CoinDesk
XRP slipped below the $1.35 level after a failed breakout attempt near $1.3620, where elevated volume quickly reversed into selling pressure. The token fell from $1.3457 to $1.3366 during the 24-hour session, consolidating near lows around $1.336 — a move that reinforced short-term bearish momentum after weeks of tightening price action.
Traders are now locked onto the $1.30–$1.31 support zone as the line between continued consolidation and a broader breakdown. Some analysts are calling the recent move a confirmed symmetrical triangle breakdown with downside risk toward $1.14, while others argue the structure still resembles late-stage compression rather than outright collapse. Whale activity has also cooled sharply, with large transaction counts dropping more than 57% over nine days.
CoinTelegraph