XRP briefly lost the $1.14 support level during a bout of heavy selling over the weekend, touching its lowest point of the session before a wave of buying pushed the token back into its recent trading range.
Weekend Sell-Off
The drop came as selling pressure intensified, knocking XRP below the $1.14 mark that had been acting as a floor in recent days. Sellers managed to push the price to a weekend low, though the exact bottom was not disclosed. The move caught some traders off-guard, but the downturn didn't last long.
Rebound and Recovery
Buyers stepped in quickly after the breach, driving a sharp rebound that lifted XRP back above $1.14 and restored it to the range it had been trading in before the sell-off. The recovery was swift, erasing the intraday losses within the same session.
Support levels like $1.14 are watched closely by market participants. When they break, it can signal further declines. In this case, the bounce suggests enough demand exists at those prices to absorb selling pressure—at least for now.
The token's price action over the weekend underscores how quickly sentiment can shift in crypto markets. A brief loss of a key level was met with an equally rapid response from buyers, leaving XRP back where it started.
