XRP drops 4.5% as heavy selling breaks another support level
XRP fell more than 4% after losing $1.13 support on heavy volume, putting $1.10-$1.12 in focus.
Intelligence analysis by GPT-5.4 Mini
XRP's latest slide broke $1.13 support on unusually strong volume, reinforcing a bearish setup below key moving averages. Traders now watch whether $1.10-$1.12 holds or gives way to $1.00.
XRP is like a ball rolling downhill. It hit a floor around $1.13, but that floor cracked, and now people are watching the next floor near $1.10-$1.12 to see if it can stop the fall.
Analysis
Price action
XRP dropped from $1.1505 to $1.1248 over the 24-hour session, losing more than 4% after the $1.13 area gave way. The selloff accelerated once that level broke, with volume jumping to 109.9 million XRP, more than twice the daily average. Price later probed support near $1.1240 before stabilizing as selling pressure eased.
What the chart says
The article says XRP remains trapped in a broader bearish structure, trading inside a descending channel and below both its 100-day and 200-day moving averages. That matters because it means the recent bounce attempts have not changed the larger trend. The lost $1.13 level is now the first resistance area on any recovery attempt.
What traders are watching
The immediate line in the sand is the $1.10-$1.12 zone. Several analysts had already been watching the nearby $1.09 area as a major Fibonacci support level, and the article frames a break below the current band as a move that could open $1.00 and, if weakness deepens, the $0.80-$0.90 range.
Momentum is not one-sided, though. Daily RSI readings are approaching oversold territory, and the article notes that such levels have sometimes preceded short-term relief rallies. The setup is therefore compressed: either buyers defend this support pocket and reclaim $1.13, or the market risks turning a difficult correction into a deeper breakdown.
Key points
- XRP fell more than 4% after losing $1.13 support on elevated volume.
- The token remains below its 100-day and 200-day moving averages inside a descending channel.
- Traders are focused on whether $1.10-$1.12 can hold as support.
- A break lower could expose $1.00 and potentially the $0.80-$0.90 area.
- Momentum is nearing oversold levels, which could allow a short-term relief bounce.
If buyers defend $1.10-$1.12 and push XRP back above $1.13, the article suggests immediate downside pressure could ease. The oversold momentum readings could also help fuel a short-term relief rally.
If XRP loses $1.10-$1.12 decisively, the next stop could be $1.00, with the article also flagging a deeper risk toward $0.80-$0.90. Staying below the 100-day and 200-day averages would keep the broader trend tilted lower.
