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

coindesk.com 1 h

Analytics

$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.

News Background

• $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.

Price Action Summary

• $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.

Technical Analysis

• 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.

What traders should watch

• $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.