$20 Million in 24-Hour Liquidations: Ripple Price Forecast Puts XRP’s $1.00 Support at Risk

• $1.00 is the approximate trading level for XRP. The token is correcting as selling intensifies and technical conditions weaken.
• More than $20 million in liquidations over 24 hours underscores the pressure on XRP derivatives.
• Despite deeply oversold conditions, XRP appears to have little scope for recovery as the MACD indicator stays negative.

$1.00 is the approximate level for Ripple (XRP) on Friday. The remittance token remains under pressure after a steep slide that began on November 5. The $6.3 billion Binance hack initially triggered the decline, which was subsequently intensified by the United States (US) midterm elections.

A mild increase in inflation, shown in the US Consumer Price Index (CPI) report published earlier this week, strengthened widespread expectations of a December interest rate rise by the Federal Reserve (Fed).

$20 million-plus liquidations pressure XRP

A reading of 20 placed the Fear & Greed Index in Extreme Fear territory on Friday, compared with 28 a day earlier. The drop highlights persistently subdued demand for digital assets, consistent with the continuing sell-off across the wider crypto market and XRP derivatives.

Long positions account for most of the average 24-hour liquidations of over $20 million reported by CoinGlass. Short liquidations total just $1.2 million over the same period, showing that bullish traders have borne the brunt of the losses. If liquidations continue, forced position closures by more traders could add to the pressure on XRP.

$1.03 XRP: technical outlook weakens as sellers advance

At $1.03, XRP retains a distinctly bearish bias. The price sits far below both short- and long-term Exponential Moving Averages (EMAs), as well as the active SuperTrend line. Closely spaced overhead barriers continue to weigh on the pair. The 10-day SuperTrend at $1.19 is the first obstacle, followed by the 50-day EMA at $1.26, the descending resistance trendline break level at $1.27, the 100-day EMA at $1.29 and the 200-day EMA at $1.34.

The momentum indicators also favour further downside. The Moving Average Convergence Divergence (MACD) shows a weak profile below zero, while the Relative Strength Index (RSI), at 22, has fallen deep into oversold territory. These readings suggest that, despite intense selling pressure, brief corrective rebounds are possible. A sustained recovery appears less likely for now.

The key demand zone remains $1.00, as the available dataset identifies no significant support beneath the current price. On the upside, the SuperTrend barrier near $1.19 marks the first obstacle to recovery. Only a daily close above that level would relieve near-term selling pressure. Such a move would bring the next ceilings into view: the 50-day EMA at $1.26 and the adjacent descending trendline resistance at $1.27.

Beyond those levels, a wider medium-term resistance zone spans the 100-day EMA near $1.29 and the 200-day EMA around $1.34. This band would likely cap any rebound. While XRP remains below this cluster, the broader technical structure stays bearish.

(The technical analysis of this story was written with the help of an AI tool. Know more.)