XRP Nears $1.25 Support as Double-Top Risk Builds
XRP fell 2.86% in 24 hours to about $1.29, while trading volume dropped 24.1% to $1.28 billion and market capitalisation stood at $82 billion. The decline has put the $1.25 support level in focus as traders assess a possible double top after two rejections near $1.65–$1.70.
Analyst Crypto With Gopal said a break below $1.25 could expose XRP to further losses, with $0.80 cited as a potential downside target. That forecast is not confirmed, and the double-top pattern would need further price weakness to be validated. A Fibonacci level near $1.20 is another reference if support fails.
Technical indicators point to weak momentum: the RSI is 35.45, below its 20-day average of 44.24, while the MACD remains negative. XRP is also below resistance near $1.34. A move above that level could improve near-term momentum, with further resistance around $1.40–$1.50. Traders are watching whether XRP can hold $1.25 or reclaim resistance; falling volume alone does not confirm a stronger sell-off.
Bearish
The article presents a bearish near-term setup for XRP, but not a confirmed breakdown. The price has fallen, momentum indicators are weak, and two rejections near $1.65–$1.70 have raised the possibility of a double top. If XRP loses $1.25, traders may increase selling or reduce long exposure, with $1.20 and the analyst’s speculative $0.80 target likely to draw attention. A break below support could also prompt stop-loss orders and amplify short-term volatility.
However, the reported decline in trading volume means the move has not been confirmed by a surge in activity. The double top remains a potential pattern, rather than an established signal. In similar technical setups, support tests can lead either to a breakdown and accelerated selling or to a rebound that traps late sellers. A recovery above $1.34, followed by the $1.40–$1.50 resistance zone, would weaken the immediate bearish case.
In the short term, traders are likely to watch price action around $1.25 and changes in volume, RSI and MACD. A confirmed breakdown could weigh on sentiment and increase volatility; a successful defence could encourage a relief bounce. Longer-term effects are less certain because the article provides no fundamental catalyst. The market impact therefore depends on whether XRP confirms a loss of support or reclaims key resistance.