XRP continues to find buyers near major support, but it still continues to lose support. The latest drop pushed the token back towards the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.
News context
• Several analysts have highlighted the $1.09 area as a major Fibonacci support level that XRP has been approaching for months.
• XRP remains stuck below its 100- and 200-day moving averages, highlighting the broader downtrend despite periodic rebounds.
• Trading activity surged during the selloff before quickly normalizing, suggesting significant repositioning rather than a steady increase in bearish convictions.
Price Action Summary
• XRP fell from $1.1505 to $1.1248 during the 24-hour session, losing more than 4%.
• The breakdown accelerated after the price lost support near $1.13, with volume reaching 109.9 million XRP, more than double the daily average.
• XRP then tested support near $1.1240 before stabilizing to the close as the selling momentum began to fade.
Technical analysis
• The most significant development was the loss of support at $1.13, which now becomes the first resistance level during a recovery attempt.
• Volume confirmed the move. The selloff occurred amid some of the strongest activity seen in months, suggesting active liquidation and repositioning rather than passive weakness.
• At the same time, momentum indicators are approaching oversold territory. Daily RSI readings have fallen near levels that have historically preceded at least short-term relief rallies.
• The overall structure remains bearish. XRP continues to trade within a descending channel and below all major trend indicators monitored by long-term traders.
What traders should watch out for
• $1.10-$1.12 is now the key support zone. A decisive break to the downside would increase the risk of a move towards $1.00 and potentially into the $0.80 to $0.90 region.
• $1.13 is the first level the bulls need to reclaim to ease immediate downside pressure.
• Beyond that, attention shifts to $1.20 and then the broader resistance zone of $1.35 to $1.40, where previous recovery attempts failed.
• The configuration is increasingly compressed. Either buyers finally defend the current support zone with conviction, or XRP risks turning a tough correction into a much bigger breakdown.
