CoinDesk
XRP slid more than 4% during the 24-hour session, falling from $1.1505 to $1.1248 after losing the critical $1.13 support level on volume that surged to 109.9 million XRP — more than double the daily average. The breakdown points to active liquidation and repositioning rather than passive drift.
Why it matters
The $1.13 level now flips to resistance on any recovery attempt, and XRP remains structurally compromised: the token is trading inside a descending channel and below both its 100-day and 200-day moving averages. Several analysts had flagged the $1.09 area as a major Fibonacci support level that XRP had been approaching for months, making the current $1.10–$1.12 zone the last meaningful line before a test of $1.00 and potentially the $0.80–$0.90 region. The broader macro backdrop is not helping — Bitcoin is down nearly 7% on the week as expectations for sustained higher rates weigh on non-yielding assets.
Market impact
Momentum indicators are approaching oversold territory, with daily RSI readings near levels that have historically preceded short-term relief rallies. That creates a compressed setup: either buyers defend $1.10–$1.12 with conviction and reclaim $1.13, or XRP risks turning a difficult correction into a much larger breakdown. Beyond $1.13, recovery targets are $1.20 and then the $1.35–$1.40 resistance zone where previous rallies have stalled.
Frequently asked questions
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What happens to XRP if the $1.10–$1.12 support zone fails to hold?
A decisive break below $1.10–$1.12 would open the door to a move toward $1.00 and potentially the $0.80–$0.90 region, according to the technical levels traders are monitoring.
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Why did XRP's trading volume more than double during the selloff?
Volume surged to 109.9 million XRP — over twice the daily average — suggesting active liquidation and large-scale repositioning rather than a gradual increase in bearish conviction.
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Is there any technical signal that could support a short-term XRP recovery?
Daily RSI readings are approaching oversold territory at levels that have historically preceded short-term relief rallies, though the broader structure remains bearish with XRP below its 100-day and 200-day moving averages.
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