XRP Breaks Below $1.30 as Heavy Volume Selling Accelerates!

XRP slipped below the $1.30 support level that traders had defended for months, with the breakdown arriving on meaningful volume during the May 27 late session. Price fell from $1.3267 to a low of $1.2931 before dip buyers stepped in, with the sharpest selling — 64 million XRP traded in a single hour — occurring around 23:00 UTC as the $1.3150 floor gave way.

Derivatives markets are flashing caution: open interest is falling and futures positioning has cooled, signaling weaker trader conviction. The technical picture is equally uncomfortable — XRP has been compressing inside a symmetrical triangle since early 2025 and is now drifting toward the lower edge of that structure. Analysts warn that failure to reclaim $1.30 opens the door to the mid-$1.20s, with $1.10 cited as a deeper target if selling pressure resumes.