XRP continues its steep decline after a failed breakout in early November, trading around $1.06 after falling below $1.10. It is approaching the $1.00 demand zone that formed the base of the August rally, and a decisive daily close below that level could trigger widespread capitulation. On the four-hour chart, XRP has been moving within a descending channel since late September, with bearish momentum accelerating after it broke below $1.11. A relief bounce could target $1.10, now likely to act as resistance, while a drop below $1.03 could expose the $0.98 to $1.00 demand zone. Conversely, XRP would need to reclaim $1.10 and then overcome resistance at $1.25 and $1.30 to begin a meaningful recovery.
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