The crypto market is still struggling to find a floor after another wave of selling pushed Bitcoin toward $74,000 and XRP close to $1.09.
More than $1 billion in leveraged positions were wiped out during the latest crash, but leverage is only part of the problem. U.S. spot Bitcoin ETFs lost $1.28 billion last week, their worst weekly result since late June, while BlackRock’s IBIT alone saw roughly $1.21 billion leave the fund.
That leaves both BTC and XRP sitting close to important technical levels.
The question now is how much lower they could realistically fall if buyers fail to step in.
What you'll learn 👉
Bitcoin Price Could Test $70,000 Next
Bitcoin fell toward $74,000 after briefly dipping below that level during the latest liquidation wave.
The $73,000-$74,000 area is therefore the first battleground.
A sustained break below it would put $70,000 firmly in focus. Aside from being a psychological level, it is close enough to current price to become a realistic target during another broad risk-off move.
From $74,000, a drop to $70,000 would represent another decline of roughly 5.4%.
The more bearish scenario sits around $67,000-$68,000.
#BTC Bitcoin has reached above-average Seller volume levels for the first time on this pullback And in doing so, Bitcoin has experienced a breakout on Seller Volume (orange circle) Bitcoin is certainly getting closer to Seller Exhaustion: – Above average Seller volume – Breakout on Seller volume But sell-side volume has not yet reached capitulation levels just yet What’s missing is an extreme sell-side volume bar And perhaps the right environment for that capitulation could take place after a brief bout of relief Especially given the recently lost Weekly supports that price may first need short-term relief volume to flip into new resistances $BTC #Bitcoin
— Rekt Capital (@rektcapital) November 9, 2026
That would require Bitcoin to lose $70,000 and continue attracting sellers, but it is not an extreme move in the context of the current volatility. A fall from $74,000 to $67,500 would amount to another decline of about 8.8%.
The problem for Bitcoin bulls is that ETF demand is no longer providing the same cushion.
Spot Bitcoin ETFs have now moved to approximately $914 million in net outflows for 2026 after last week’s withdrawals erased their year-to-date gains.
That does not guarantee lower prices, but it removes one of the strongest sources of structural demand Bitcoin has had in recent years.
XRP Is Getting Dangerously Close to $1
XRP’s price setup is even more straightforward.
The token is trading around $1.09-$1.10 after falling to roughly $1.07 earlier today, its lowest level since August.
Technical indicators remain weak.
XRP’s daily RSI is around 26, putting it in oversold territory, while its four-hour outlook remains strongly bearish. Immediate support sits near $1.09, followed by approximately $1.05 and then $0.99-$1.00.
That makes $1 the obvious next downside target.
From $1.10, reaching $1 would require another decline of about 9%.
If that level fails, things become more uncomfortable.
The deeper support region sits around $0.87-$0.90, an area that also lines up with longer-term Fibonacci levels tracked by analysts such as CasiTrades.
A fall from $1.10 to $0.90 would equal roughly 18%, while $0.87 would mean a decline of about 21%.
Independent analysis is pointing in the same general direction. Bitrue’s AI model currently identifies $1.0365-$1.1803 as XRP’s immediate range and warns that a confirmed break below $1.0365 could expose $1, with the 2026 low around $0.93 becoming relevant after that.
Oversold Does Not Mean Bitcoin and XRP Have Bottomed
This is where the market becomes tricky.
XRP is already heavily oversold, and Bitcoin has also suffered a rapid decline. That makes a relief rally increasingly possible.
In fact, historical XRP data cited by Bitrue shows that the token recovered within 90 days after 12 of 17 previous oversold readings since 2023. But almost half of comparable cases still produced additional downside before the recovery began.
That distinction matters.
An oversold market can bounce hard without actually ending its downtrend.
For Bitcoin, reclaiming the upper-$70,000 area would begin reducing immediate downside risk.
For XRP, the first useful recovery signal would be a move back above roughly $1.14-$1.18. Until then, the token remains below all of its major daily moving averages.
Read also: Benjamin Cowen Explains the Real Reason Bitcoin Price Is Crashing
How Low Could BTC and XRP Go?
The most realistic bearish targets are not dramatically lower from current prices.
For Bitcoin, $70,000 is the next level to watch. A failure there could expose roughly $67,000-$68,000.
For XRP, $1 is now dangerously close. If that psychological floor breaks decisively, $0.90 becomes increasingly plausible, with approximately $0.87 representing a deeper capitulation scenario.
Neither outcome is guaranteed.
Both assets are stretched enough for a relief bounce, potentially a strong one.
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