XRP Drops to $1.04 Before Weak Recovery — Key Support Zone at $1.05 Now Under Threat

XRP dropped 2.8% during wednesday’s session, falling from $1.1020 to an intraday low near $1.0446 before recovering slightly to around $1.07. The key breakdown happened at 13:00 UTC when volume spiked to 117 million XRP and pushed price straight through support at $1.0850.

The problem is what happened after. The bounce was weak. Volume faded quickly and XRP never came close to reclaiming the $1.0850 level it just lost. That level has now flipped from support into resistance giving bulls yet another ceiling to fight through before anything improves.

What the Chart Is Saying Right Now

The intraday structure is not encouraging. XRP keeps posting lower highs with rallies stalling out around $1.073 to $1.075 before sellers show up again. Every failed recovery makes the psychological $1.00 level look a little more likely.

Key Levels to Watch

The immediate support zone is $1.05 to $1.07. Losing that puts $1.00 squarely back in focus. On the upside, bulls need to reclaim $1.0850 before the chart starts to look any healthier. Above that, $1.10 is the next real resistance and if XRP keeps failing there, sellers will stay in control. A clean move back above $1.10 would be the first sign that the recent breakdown was just a shakeout rather than the start of something worse.