XRP Drops Below $1.23 as Broader Crypto Weakness Triggers Fresh 15-Week Low

XRP slide more than 6% and broke below the closely watched $1.23 level, hitting its lowest point in 15 weeks as broader cryptocurrency market weakness continues to pressure major digital assets.

XRP Breaks Key Support on Heavy Selling Volume

The token fell from around $1.2909 to $1.2238 during the latest trading session, marking a 5.5% daily decline.

Attempts to recover toward the $1.2790 area were quickly rejected, with sellers regaining control and pushing prices back toward session lows.

Exchange Outflows Show Accumulation but Price Weakness Persists

More than 25 million XRP have recently moved off exchanges, often interpreted as a sign of long term accumulation. However, this has not translated into sustained upward momentum, as rallies continue to face strong selling pressure.

Market behavior suggests XRP remains closely tied to broader crypto sentiment rather than independent demand, with Bitcoin-led weakness influencing direction across major tokens.

Traders Watch $1.26 Support as Next Key Level

The immediate support zone now sits between $1.2250 and $1.2570, while resistance is forming around $1.2730 to $1.2750.

Overall, the price structure continues to show lower highs and lower lows, keeping the short term trend tilted to the downside despite signs of underlying accumulation.