XRP falls 3% after losing $1.15 support as breakout attempt fades

2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowXRP slid 3.4 percent to about $1.15, breaking key support at $1.15 on heavy volume after another failed attempt to clear a long-running descending trendline near $1.25.The sell-off was driven by a volume spike roughly 170 percent above average around 15:00 UTC, with buyers stepping in near $1.13 but unable to reclaim the broken $1.15 level into the close.Traders now see $1.15 as the first hurdle for bulls, with support clustered between $1.13 and $1.10 and resistance stacked from $1.17 to $1.25 as XRP continues to trade within a year-long symmetrical triangle.XRP gave back more of last week's rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session's heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months. • XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative. • Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25. • XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%. • The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550. • Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support. • The key development was the loss of $1.15. That level had acted as support following last week's breakout and now risks turning into resistance. • XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level on the chart. • Volume expanded during the selloff rather than the recovery, suggesting sellers remained in control despite the late-session bounce. • The broader setup continues to resemble a market compressing between support near $1.10 and resistance near $1.25, with the range narrowing as the triangle approaches its apex. • $1.15 is now the first level bulls need to reclaim to stabilize momentum. • Support sits near $1.13-$1.14, followed by the larger floor around $1.10. • Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have repeatedly failed. • A break above $1.25 would change the conversation. Until then, traders are likely to view rallies as tests of resistance rather than the start of a new uptrend. 1Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners13 minutes ago2Bitcoin traders load up on bearish bets all the way down to $52,000 15 minutes ago3Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades28 minutes ago4Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator9 hours ago5U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch12 hours ago6Ethereum Foundation loses another key leader as co-executive director Hsiao-Wei Wang resigns13 hours ago7Crypto for Advisors: Trading the bitcoin cycle14 hours ago8Algorand unveils roadmap to achieve quantum resistance by 202815 hours ago9CoinDesk 20 performance update: Stellar (XLM) jumps 10% while index declines16 hours ago10Alchemy's AI-driven identity and payment service gains access to Visa network16 hours agoLatest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record HighCEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record HighIn May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

XRP falls 3% after losing $1.15 support as breakout attempt fades

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