XRP Catches Bitcoin's Cold: Drops to $1.33 as Majors Melt
XRP got absolutely bodied on Saturday, plunging from roughly $1.36 to $1.33 in a matter of minutes. The sudden selloff came on heavy volume, confirming this wasn't some thin-liquidity wick but an actual flush of eager sellers — these guys weren't just dipping their toes, they were diving headfirst into the exit.
The breakdown pushed price below the $1.35 level, which has now flipped into resistance. That joins the $1.40-$1.41 zone that's been repeatedly capping any recovery attempts. So yeah, two resistance levels now sitting overhead like a ceiling fan in a low-clearance room — every time XRP tries to stand up straight, bonk.
The bounce that followed was weak. XRP managed a slight recovery but failed to reclaim lost ground, forming a lower high in the process. High volume on the way down, fading volume on the way up — that's distribution behavior, not accumulation. Sellers appear to still be in the driver's seat, and they're not giving up the keys anytime soon.
Over the 24-hour period, XRP was down 1.7%. But that headline number masks the real story: a clean intraday breakdown that caught relatively stable price action and flushed it through support in short order. Sometimes the percentage doesn't tell the whole tale — this is one of those times.
Technical picture remains bearish. XRP continues to trade within a broader downtrend, stuck below key resistance. Volatility is compressing while momentum weakens — a setup that typically precedes a larger move, though direction remains unclear. Price is essentially trapped between breakdown risk at $1.33 and the potential for a sharp reversal if resistance gets reclaimed. It's like being stuck between a rock and a very unforgiving place.
Traders should watch $1.35 as the immediate pivot — price needs to reclaim it to stabilize. On the downside, losing $1.33 opens the door to $1.32-$1.31, where the next demand zone sits waiting. Buckle up.
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