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I noticed XRP has been dropping quite sharply, now touching the $1.35 area after falling from $1.40 yesterday. Its movement is somewhat brutal — not a gradual decline, but a sharp drop with volume spiking dramatically within a few minutes. That’s a sign of forced liquidations, not just regular profit-taking.
According to the latest data, XRP has decreased about 0.43% in the last 24 hours and has repeatedly stayed below $1.40. What’s interesting is the end-of-session sell-off yesterday — volume exploded suddenly, indicating that the support structure in this area is actually weaker than we thought. Now, $1.35 becomes an important level to watch; if it breaks, it could head toward $1.30.
From a technical perspective, the momentum still favors the sellers. Leverage is also increasing — meaning traders are still adding short positions even as the price drops, so the situation is somewhat fragile. The volatility, which had narrowed earlier, is now starting to widen again. That usually signals a big move is coming, either up or down, depending on which break level occurs first.
If XRP manages to reclaim $1.40, we can say the stabilization structure is intact. But if it continues to fall from here, the next support levels are at $1.35 and $1.30. I’m monitoring this area because high volatility can be an opportunity, but it can also be a trap if the timing is off. Certainly, with this volume and high leverage conditions, the next move will be quick and significant.
There’s also news about XRP integration into some major payment apps, but for now, the market is still focused on short-term price action. Let’s see if the $1.35 support can hold or not.