes from its previous role as resistance.
Before XRP’s August expansion, the market struggled around the $1.24-$1.25 region. Once buyers decisively reclaimed it, price moved sharply higher.
XRP is now approaching the same level from above, creating a potential support-resistance flip.
Price traded as low as approximately $1.2414 on Nov. 2, while remaining around $1.25. This places XRP directly on the potential support rather than confirming that buyers have already established a durable bottom.
The current daily candle also remains unfinished, so the market still needs confirmation.
A sustained defense of $1.24-$1.25 followed by improving price structure would strengthen the case that the correction is bottoming in this area.
This also keeps focus on the $1.26 structural support previously discussed for XRP.
XRP Needs to Reclaim $1.30-$1.33
Defending $1.25 would only complete the first part of a potential reversal.
XRP would next need to reclaim the $1.29-$1.33 region, an area that repeatedly influenced price throughout October.
A recovery above this zone would indicate that the market is beginning to reverse the sequence of lower highs.
Beyond that, $1.40-$1.50 represents the next resistance region, while the larger technical barrier remains around $1.60.
From a starting price of $1.25, a return to $1.60 would represent an advance of approximately 28%.
The bearish scenario is equally straightforward. A sustained break below $1.24 would weaken the potential bottom and increase the risk of XRP revisiting lower support. The Crypto Basic has previously identified the $1.10 region as an important downside area if large-holder selling persists.
For now, $1.24-$1.25 is the immediate battleground. Holding the zone and reclaiming $1.30-$1.33 would provide the first meaningful evidence that XRP has established a bottom.