XRP Weakens After Losing $1.15 Floor, Erasing Recent Upside Move

Heavy selling pushed XRP back below a key support level, reinforcing a broader downtrend that has repeatedly capped upside attempts near $1.25.

On Wednesday, XRP gave up more of its recent gains after sellers drove the price below $1.15, a level closely watched after the earlier move above $1.20.

The breakdown came on elevated volume and followed yet another rejection beneath a long-term descending trendline that has consistently limited recovery rallies in recent months.

Market backdrop

• XRP remains positioned between improving US regulatory expectations and a market that continues to prioritize technical structure over news flow.
• Traders are also tracking a long-running symmetrical triangle, with price compressing between support near $1.10 and resistance around $1.25.

Price action

• XRP dropped from $1.1873 to $1.1465, a decline of about 3.4% over the session.
• The heaviest selling hit around 15:00 UTC, when volume surged to 134.2 million XRP—around 170% above average—breaking the $1.1550 level.
• Buyers stepped in near $1.13 and briefly pushed price back toward $1.15, but the rebound failed to reclaim lost support.

Technical outlook

• The loss of $1.15 is the key development, shifting a prior support zone into potential resistance.
• Repeated failures below the descending trendline near $1.25 continue to define it as a major overhead barrier.
• Volume skewed toward the downside, suggesting sellers maintained control despite the late-session bounce.
• The broader structure still reflects consolidation between roughly $1.10 and $1.25 as the triangle pattern tightens.

Key levels to watch

• $1.15 as immediate resistance that bulls need to reclaim
• Support at $1.13–$1.14, followed by stronger support near $1.10
• Resistance between $1.17 and $1.25, where rallies have repeatedly stalled
• A sustained break above $1.25 would shift the trend, while failure keeps XRP in a range-bound, sell-the-rally structure