Crypto analyst XRP Update (@XrpUdate) issued a warning to the XRP army as the asset broke below the $1.25 support level. Traders had been watching this zone closely for weeks. At the time of the post, XRP traded at $1.2382, down 5.02% on the day.
The analyst stated: “$1.20 is next. If that breaks, the $1.00 zone could be back in play.” The chart shared alongside the post tells a clear story. XRP lost the $1.3128 level earlier in November and failed to reclaim it. The $1.2501 zone, which had held as support through recent selling pressure, gave way on Friday.
With that gone, the next meaningful floor sits at $1.2005, followed by the major $1.0009 level last tested before the breakout in late August.
$XRP JUST LOST THE $1.25 SUPPORT 📉
$1.20 is next. If that breaks, the $1.00 zone could be back in play 🆘 🆘 pic.twitter.com/G2dkI9P9Tq
— XRP Update (@XrpUdate) November 5, 2026
The Price Has Continued to Fall
Since the post, XRP has declined further. The token now trades at $1.20, down 8.05% from yesterday, testing the exact level the analyst flagged as the next critical zone. The speed of the drop confirms the selling pressure is not letting up.
A break below $1.20 on a daily close would open the door to the $1 region. That level carries significance as the last major structural support on the chart, having held during August when XRP briefly dipped below $1 before recovering sharply into September.
Election Fallout Hits XRP Hard
The sell-off carries a specific catalyst beyond general crypto weakness. Democrats secured control of both the House and Senate in Tuesday’s midterm elections. For XRP, the result threatens one of its core investment narratives.
XRP’s bull case through 2025 and into 2026 rested heavily on the prospect of clear crypto legislation passing through a friendly Congress. A Democrat-controlled legislature makes that path significantly harder. Regulatory clarity for digital assets, including legislation that could benefit Ripple directly, now faces an uncertain timeline.
The election result hit the broader crypto market simultaneously with a sharp selloff in AI and technology stocks. The Nasdaq dropped sharply on Thursday as investors processed concerns over data center regulation under the new congressional majority.
What’s Next for XRP?
XRP fell harder than Bitcoin and Solana on the day, and is down 17.55% from this time last month. This shows its sensitivity to U.S. regulatory developments on top of the general market decline.
XRP Update’s warning about $1 returning as a target is now a live conversation. CharNerd, a prominent analyst, has predicted that XRP will drop to $1 before the end of the year. With support failing to hold, that outcome is becoming more likely.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
