Will XRP Price Crash to $0 in November?

XRP price has dropped into the danger zone as global markets are rocked by the ongoing U.S. government shutdown, which marks the longest full closure in history. The critical question traders are grappling with now is whether XRP's slide could accelerate into a total collapse this November.

The short answer is no, but the next few weeks will test the coin’s resilience, perhaps more than at any time this year. To better understand, let’s analyze the driving factors, technical charts, and potential future scenarios.

At 34 days and counting, the government shutdown has caused a data blackout by halting key economic reports such as jobs, inflation, and retail sales. These reports are crucial for both the Federal Reserve and Wall Street to gauge economic health. Without new data, uncertainty reigns supreme, causing widespread panic.

U.S. stock indices have taken a hit: the Nasdaq has dropped 2%, and the S&P 500 has declined 1.2%. Tech giants including Palantir, Nvidia, and Tesla have led this sell-off, dragging sentiment across all risk assets, including crypto.

Bitcoin slipped below $100,000 for the first time in months, while XRP broke below the critical $2.20 level. This isn’t about Ripple’s fundamentals; it’s about macroeconomic uncertainty. When investors retreat to safety, speculative assets like XRP face the hardest blows.

The XRP/USD daily chart shows a concerning short-term trend. After failing to hold the $2.30-$2.40 range, XRP price currently hovers around $2.19. The Bollinger Bands (BB 20, 2) reveal a bearish breakout below the mid-band at $2.45, and the lower band around $2.20 is acting as weak support.

Heikin Ashi candles demonstrate sustained selling pressure, as multiple red candles with long lower shadows indicate bear dominance, although buyers are attempting to defend the current levels. The broader structure reveals a series of lower highs and lower lows since August, pointing toward exhaustion in bullish momentum.

If the price drops below $2.00, the next potential support levels are $1.80 and $1.50, historical consolidation zones from late 2024. While the psychological level of $1.00 is still distant, it’s not impossible if market conditions worsen further.

The impact of the shutdown extends beyond government payrolls. By halting critical data needed to price interest rate expectations, markets are left in a state of uncertainty. Without clarity about whether inflation is slowing or rising, speculative assets are vulnerable to sharp declines.

The Dollar Index (DXY) has climbed to 100.23, reflecting global demand for safer assets. Correspondingly, risk assets like crypto have weakened, and even traditional safe havens like gold and oil have seen declines. As long as the shutdown persists, XRP and similar assets will remain exposed to volatility and potential sell-offs.

The short answer to whether XRP price could crash to zero is no. XRP’s network, liquidity, and growing institutional use cases provide it with intrinsic value absent in many speculative coins. Ripple’s partnerships in cross-border payments and remittance corridors contribute to its utility and long-term viability.

That said, XRP could still lose another 30-50% this month if macroeconomic conditions deteriorate further. If the shutdown stretches beyond mid-November and delayed inflation data sparks panic over Federal Reserve policy, the coin might test $1.50 or even briefly fall below it before rebounding. Key support levels to monitor include $2.00 and $1.50, while a bounce above $2.35 could invalidate bearish bias, setting the stage for a recovery toward $2.80.

Currently, XRP price is far from crashing to zero but remains trapped in a swirl of macroeconomic uncertainty. With traders operating blindfolded due to the shutdown’s impact on economic data, technical indicators reflect this underlying tension. Expect continued red candles, false breakouts, and volatility spikes as the resolution remains elusive.

Should Washington resolve its political standoff, markets may stabilize, enabling XRP to recover some of its losses. However, if the shutdown persists into mid-November or beyond, selling pressure could intensify further. Ultimately, XRP’s fate in the coming weeks hinges more on U.S. government politics than on its own fundamentals or price action.