XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors
XRP hit fresh 15-week lows after losing a key support zone, with exchange outflows failing to offset persistent selling pressure....
Key takeaways
- 1XRP fell 3.4% to $1.2668, breaking below the key $1.30 support level on heavy trading volume.
- 2Over 25 million XRP moved off exchanges suggesting accumulation, but rallies continue being sold immediately.
- 3If current support at $1.26 breaks, XRP could decline toward $1.20 as the next major downside target.
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Why it matters
XRP's breakdown below critical support reflects broader bitcoin-led crypto market weakness affecting all majors, while the failed accumulation despite exchange outflows signals weak near-term sentiment for Indian retail investors holding positions.
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