Ripple-linked token drops 4.5% to break another support level

XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.

News Background

• Several analysts pointed to the $1.09 area as a major Fibonacci support level that XRP had been approaching for months.

• XRP remains trapped below its 100-day and 200-day moving averages, underscoring the broader bearish trend despite periodic relief rallies.

• Trading activity surged during the selloff before quickly normalizing, suggesting a large repositioning event rather than a steady increase in bearish conviction.

Price Action Summary

• XRP fell from $1.1505 to $1.1248 during the 24-hour session, losing more than 4%.

• The breakdown accelerated after price lost support near $1.13, with volume surging to 109.9 million XRP, more than double the daily average.

• XRP later tested support near $1.1240 before stabilizing into the close as selling momentum began to fade.

Technical Analysis

• The most important development was the loss of $1.13 support, which now becomes the first resistance level on any recovery attempt.

• Volume confirmed the move. The selloff occurred on some of the strongest activity seen in months, suggesting active liquidation and repositioning rather than passive weakness.

• At the same time, momentum indicators are nearing oversold territory. Daily RSI readings have fallen close to levels that historically preceded at least short-term relief rallies.

• The broader structure remains bearish. XRP continues trading inside a descending channel and below every major trend indicator that longer-term traders monitor.

What traders should watch

• $1.10-$1.12 is now the key support zone. A decisive break lower would increase the risk of a move toward $1.00 and potentially the $0.80-$0.90 region.

• $1.13 is the first level bulls need to reclaim to ease immediate downside pressure.

• Beyond that, attention shifts to $1.20 and then the larger $1.35-$1.40 resistance zone where previous recovery attempts failed.

• The setup is becoming increasingly compressed. Either buyers finally defend the current support area with conviction, or XRP risks turning a difficult correction into a much larger breakdown.