XRP experienced a significant decline of 9.1%, falling from $1.42 to $1.30, following a breakdown below the critical support level of $1.36. This movement indicates a shift in market sentiment, as heavy selling pressure emerged.
The recent trading session saw XRP unable to maintain its earlier recovery, with a swift rejection near the $1.32 to $1.33 range confirming a pattern of lower highs. The previous support level of $1.36 to $1.37 has now turned into resistance, complicating the outlook for the digital asset.
Traders are closely monitoring the $1.30 mark, which is seen as a potential floor. Should this level fail to hold, XRP could face further declines toward the $1.20 to $1.22 range, while any short-term recoveries are likely to be viewed as corrective in nature.
The downturn in XRP’s price coincided with a broader weakness in the cryptocurrency market. However, the driving force behind this particular movement appears to be technical rather than influenced by external news. Earlier in the week, XRP had managed a brief rally but struggled to break through key resistance levels, leading to renewed selling pressure.
This latest price action extends XRP’s corrective trend that has been ongoing since its peak in July 2025, reinforcing a series of lower highs and unsuccessful recovery attempts. The breakdown below $1.36, which had previously acted as structural support, has intensified selling momentum and pushed the price down to $1.30.
During this capitulation phase, trading volume surged by over 170% compared to the average, indicating a significant level of forced selling. Although there was a brief bounce back to $1.325, it was quickly rejected, solidifying the prevailing downtrend.
Looking ahead, traders are assessing whether $1.30 can serve as a stabilizing point. If it holds, there may be an opportunity for consolidation before another attempt to push back toward the $1.32 to $1.36 range. A reclaim of the $1.36 level would suggest that the recent breakdown was overdone.
Conversely, if $1.30 fails, the focus will shift to the $1.20 to $1.22 area, where there is expected to be longer-term buying interest. Currently, momentum is favoring sellers, and any upward movement is likely to be seen as temporary until resistance levels are reclaimed.
XRP has fallen sharply after breaking below a key support level, raising concerns among traders about further declines. The market's focus is now on whether the $1.30 level can hold as a potential floor amid ongoing selling pressure.