XRP Breaks $1.30 as Bears Eye $1.10 — Fed QE the Wild Card

XRP has slipped to $1.29, cracking the $1.30 support zone that had held as the floor of this corrective cycle. The breakdown follows a 10% decline over the past two weeks and comes with trading volume surging past $2 billion — dominated by sellers. Technically, XRP has broken out of a triangle/pennant formation, lost the $1.35 pivot, and is printing lower lows in a classic bearish structure. The 50-day moving average is declining, and the $1.30 level now acts as the neckline of a head-and-shoulders pattern. A confirmed daily close below it points to a measured-move target in the $1.12–$1.20 range, with $1.10 in play if selling accelerates.

The Fear & Greed Index sits at an Extreme Fear reading of 25, with 89% bearish sentiment across XRP markets.