XRP Falls 5% After Breaking Key Support as Traders Watch Critical Price Levels

XRP came under renewed selling pressure, dropping more than 4% during the latest trading session and falling from $1.1505 to $1.1248. The decline accelerated after the crypto lost the important $1.13 support level, triggering heavy trading activity and increasing concerns about further downside risk.

Trading volume surged to approximately 109.9 million XRP, more than double the daily average, indicating significant liquidation and repositioning by market participants. The token later found temporary support near $1.1240 as selling momentum began to ease.

Technical Indicators Point to a Bearish Trend

XRP continues to trade within a descending channel and remains below both its 100-day and 200-day moving averages, reinforcing the broader bearish market structure. Analysts have also highlighted the $1.09 area as a major Fibonacci support level that traders have been monitoring for months.

Despite the weakness, momentum indicators are approaching oversold conditions. Daily Relative Strength Index (RSI) readings have reached levels that historically preceded short-term recovery rallies, offering some hope for buyers.

Key XRP Price Levels to Watch

The $1.10-$1.12 range has now become the most important support zone for XRP. If buyers fail to defend this area, the risk of a decline toward $1.00 increases significantly, with some analysts identifying the $0.80-$0.90 region as a possible longer-term target.

On the upside, XRP must first reclaim the $1.13 level to reduce immediate selling pressure. A stronger recovery would then target resistance around $1.20, followed by the major $1.35-$1.40 zone where previous rallies lost momentum.

Market Awaits Next Move

With price action tightening around a crucial support area, traders are closely watching whether buyers can stabilize the market or if the latest breakdown signals a deeper correction ahead.