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XRP Breaks Below Key $1.30 Support as Selling Pressure Intensifies
$XRP continued to decline over the past 24 hours as broader weakness in the crypto market pushed the token closer to a key support range. CoinMarketCap market data showed that $XRP fell by 3.46% to around $1.28 at the time of publication, while its market capitalization dropped to $79.7 billion.
Trading activity increased during the decline. $XRP’s 24-hour trading volume rose by 42.7% to around $2.45 billion, reflecting increased trader participation during the breakdown.
Active Selling Emerged Near Major Support
The decline occurred as approximately 64 million $XRP changed hands and the token broke below support near $1.3150. This move was another blow to $XRP, which has been trading within a consolidation structure for several weeks.
Technical data showed that the $1.30 level had repeatedly acted as a short-term low during previous pullbacks. Analysts watching the chart noted that a break below this zone increased downside risks, especially given that $XRP continued to trade below resistance levels between $1.33 and $1.36.
Although $XRP recovered from session lows, the rebound remained limited compared with the scale of the previous sell-off.
Technical Indicators Point to Weak Momentum
Daily chart indicators continued to signal bearish conditions. The Relative Strength Index dropped to 33.04, approaching the oversold threshold of 30.
Source: TradingView.
Historically, RSI readings below 35 have often coincided with periods of heavy selling pressure. However, $XRP has not yet entered deeply oversold territory, leaving room for further downside before stronger recovery attempts emerge.
The Moving Average Convergence Divergence (MACD) indicator also reflected weakening momentum. The MACD line remained below the signal line, while the histogram continued to show negative readings.
Exchange Flows Reflect Ongoing Market Pressure
CoinGlass exchange-flow data showed continued sell-side activity on spot markets during $XRP’s decline from levels above $3.00 in August to the current $1.30 range. Several large exchange outflow spikes were observed during periods of volatility, including October and early February, when $XRP briefly traded below $1.50.
Source: CoinGlass.
At the same time, inflow activity remained strong, indicating active market participation despite weakening prices.
See also: "Traders Push Bitcoin Back Above $73,000 After a $352 Million Liquidation Wave"
