coindesk.com
$XRP tried to break higher and failed. The rejection near $1.35 matters more than the 2% drop itself, especially with liquidity thinning out. That combination usually leads to bigger moves.
News Background
- $XRP fell 1.9% to $1.31 after failing to hold above $1.35
- Volume picked up during the move, but buyers couldn’t sustain momentum
- Liquidity on Binance has dropped sharply, leaving thinner order books
Price Action Summary
- $XRP pushed toward $1.35 early in the session but was rejected quickly
- The move reversed on higher volume, signaling active selling into strength
- Late-session trading saw a sharp drop below $1.318 before stabilizing near $1.31
- Structure now shows lower highs and weakening support
Technical Analysis
- The key signal is failure, not just decline — $XRP couldn’t convert strength into continuation
- Rising volume on rejection suggests sellers are still in control at higher levels
- Liquidity conditions are worsening, which can exaggerate moves in either direction
- At the same time, open interest is rising while price falls — a sign traders are adding shorts
What traders should watch
- $1.35 is now the clear ceiling — reclaiming it is needed to shift momentum
- $1.31-$1.30 is the immediate support zone; a break opens downside toward $1.28
- With liquidity thin, expect sharper moves once either level gives way