XRP lost roughly 2.7% over the last 24 hours, sliding from above $1.40 at the start of the day to around $1.36 by the close. The most aggressive move came late in the session. Trading volume rose sharply as the sell-off accelerated.
Late-session selling breaks a watched support area
Market watchers linked much of the decline to liquidation activity, with leveraged positions being closed in large numbers. After XRP finished the day below the $1.36 support zone, near-term downside pressure became more visible. Heavy sell orders hitting the market at high volume also pointed to weakening demand around levels that had previously held up better.
Price action now shows XRP trading in a tight band between $1.35 and $1.37. The failure to hold higher floors has kept attention on whether sellers will stay active if support continues to erode during volatile trading.
$1.35 becomes the key short-term threshold
Even with the price moving lower, traders have continued adding positions, pushing leverage higher across the market. That matters. More leveraged exposure can amplify moves in either direction, especially when price is already testing support.
The level drawing the most attention is $1.35. As long as XRP remains above it, sideways trading is seen as the more likely short-term outcome. A clear break below $1.35, however, could open the way toward $1.30 and set off another downward leg.
For a stronger rebound to take shape, buyers would need to reclaim levels above $1.40. Until that happens, the short-term setup remains vulnerable to more selling. That psychological level is now central to any recovery attempt.
Volatility shifts as traders watch liquidation risk
Technical readings described in the report show volatility first compressing and then expanding, a pattern that often precedes a directional move. XRP is now at a stage where support is being tested while leverage-heavy positioning adds another layer of uncertainty.
Traders are watching whether XRP can stabilize above its current floor or whether fresh forced liquidations will push it lower again. The near-term focus stays fixed on price behavior around $1.35, where buyers and sellers are now competing for control.