Karla Barker 
XRP is trading near $1.12 and is closing in on the $1 mark, a level that now looks like the next real test for the token. The asset is down about 11% over the past week and roughly 20% over the past month. That puts it among the weakest large-cap performers this year, and the charts do not offer much comfort right now.
Price Sits Near $1.12
The last hopeful move for XRP was a rebound toward $1.30 to $1.34. It did not hold. Price slipped back to the $1.24 area, and that failure opened the door to more selling. Since Nov. 5, XRP has lost about 14% and given back most of what it gained earlier in the week. For now, buyers have not shown they can step in with size.
Failed Rally Leaves Sellers in Control
The broader market is not helping. After the Binance hack, sentiment remains fearful. Bitcoin is at risk of falling below $70,000, while Ethereum is struggling near $2,200. The industry has also seen a string of security incidents, which tends to keep risk appetite low. In that setup, altcoins like XRP often feel the pressure first.
$1 Becomes the Main Line
The closest fair support is $1. It is both a psychological and technical level, so it matters. Still, a round number does not guarantee a floor. Bulls may stay sidelined even if price touches $1, especially with few clear fundamental drivers on the near horizon. A prolonged correction is possible, perhaps more likely than a sharp reversal.
If buyers do return, $1.20 is the first priority. That area is where many investors bought XRP in the past, so it can act as support and resistance. People often sell near breakeven to avoid taking a loss. That makes any recovery toward $1.20 a key test.
What Bulls Need Next
The main question is simple: can buyers defend $1? Selling is picking up, volume is rising, and a short-lived bounce may not change the bigger picture. Higher lows would be a start. Clearer fundamental improvement would help too. Until then, XRP remains under pressure, and the $1 threshold is the line to watch.