XRP drops to $1.32 as sellers overpower exchange outflows
XRP dropped to a 15-week low of $1.32 as sellers dominated despite 25 million tokens leaving exchanges and $1.42 billion in spot ETF inflows. The mismatch between accumulation signals and bearish price action leaves traders watching $1.31 support and $1.34 resistance. A break below triggers moves toward $1.28–$1.20; reclaiming $1.34 could spark sharp rallies to $1.37–$1.40.
Key takeaways
- 1XRP fell to a 15-week low of $1.32 despite 25 million tokens leaving exchanges and $1.42 billion in spot ETF inflows.
- 2Key support sits at $1.31; a break below opens downside toward $1.28–$1.20, while reclaiming $1.34 could trigger rallies to $1.37–$1.40.
- 3Accumulation signals from exchange outflows contradict bearish price action, leaving traders watching for direction confirmation at these levels.
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Why it matters
For Indian retail investors, XRP's price weakness amid conflicting technical signals reflects broader crypto market uncertainty and ETF demand cooling. Understanding these support/resistance levels helps traders manage risk in volatile altcoin positions during this consolidation phase.
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