XRP $1 Mark at Risk as Bull Defenses Collapse After 25% Monthly Plunge

TradingKey - XRP has plunged 25% in a single month amid an unrelenting slide, sounding alarms in the battle to defend the $1 threshold.

On November 13, Ripple (XRP) extended its recent downward trend with a six-day losing streak, widening its drop over the past month to 25% as the price slid from near $1.40 in mid-October to the current $1.02. Following the successive breakdown of technical defense lines established by bulls at $1.25, market attention has fully centered on the round-number mark of $1.00, which carries major psychological and positioning significance. If this level fails to hold, XRP could face the risk of a new wave of trend-driven drops to fresh lows.

Following the U.S. midterm elections in November 2026, Democrats took control of Congress, creating headwinds for the advancement of market structure legislation favorable to crypto asset compliance—most notably the Clarity Act, which the market had eagerly anticipated. The ensuing congressional oversight and potential regulatory and corporate compliance scrutiny have made traditional institutional investors more cautious in allocating to crypto assets, directly dampening expectations for XRP's policy dividends.

The 10-year U.S. Treasury yield broke above 5.06%, while the U.S. Dollar Index touched a 19-month high. In an environment of surging capital costs, global funds accelerated their exit from high-risk, high-beta digital assets, with XRP bearing the brunt as a leading altcoin. U.S. October CPI data came in higher than expected across the board, pointing to strong inflation stickiness. Market expectations for a Federal Reserve rate cut in December cooled rapidly, with growing concerns over potential rate hikes or keeping interest rates higher for longer.

At 8:30 a.m. ET, the U.S. will release the October Producer Price Index (PPI). If the October PPI released later today heats up beyond expectations once again, it will directly substantiate pessimistic forecasts of unexpectedly sticky U.S. inflation, forcing the market to further price in an aggressive path where the Federal Reserve pauses rate cuts or even resumes rate hikes in December. This would directly propel the 10-year U.S. Treasury yield and the U.S. Dollar Index to surge further, driving capital to exit high-risk, high-beta crypto assets at the fastest pace and potentially pushing XRP down toward or even below the $1 mark.

XRP price chart, Source: TradingView

If the $1 level is decisively breached and the market fails to reclaim it quickly, the technical setup will swiftly open up downside room toward this range, with an extreme scenario seeing a further 50% drop to $0.50. For bulls to reverse the short-term slump, they must reclaim the pivotal inflection resistance zone at $1 on heavy volume.