XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20.
The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months.
News Background
• XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative.
• Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.
Price Action Summary
• XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%.
• The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550.
• Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.
Technical Analysis
• The key development was the loss of $1.15. That level had acted as support following last week’s breakout and now risks turning into resistance.