XRP price outlook for November: Can $1.20 hold as bears return?

XRP has slipped below $1.20 on Nov. 6, leaving its daily and weekly charts under pressure even as analysts point to whale accumulation and a possible bottoming pattern. Summary XRP traded below four daily moving averages, with resistance concentrated around $1.27–$1.29. Weekly RSI stood at 42.84, below its average and the neutral 50 level. Alex Marzell identified $1.20 as the pivot separating a rebound from further losses. Ali Charts described negative sentiment alongside a potential inverse head-and-shoulders bottom. The daily chart showed the token at $1.1936 at press time, with the session’s low at $1.1740. The daily candle was down 1.13%, while the weekly chart showed a 4.73% decline for the unfinished week. XRP price loses ground after its recovery toward $1.30 The latest decline follows a rebound that briefly returned XRP above $1.30. As crypto.news previously reported, the token traded near $1.31 on Nov. 5 while analysts reported growing holdings among whales. During that recovery, Ali Martinez estimated that whales had accumulated approximately 60 million XRP over the preceding week. Santiment separately reported that 2,147 wallets held at least 1 million XRP, its highest r...