XRP drops 3% as sellers push below $1.15 support, extending downtrend
By
Shaurya Malwa
16d ago· 1 min readenNews
Summary
XRP fell 3% after losing the $1.15 support level, continuing a downtrend that has repeatedly stalled near $1.25. The decline occurred on heavy volume following another rejection below a descending trendline. The token remains caught between expectations for U.S. crypto legislation and a market prioritizing technical levels over narrative, with traders also watching a year-long symmetrical triangle pattern compressing prices.
Source
bskyXRP drops 3% as sellers push below $1.15 support, extending downtrendcoindesk.comKey quotes
· 3 pulledXRP 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.
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 prices.
Heavy selling pushed XRP back below a key support zone, reinforcing a downtrend that has repeatedly stalled rallies near $1.25.
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