XRP reversed sharply after failing to sustain its rebound, with a high-volume split through $1.36 accelerating downward momentum.
News background
- XRP fell alongside renewed weakness across the broader crypto market, but the decisive move was technical rather than headline-driven.
- The token had staged a brief relief rally earlier in the week, only to stall below key resistance and tumble as sellers defended higher levels.
- The collapse extends XRP’s corrective pattern since its July 2025 peak, reinforcing a sequence of lower highs and failed recovery attempts.
Summary of price action
- XRP fell 9.1% from $1.42 to $1.30
- Selling intensified as support at $1.36 failed
- Volume increased more than 170% above average during the main capitulation phase
- A brief rally towards $1.33 was quickly rejected
Technical Analysis
- The critical event was the clean break below $1.36, which had acted as short-term structural support.
- Once lost, downward momentum accelerated, driving the price towards $1.30 on excessive volume – a sign of forced selling rather than gradual distribution.
- A short-covering bounce pushed XRP to $1,325, but the rally stalled immediately, forming a clear lower high and confirming that the broader downtrend remains intact. Previous support at $1.36-$1.37 now acts as resistance, while $1.32-$1.33 limits short-term recovery attempts.
- On higher timeframes, XRP remains below key retracement levels, with $1.47 representing the next meaningful structural hurdle if buyers regain control.
What do traders say is next?
- Traders are focused on whether $1.30 can hold as a short-term floor.
- If $1.30 stabilizes, XRP may consolidate before attempting another push towards $1.32-$1.36. A retracement of $1.36 would be the first sign that the collapse was overdone.
- If $1.30 fails decisively, downside risk shifts towards the $1.20-$1.22 region, where long-term demand is expected to emerge.
- For now, momentum favors sellers and any pullback is considered corrective until resistance levels are regained.
