XRP dropped sharply to $1.33 after a sudden wave of selling pushed the token below important support levels. The decline began with XRP trading near $1.36, before falling within minutes on unusually high trading volume, indicating aggressive selling rather than a temporary liquidity shortage.
Over the past 24 hours, XRP declined about 1.8%, but the most significant move occurred during the intraday breakdown. Once the $1.35 support level failed, selling accelerated rapidly, reflecting fragile market conditions and shallow order books that allow prices to move quickly during selloffs
Weak Bounce Reinforces Bearish Structure
Following the sharp drop, XRP attempted a recovery but failed to regain lost ground. The price formed a lower high, while trading volume weakened during the rebound, suggesting limited buying interest. The $1.35 level has now turned into immediate resistance, while the $1.40 to $1.41 zone continues to cap recovery attempts.
Market indicators remain mixed, with volatility compressing even as price momentum weakens. This combination often precedes a larger price move, though the direction remains uncertain.
If XRP fails to hold the $1.33 support level, analysts warn that the next downside targets could fall within the $1.32 to $1.31 demand zone, keeping the broader downtrend intact.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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