XRP retreated to the critical support zone again in the last bearish wave. As the price fell below the $1.13 level, the selling pressure accelerated and the token approached the $1.10 band, which analysts have long viewed as an important threshold. XRP, which fell from $1.1505 to $1.1248 in the last 24 hours, lost more than 4% in value.
Loss of support accelerated sales
According to prominent technical evaluations in the market, the $1.09 level stood out as an important Fibonacci support point that has been followed for months. With the recent sales, XRP has moved closer to this area. The price’s loss of $1.13 support was the most notable development in the short term. This level is now expected to be watched as the first resistance point in a possible recovery.
The most important development for XRP was the loss of $1.13 support. This level has become the first resistance point in possible subsequent upward attempts.
The sharp increase in transaction volume during the sale also supported the movement. Volume increased to 109.9 million XRP, more than double the daily average. The data showed that this indicated a strong process of closing and repositioning rather than gradual weakness. Trading activity then quickly returned to more usual levels.
The technical outlook remains weak
XRP continues to trade below the 100-day and 200-day moving averages. This outlook reveals that the downward trend continues in a broader context, despite the reactions seen from time to time. In addition, the price has remained below all of the main trend indicators that long-term investors follow closely.
Mini dictionary: Fibonacci support level is based on ratios used in technical analysis to show possible areas where the price can hold on pullbacks. RSI, on the other hand, is a momentum indicator that measures the speed and strength of price movement; lower levels may indicate that selling may be approaching extreme.
Momentum indicators approached the oversold zone. It was reported that daily RSI data decreased to levels where at least short-term reaction increases were seen in the past. However, the general structure does not show any signs of recovery yet; XRP continues to move within the falling channel.
Trading volume confirmed this decline. The sell-off, which occurred during one of the strongest activity in recent months, pointed to a trend of active liquidation and repositioning rather than passive weakness.
Monitored levels became clear
In the short term, the $1.10 to $1.12 range stands out as the main support zone. If the price declines decisively below this area, the risk of a new pullback towards $1.00 may increase. Below, the $0.80 to $0.90 band is considered the next potential support zone.
| Level | Role |
|---|---|
| $1.13 | initial resistance |
| $1.10 to $1.12 | Main support zone |
| $1.00 | Level monitored in downside risk |
| $0.80 to $0.90 | Lower support zone |
| $1.20 | second resistor |
| $1.35 to $1.40 | Strong resistance zone |
In the upside scenario, buyers must first regain the $1.13 level. If this threshold is exceeded, attention can be turned to the $1.20 level. In the broader resistance zone, the $1.35 to $1.40 range stands out; Previous recovery attempts had failed in this region.
In the current outlook, price action is becoming increasingly compressed. If buyers cannot defend the current support area strongly, the possibility of the already difficult correction turning into a deeper break may increase.
