XRP Tests Key Support at $1.20 Amid Broader Market Downturn
XRP's price hovers around $1.25 after dipping to $1.20, with traders watching for a potential breakdown or recovery.
XRP's price hovers around $1.25 after dipping to $1.20, with traders watching for a potential breakdown or recovery. Bitcoin (BTC) is trading at $77,309.00. This is an original TLT brief based on reporting by CryptoPotato, with live market data added, as of Tue, 03 Nov 2026 14:45:02 UTC.
The $1.20 level is a critical support zone for XRP, as its breach could trigger further selling and extend the correction that began in late September. This price point is significant for determining investor sentiment and short-term market direction.
- XRP is testing the $1.20 support level after recent declines.
- The token has fallen 1.57% over the past week despite a 2.44% gain in the last 24 hours.
- Bitcoin's recent weakness and broader market uncertainty add pressure to XRP's recovery.
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- XRP Tests Key Support at $1.20 Amid Broader Market Downturn — this brief
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XRP is currently trading around $1.25 after briefly dipping to $1.20 last week, according to CryptoPotato and The Crypto Basic. This price point represents a key support zone that could determine whether the token's recent correction will pause or extend further.
The token has faced downward pressure since late September, with traders closely monitoring the $1.20 level for signs of a potential breakdown or recovery. The current price action suggests a battle between buyers and sellers at this critical juncture.
The broader market context adds complexity to XRP's situation. 
Bitcoin has declined 0.52% in the past 24 hours and 3.11% over the last week, while the overall crypto market cap remains flat at $2.66 trillion. The Fear & Greed Index stands at 26, indicating a 'Fear' sentiment among investors.
In addition to XRP, other cryptocurrencies like NEAR have also experienced significant declines. NEAR's Total Value Locked (TVL) has dropped 12.5% over the past week to $112.17 million, according to DeFiLlama. Meanwhile, 
Tether's circulating supply remains stable at $178.78 billion.
The outcome of XRP's test of the $1.20 support level could have implications for its short-term price trajectory. If the support holds, it could provide a base for a potential recovery. However, a breakdown could lead to further selling pressure and extend the correction.
Since this brief published about 22 hours ago, Bitcoin (BTC) has moved from $77,268.00 to $77,309.00 — +0.05%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦106.74M (about $77,309.00), down 0.6% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRP Tests Key Support at $1.20 Amid Broader Market Downturn — questions & answers
What is the significance of the $1.20 support level for XRP?
The $1.20 level is a critical support zone that could determine whether XRP's correction pauses or extends further.
How has XRP's price performed in the last week?
XRP has fallen 1.57% over the past week but gained 2.44% in the last 24 hours.
What is the current state of the broader crypto market?
The total crypto market cap is $2.66 trillion, with Bitcoin down 0.52% in the last 24 hours and the Fear & Greed Index at 26.
How much is 1 Bitcoin worth in naira today?
About ₦106.74M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77,309.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.05% since this brief first published — trading at $77,309.00 now versus $77,268.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoPotato. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.