In the recent price movements of XRP, the attempt to reach $1.35 failed. XRP, which approached this level in the morning, declined rapidly due to strong selling pressure. It stabilized at around $1.31, losing 1.9 percent in recent trading.
Liquidity is weakening, sales are accelerating
The significant decrease in liquidity in order books on the Binance exchange increases the risk of sharper price fluctuations. Trading volume increased as the price faced an upward attempt near $1.35. But despite this increased volume, buyers were unable to sustain the momentum and selling gained traction.
In trading later in the day, XRP quickly fell below the $1,318 level and later recovered to around $1.31. The increased transaction volume in the region where the rise attempt was rejected revealed that sellers did not give up control at high prices.
Technical structure and investor trends
In the latest pricing, downward peaks are noticeable on the XRP chart. Support levels are gradually weakening. While there is an increase in open positions, the continuation of the simultaneous downward trend in the price indicates that the majority have started to open short positions.
On the chart, the $1.35 level stood out as a clear resistance line. This level must be exceeded in order for the upward momentum to gain strength again. Below, the $1.31–$1.30 band continues to remain an important support zone in the short term.
If these supports are broken downwards, $1.28 may emerge as the next price target. However, as market liquidity narrows, breaking these levels in future transactions may lead to sharp movements.
Current data for XRP investors stands out that the price is under downward pressure and volatility is likely to increase in the short term. Changes in trading volume, especially at moments when resistance and support are tested, continue investors’ search for direction.
