XRP reversed sharply after failing to sustain its rebound, with a high-volume breakdown through $1.36 accelerating downside momentum.
News Background
- XRP fell alongside renewed weakness across the broader crypto market, but the decisive move was technical rather than headline-driven.
- The token had staged a brief relief rally earlier in the week, only to stall below key resistance and roll over as sellers defended higher levels.
- The breakdown extends XRP’s corrective pattern since its July 2025 peak, reinforcing a sequence of lower highs and failed recovery attempts.
Price Action Summary
- XRP dropped 9.1% from $1.42 to $1.30
- Selling intensified once $1.36 support failed
- Volume surged more than 170% above average during the main capitulation phase
- A brief rebound toward $1.33 was quickly rejected
Technical Analysis
- The critical event was the clean break below $1.36, which had served as near-term structural support.
- Once lost, downside momentum accelerated, driving price toward $1.30 on outsized volume — a sign of forced selling rather than gradual distribution.
- A short-covering bounce pushed XRP to $1.325, but the rally stalled immediately, forming a clear lower high and confirming the broader downtrend remains intact. Former support at $1.36–$1.37 now acts as resistance, while $1.32–$1.33 caps near-term recovery attempts.
- On higher timeframes, XRP remains below key retracement levels, with $1.47 representing the next meaningful structural hurdle should buyers regain control.
What traders say is next?
- Traders are focused on whether $1.30 can hold as a near-term floor.
- If $1.30 stabilizes, XRP may consolidate before attempting another push toward $1.32–$1.36. A reclaim of $1.36 would be the first sign that the breakdown was overextended.
- If $1.30 fails decisively, downside risk shifts toward the $1.20–$1.22 region, where longer-term demand is expected to emerge.
- For now, momentum favors sellers, and any bounce is viewed as corrective until resistance levels are reclaimed.