CoinDesk
XRP fell 4.5% to $1.1248 in the 24-hour session, sliding from $1.1505 after losing the key $1.13 support level. Selling pressure accelerated through that zone, pushing volume to 109.9 million XRP — more than double the daily average — and dragging the token to test support around $1.10–$1.12 before stabilising into the close.
The structure tells the real story. XRP remains inside a descending channel and is trading below its 100-day and 200-day moving averages, with several analysts flagging the $1.09 area as a major Fibonacci level XRP has been approaching for months. The loss of $1.13 now turns that level into the first resistance on any recovery attempt.
Why it matters
The breakdown wasn't a slow drift — it was a high-volume event. Volume more than doubling the daily average during the selloff suggests active liquidation and repositioning, not passive weakness, while the quick normalisation of activity afterwards points to a single large move rather than steadily building bearish conviction. That's the kind of signature that often marks a flush, though it doesn't guarantee one.
Momentum indicators are also approaching oversold territory. Daily RSI readings have fallen close to levels that historically preceded at least short-term relief rallies, even as the broader trend remains firmly bearish.
Market impact
The $1.10–$1.12 zone is now the line in the sand. A decisive break below it would open the door to $1.00 and potentially the $0.80–$0.90 region, where longer-term Fibonacci levels sit. On the upside, bulls need to reclaim $1.13 to ease immediate downside pressure; beyond that, $1.20 and the larger $1.35–$1.40 resistance zone are the next checkpoints, with previous recovery attempts having failed at the latter.
The macro backdrop is not helping. Bitcoin and gold are falling together as expectations for higher interest rates weigh on non-yielding assets, with BTC down nearly 7% on the week and gold slipping below $4,200/oz. Traders are bracing for a US inflation print and a Fed that may stay hawkish under Kevin Warsh — a setup that tends to amplify any technical breakdown in majors like XRP rather than cushion it.
Frequently asked questions
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What happened to XRP's price in the latest session?
XRP fell 4.5% to $1.1248 in the 24-hour session, sliding from $1.1505 after losing the $1.13 support level on volume of 109.9 million XRP — more than double the daily average.
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Why is the $1.13 level significant for XRP?
Several analysts flagged the area around $1.09 as a major Fibonacci support level. The loss of $1.13 turns it into the first resistance on any recovery attempt and signals continued bearish control.
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What is the key support zone XRP is testing now?
The $1.10–$1.12 zone is the current line in the sand. A decisive break below it would open the door to $1.00 and potentially the $0.80–$0.90 region, where longer-term Fibonacci levels sit.
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What would it take for XRP bulls to regain control?
Bulls need to reclaim $1.13 to ease immediate downside pressure, then push through $1.20. The larger $1.35–$1.40 resistance zone is where previous recovery attempts have failed.
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How does the current macro backdrop affect XRP's outlook?
Bitcoin and gold are falling together as rate expectations rise, with BTC down nearly 7% on the week. A hawkish Fed under Kevin Warsh tends to amplify technical breakdowns in majors like XRP rather than cushion them.
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