XRP falls 3.4% after breaking below $1.15 support level
In brief
- XRP fell 3.4% in 24 hours, declining from $1.1873 to $1.1465 on heavy volume
- Heavy selling pressure broke $1.15 support around 15:00 UTC with volume 170% above average
- XRP remains trapped in a symmetrical triangle between $1.10 and $1.25 with sellers in control
Heavy volume drives breakdown
The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average. Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim the broken support. Volume expanded during the selloff rather than the recovery, suggesting sellers remained in control despite the late-session bounce.
Technical structure tightens
XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level for bulls to overcome. The key development was the loss of $1.15. That level had acted as support following last week's breakout and now risks turning into resistance.
Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25. Support sits near $1.13–$1.14, followed by the larger floor around $1.10. Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have repeatedly failed.
Narrative meets technicals
XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative. For now, the technicals are winning.
