XRP has hit a 15-week low of $1.32 as selling continues to overshadow potential recovery signals.
The cryptocurrency XRP has fallen to its lowest level in over three months, reaching $1.32, as sellers maintain dominance in the market. Despite over 25 million XRP being withdrawn from exchanges and significant inflows into spot XRP ETFs totaling around $1.42 billion, these indicators have not been enough to reverse the prevailing downward trend.
Market Conditions
- Traders are closely watching support at $1.31 and resistance at $1.34. A fall below $1.31 could trigger further declines toward $1.28 and $1.20, while reclaiming $1.34 might lead to a rise to $1.37–$1.40.
On the trading front, XRP's price dropped from $1.3384 to $1.3208, hitting a 15-week low during the session. The decline occurred with a trading volume of 55.03 million, pushing the price below the critical support level of $1.3320.
Technical Analysis
The current market dynamics show that while accumulation signals from exchange outflows are present, they have not translated into price gains. The breakdown below $1.3320 has weakened the short-term outlook for XRP, and the market remains cautious as sellers continue to create lower highs.
