XRP slips below $1.13 as daily losses top 4%: key levels $1.10–$1.12
XRP has slipped below the $1.13 support level, with daily losses rising above 4% over the past 24 hours. The move was accompanied by a sharp selloff and a volume spike to around 109.9M XRP, suggesting liquidation-driven repositioning rather than a slow decline.
Traders are now focused on $1.10–$1.12. A decisive break below this zone would increase odds of a drop toward $1.00, and possibly the deeper $0.80–$0.90 area. On the upside, $1.13 has flipped to resistance, followed by $1.20, then $1.35–$1.40 where rebounds have repeatedly failed.
Technically, XRP remains in a broader bearish structure: it trades below the 100-day and 200-day moving averages and inside a descending channel. Momentum is nearing oversold, which can support short-term dip-buying, but the overall setup does not yet confirm a durable recovery.
For XRP, the next session window around $1.10–$1.12 is likely to determine whether this becomes a continuation lower or a brief rebound.
Bearish
The latest update confirms a fresh breakdown: XRP is now trading below $1.13, and the selloff came with a major volume expansion (~109.9M XRP). In both articles’ framing, that combination typically signals liquidation-driven repositioning and increases the probability of follow-through lower.
Near-term, traders must watch whether XRP can hold $1.10–$1.12. A decisive breakdown there would open a path to $1.00 and potentially $0.80–$0.90. While momentum is approaching oversold (which can trigger short-term dip-buying), the broader bearish structure remains intact: XRP is below the 100-day and 200-day moving averages and within a descending channel. This keeps the higher-probability scenario skewed toward sellers until the market reclaims key levels like $1.13 and then $1.20.