XRP Slides as Selling Pressure Breaks Key Support
XRP fell more than 4% after losing the $1.13 support level, with volume rising sharply during the move. Traders are now watching whether buyers can defend the $1.10-$1.12 area or whether the selloff extends toward lower support zones.
What happened?
XRP fell more than 4% after losing the $1.13 support level, with volume rising sharply during the move. Traders are now watching whether buyers can defend the $1.10-$1.12 area or whether the selloff extends toward lower support zones.
Why it matters
The decline matters because XRP remains under pressure within a broader bearish structure. CoinDesk reported that the token is still trading below its 100-day and 200-day moving averages and inside a descending channel, signals that many market participants use to judge longer-term trend strength.
XRP dropped more than 4% in a 24-hour session, falling from $1.1505 to $1.1248 as selling accelerated below the $1.13 level, according to CoinDesk. The token tested support near $1.1240 before stabilizing into the close, but the move left another key support area broken.
The decline matters because XRP remains under pressure within a broader bearish structure. CoinDesk reported that the token is still trading below its 100-day and 200-day moving averages and inside a descending channel, signals that many market participants use to judge longer-term trend strength.
Volume was a central feature of the selloff. Trading activity reportedly surged to 109.9 million XRP during the breakdown, more than double the daily average, suggesting a sharp repositioning event as the $1.13 level gave way.
For now, the $1.10-$1.12 range is the main area traders are watching. A decisive move below that zone could increase attention on the $1.00 level and, if weakness deepens, the $0.80-$0.90 region cited in the source.
On the upside, XRP would need to reclaim $1.13 to ease immediate downside pressure. Further resistance sits around $1.20, followed by the larger $1.35-$1.40 area where earlier recovery attempts failed.