Heavy selling dragged XRP back below a key support zone, strengthening the broader downtrend that has repeatedly stalled recovery attempts near $1.25.
On Wednesday, XRP surrendered more of its recent gains after sellers pushed the token through the $1.15 level, a threshold closely watched following its earlier move above $1.20.
The breakdown occurred on elevated volume and came after another rejection beneath a long-running descending trendline that has consistently limited upside moves in recent months.
Market backdrop
- XRP continues to trade between improving US regulatory expectations and a market that remains more responsive to technical resistance than narrative drivers.
- Traders are also focused on a long-term symmetrical triangle, with price compressing between support near $1.10 and resistance around $1.25.
Price action
- XRP declined from $1.1873 to $1.1465 over the session, falling about 3.4%.
- The sharpest selling pressure hit around 15:00 UTC, when volume spiked to 134.2 million XRP—around 170% above average—driving a break below $1.1550.
- Buyers later stepped in near $1.13 and briefly lifted the price back toward $1.15, but the recovery failed to reclaim lost support.
Technical outlook
- The loss of $1.15 is the key development, as it previously acted as support and now risks flipping into resistance.
- Repeated failures below the descending trendline near $1.25 continue to confirm it as a major overhead barrier.
- Higher volume on the selloff compared to the rebound suggests sellers maintained control through the session.
- Overall structure still reflects a tightening range between roughly $1.10 and $1.25 as the triangle pattern nears its apex.
Key levels to watch
- Immediate resistance at $1.15, which bulls need to reclaim
- Support at $1.13–$1.14, followed by stronger support near $1.10
- Resistance between $1.17 and $1.25, where rallies have repeatedly stalled
- A clean break above $1.25 would shift the broader trend, while failure keeps price action range-bound with rallies likely to be sold into
