Strong selling pressure pushed XRP back below a key support zone, reinforcing a broader downtrend that has repeatedly capped upside attempts near $1.25.
On Wednesday, XRP gave back more of its recent gains after sellers forced a break below the $1.15 level, which traders had been closely watching following the earlier move above $1.20.
The decline unfolded on elevated volume and followed another rejection beneath a long-standing descending trendline that has consistently blocked recovery rallies over recent months.
Market backdrop
- XRP remains caught between improving expectations around US crypto regulation and a market that continues to react more strongly to technical levels than narrative developments.
- Traders are also monitoring a long-form symmetrical triangle, with price compressing between support near $1.10 and resistance around $1.25.
Price action
- XRP fell from $1.1873 to $1.1465 over the session, a drop of roughly 3.4%.
- The most intense selling occurred around 15:00 UTC, when volume surged to 134.2 million XRP—around 170% above average—breaking the $1.1550 level.
- Buyers later stepped in near $1.13, briefly lifting price back toward $1.15, but the recovery failed to reclaim broken support.
Technical view
- Losing $1.15 is the key development, as it previously acted as support and now risks becoming resistance.
- Multiple rejections below the descending trendline near $1.25 continue to confirm it as a major ceiling.
- Volume expanded during the selloff more than during the rebound, indicating sellers remained dominant.
- The broader structure still reflects consolidation between roughly $1.10 and $1.25 as the symmetrical triangle tightens.
Key levels to watch
- $1.15 as immediate resistance that bulls need to reclaim
- Support at $1.13–$1.14, followed by stronger demand near $1.10
- Resistance zone between $1.17 and $1.25, where rallies have repeatedly failed
- A sustained break above $1.25 would shift the trend outlook, while failure keeps the market in a range-bound, sell-the-rally structure
