XRP Price Outlook for November: One Level Remains Critical After Schwartz's Reply

Three Things to Know

• David Schwartz told angry XRP holders that Ripple has no secret plan to lift the token's price.
• XRP's daily momentum gauge sits deep in oversold territory, yet sellers still control the trend.
• The August low near 99 cents is the floor that could decide where XRP heads in November.

Ripple CTO Emeritus David Schwartz has told frustrated XRP holders there is no hidden strategy behind the token. He said the price mostly follows the wider crypto market.

That message lands as XRP sits close to a key floor after a heavy selloff. Ripple's banking and stablecoin deals keep growing, but the token has not benefited. Traders now watch whether buyers can defend the August low.

Schwartz Tells Frustrated Holders There Is No Secret Plan

Users on X had urged CEO Brad Garlinghouse or Schwartz to explain "the real plan." Schwartz replied that "there's no secret plan we aren't telling you about."

In a November 9 post, he said XRP's price is "largely dragged around by the market." He called developments on the XRP Ledger secondary. He did agree that a higher price makes liquidity on the ledger cheaper and cuts slippage. "The higher the price, the better," Schwartz said.

He rejected the idea that XRP's use as gas would drive its price. He pointed instead to XRP being the only asset on the ledger held without a counterparty. Schwartz has also said he sold nearly all his digital assets.

Ripple's business keeps expanding. BBVA and DZ BANK use Ripple Custody. The company holds a national trust bank charter, and its RLUSD stablecoin carries an investment-grade rating. Ripple says euro stablecoins grew from about €50 million to €450 million since early 2024. Qivalis, a group of 37 European banks, plans its own euro stablecoin. Garlinghouse has denied rumors that Ripple is ditching XRP for RLUSD.

None of that has helped the token, which has lost more than half its value in a year.

XRP Trades Far Below Both Long Averages After a Brutal Week

XRP traded near $1.06 on Tuesday, unchanged over the past 24 hours. The calm day followed a week in which the token dropped about 17%, the worst showing among major coins. XRP has shed roughly a quarter of its value in a month.

The price now sits well below its 50-day moving average, near $1.28. A moving average smooths daily swings to show the underlying trend, and the 50-day tracks the past couple of months. Trading this far under it means recent buyers are mostly holding losses.

XRP also trades below its 200-day average, around $1.35, which tracks the trend over most of a year. Both lines sit above the price and now act as ceilings. That setup marks a clear downtrend.

This fits what Schwartz described. XRP has moved with the broader crypto selloff, and Ripple's banking deals have done little to slow it.

The flat session suggests sellers paused for breath. A single quiet day does not change the direction, though. Buyers would need several strong sessions before the downtrend looks broken.

Sellers Are Exhausted Yet Still in Charge

The Relative Strength Index, or RSI, tells a more nuanced story. RSI is a 0 to 100 gauge of momentum, and readings below 30 signal oversold conditions. XRP's daily RSI sits near 24. That means selling has run hard and fast, and the token looks stretched to the downside.

Oversold readings often come before a relief bounce. Traders who sold late tend to cover, and bargain hunters step in. A deep reading alone does not mark a bottom, though.

Other gauges still favor the bears. Momentum keeps pointing down, and trend strength shows a selloff gaining shape under seller control. Any bounce from here would lack confirmation until those signals turn.

Why 99 Cents Is the Floor That Matters Most

The nearest floor sits at 99 cents, the low XRP set in August. Buyers defended that level once already, so traders watch it closely. The price trades only a few cents above it now.

Below that mark, the chart offers no clear support. A daily close under 99 cents would leave the token with little to stop a faster slide.

Overhead, the first barrier stands near $1.20. Reclaiming it would ease the pressure and show that buyers have real interest. The next ceiling waits around $1.31, just under the 50-day line.

Two Paths Out of the Oversold Zone

The oversold reading leaves XRP at a fork, and each path has a clear trigger.

• Bullish: A daily close above the first ceiling would open a run toward the second barrier just under the 50-day line. That would show buyers turning the relief bounce into a real recovery. The case fails if the token slips back below Tuesday's trading level.
• Bearish: A close below the August low would extend the decline, with no nearby support to catch it. A recovery above the first ceiling would cancel this outlook.

The Wider Market Decides What Comes Next

XRP looks oversold, yet its trend remains broken. Any rebound depends on buyers holding the 99-cent floor through November.

The bigger risk sits outside Ripple's control. Schwartz tied the token's price to the wider market, so a broad crypto sell-off could crack that support. Fresh bank deals or stablecoin news would likely do little to stop it.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.