XRP gave back most of last week's gains on Wednesday as sellers pushed the token below $1.15, a level traders had been watching since the recent move above $1.20.
Price Action Breakdown
Over the 24-hour session, XRP fell from $1.1873 to $1.1465, a decline of 3.4%. The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550. Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.
Volume and Bearish Signals
The decline came on some of the session's heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months. Volume expanded during the selloff rather than the recovery, suggesting sellers remained in control despite the late-session bounce. The broader setup continues to compress between support near $1.10 and resistance near $1.25, with the range narrowing as the symmetrical triangle approaches its apex.
Key Technical Levels
The key development was the loss of $1.15. That level had acted as support following last week's breakout and now risks turning into resistance. XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level on the chart. Support sits near $1.13-$1.14, followed by the larger floor around $1.10. Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have repeatedly failed.
What to Watch Next
For bulls, the first priority is to reclaim $1.15 as support to stabilize momentum. A break above $1.25 would change the conversation. Until then, traders are likely to view rallies as tests of resistance rather than the start of a new uptrend.