Overview
- XRP sank to an intraday low near $1.12–$1.135 before rebounding about 18% to roughly $1.32, with price now consolidating below resistance in the $1.30–$1.40 area.
- Momentum flipped after a breakdown through $1.60 triggered automated selling and liquidations, with rising volumes and an RSI near oversold confirming downside pressure.
- On-chain gauges show capital outflows and fading activity, with the MVRV Z-Score near a key threshold and the Accumulation/Distribution line trending lower, signaling sustained distribution risk.
- Analysts flag $1.24–$1.20 as critical support and warn that a failure there could expose the psychological $1.00 level, while reclaiming $1.50–$2.00 would be needed to suggest recovery.
- Ripple Prime added support for Hyperliquid to offer institutional on-chain perpetuals with cross-margining, yet the announcement failed to lift XRP as traders focused on weakening market structure and broader risk-off factors highlighted by recent economic headlines.