XRP has fallen to $1.09, breaking through its pivot at $1.10 as sellers take firm control. The cryptocurrency is now testing a strong support floor at $1.06, with every short-term moving average acting as a ceiling rather than a safety net.
Breakdown Below the Pivot
The $1.10 level had been a key pivot point for XRP in recent sessions. But the price slid through it without much of a fight. Taker selling is vastly outweighing buying, and the bears aren't letting up. Moving averages that might normally provide support are now keeping the price pinned down.
Selling Dominates the Order Books
Data from exchanges shows aggressive sell orders hitting the books. Buyers are stepping aside, letting the price drift lower. The imbalance is clear: more traders are looking to exit than accumulate. That kind of pressure tends to accelerate declines if support levels don't hold.
Key Support at $1.06 Under Fire
The $1.06 area has been a reliable floor in recent weeks. It's being tested right now. If it gives way, there's not much below it until the next major zone. For now, the market is watching whether buyers will step in to defend that line or let it break.
The question hanging over the session: can $1.06 hold, or will the sellers push XRP lower before any relief rally materializes?
