Mr.Arshman

06/19 07:05

XRP falls 3% after losing $1.15 support as breakou

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$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. $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. $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. 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. • $XRP has now failed multiple times below the descending trendline near $1.25, reinforcing it as the most important level on the chart. • Volume expanded during the selloff rather than the recovery, suggesting sellers remained in control despite the late-session bounce. • The broader setup continues to resemble a market compressing between support near $1.10 and resistance near $1.25, with the range narrowing as the triangle approaches its apex. $1.15 is now the first level bulls need to reclaim to stabilize momentum. • Support sits near $1.13-$1.14, followed by the larger floor around $1.10. • Resistance remains clustered between $1.17 and $1.25, where recent recovery attempts have r

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