XRP experienced a 2.8% decline, falling from $1.1020 to $1.0708, amid a broader cryptocurrency market pullback. The token's price action saw a significant breakdown at 13:00 UTC, with trading volume spiking to 117.26 million XRP, pushing the price below the $1.0850 support level, which has now turned into resistance.
The cryptocurrency's price briefly touched an intraday low of $1.0446 before rebounding slightly to hover around $1.07. Analysts highlight the $1.05-$1.10 range as a critical support zone, with a breach potentially leading to a focus on the psychological $1 mark. Despite longer-term bullish patterns, XRP's near-term trajectory is marked by lower highs and repeated failed recoveries.
XRP Drops 2.8% as $1 Support Level Faces Pressure
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