The token fell 5% to near $1.10, hitting multi-month lows amid high-volume breakdowns and trader uncertainty.
XRP extended losses, dropping 5% to approach $1.10 as a liquidation-driven selloff breached key support at $1.20. The breakdown triggered a high-volume cascade, pushing the token to its lowest level in months.
Prior to the drop, $1.20 served as a critical support level, with traders monitoring whether the decline signals capitulation or a deeper correction. The selloff follows broader weakness in crypto markets, though XRP’s move stands out for its sharp reversal.
Traders are now assessing whether the washout marks a bottom or the start of further downside, with near-term focus on $1.10 as the next potential support zone.