XRP dropped 4.5% in the past 24 hours, sliding from $1.1505 to $1.1248 and decisively breaking below the $1.13 support that several analysts had flagged as a key level. Selling accelerated after the breakout, with volume surging to 109.9 million XRP — more than double the daily average — indicating a major repositioning event rather than gradual passive selling.
$1.13 Breached: Volume Spikes as Stops Get Triggered
The breakdown gained momentum once $1.13 gave way, flushing out stop-loss orders and triggering a burst of activity. After hitting a low near $1.1240, XRP stabilized as selling pressure faded. But the rebound was weak, and the token failed to reclaim $1.13, which now flips from support to the first resistance level.
RSI Approaches Oversold, But Broader Picture Stays Bearish
The daily RSI has fallen close to oversold territory, a zone that historically preceded at least short-term relief rallies. However, the larger structure remains bearish. XRP continues to trade below its 100-day and 200-day moving averages, trapped inside a descending channel. Even if a bounce materializes, resistance at $1.20 and the $1.35-$1.40 zone — where previous recovery attempts failed — will cap upside.
Critical Zone: $1.10-$1.12 Now the Last Line of Defense
Attention now shifts to the $1.10-$1.12 range, a major Fibonacci support area that bulls must defend. A decisive break below $1.10 would open the door to $1.00 and potentially the $0.80-$0.90 region. On the flip side, if buyers manage to hold and reclaim $1.13, immediate downside pressure would ease, with a recovery target of $1.20. The setup is increasingly compressed — either buyers step up with conviction, or XRP risks turning a difficult correction into a full-blown breakdown.