Ripple's cryptocurrency XRP has fallen about 70 percent from a key resistance level, raising the possibility of a further drop to a long-term rising support zone. The current price has not broken below that support area, and whether it holds could determine the next move, either further losses or a rebound.

The Crypto Basic, a blockchain media outlet, reported on Nov. 12 local time that XRP was trading around $1.0358 based on a weekly Bitstamp snapshot taken on Nov. 12. That is about 70 percent below the $3.45 resistance level. Downward pressure has increased as the recent pattern of lower highs persisted and the $2 level, the midpoint of a 2025 consolidation range, broke lower in 2026 and has not been recovered.

The main resistance zone was cited as between $1.99 to $2 and $3.45. The $2 level was a price area where XRP repeatedly traded in the past, but it did not regain that level as support during rebounds after the break. The $3.45 level is an upper resistance line close to a major high, and some past weekly candles showed wicks rising above it.

Below the price, a long-term rising support zone remains. On a log-scale chart, the support band as of November 2026 is roughly around $0.65 to $0.80 to $0.82. It is not a fixed price line but a trendline that rises over time, and it aligns with major lows from 2020 to 2024. Past cases also show temporary drops below the band, so it cannot be definitively regarded as the exact bottom.

At around $1.04, XRP is approaching this support area rather than breaking below it. A fall to the upper boundary of $0.80 to $0.82 would mean an additional decline of about 21 to 23 percent from the current price, while a slide to the lower boundary of $0.65 would be about 37 percent. If XRP were to fall another 70 percent from $1.0358, it would be about $0.31. This is a simple arithmetic calculation and not a target derived from the support band. Two consecutive 70 percent drops would amount to a cumulative decline of 91 percent from the initial price.

For a long-term bearish scenario to materialise, XRP would need to break below the rising support band, close a weekly candle below that zone, and then fail to recover the band. This should be distinguished from cases where the price briefly dips below support and then rebounds. Before reaching the long-term support band, around $0.90 below $1 was presented as a short-term downside reference level.

Even if the price rebounds from the support band, a trend reversal would require overturning the pattern of lower highs and recovering key resistance levels. From the current price, XRP would need to rise about 93 percent to reach $2 and about 233 percent to reach $3.45. A bounce at support alone would not be enough to conclude it has broken through the broader resistance zone.

The weekly candle in progress as of Nov. 12 was down about 6.87 percent, with a low around $1.0301. Weekly trading has not yet ended, so the decline and the candle shape alone cannot confirm a weekly closing signal. Whether XRP stabilises before reaching the long-term support band, or defends that zone after further declines, will be a key factor for the next move.