coindesk.com
$XRP slid sharply as bitcoin pulled back, triggering a high-volume breakdown that erased last week’s gains before buyers stepped in near $1.80.
News Background
- $XRP fell alongside broader crypto weakness as bitcoin retreated, pressuring high-beta tokens and unwinding recent gains.
- The move wasn’t driven by token-specific news, but by risk-off positioning, with sellers taking control once price slipped below key technical levels.
- The decline followed a rally earlier in the week that occurred on thin volume, leaving $XRP vulnerable once broader market sentiment turned.
Technical Analysis
$XRP broke decisively below $1.87, triggering accelerated selling on heavy volume and confirming a short-term bearish shift. The breakdown erased the prior session’s advance and pushed price quickly toward $1.80, where buyers emerged to slow the decline.
While $XRP managed a modest bounce back above $1.80, the recovery lacked strong follow-through and left price below former support, which now flips into near-term resistance. Structure improves only if $XRP can reclaim and hold above the breakdown zone.
Price Action Summary
- $XRP fell about 5%, sliding from $1.91 to $1.80
- Selling accelerated after $1.87 support failed
- Volume surged during the breakdown, signaling forced selling
- Buyers defended the $1.78–$1.80 zone late in the session
What traders say is next?
- Traders are focused on $1.80 as the immediate line in the sand.
- If $1.80 holds, $XRP could stabilize and attempt a rebound — but bulls need a reclaim of $1.87–$1.90 to signal the selloff was corrective rather than the start of a deeper move.
- If $1.80 fails, downside risk opens toward $1.73, with momentum likely to build as remaining support gives way.
- For now, $XRP remains tethered to bitcoin’s direction, with technical levels — not headlines — driving the next move.