XRP fell to its lowest level since early 2024 on Tuesday, briefly touching around $1.13 before attempting to climb back above $1.15. The drop came alongside an unusual burst of trading activity on Binance that quickly faded, leaving traders to question whether the sell-off has run its course or more turbulence lies ahead.
Volume Spike and Rapid Normalization
Data shows the XRP Volume Z-Score on Binance shot up to roughly 4.5 points — its highest reading in four months. A Z-Score that far above zero means the daily trade volume was a statistical outlier compared to the 30-day average. That spike coincided with the price tumbling toward $1.13, a sign of heavy selling or large-scale repositioning by holders.
The spike didn't last. The Z-Score then dropped sharply to about -0.70, indicating volume fell below the average of the past month. That rapid normalization suggests the exceptional activity already completed rather than paused. Historically, such bursts are followed by continued volatility, but the pattern here points to a finished event, not a calm before another wave.
Technical Picture Darkens
The weekly chart shows sellers have erased nearly all the gains XRP made during the first half of 2025. The cryptocurrency now trades below both the 50-week and 100-week moving averages, and both of those trend lines are sloping downward — a bearish setup for the medium term.
XRP is testing its 200-week moving average, a historically important support zone that currently sits around $1.10 to $1.15. Losing that level would mark a major technical breakdown. The fact that it's being tested now, after such a sharp fall, puts the focus on whether buyers will step in to defend it.
What Must Happen for a Recovery
To rebuild any kind of bullish momentum, XRP needs to reclaim $1.30 and then push past $1.50, according to the weekly chart analysis. Those levels sit above the declining shorter-term moving averages. Until they're retaken, the path of least resistance remains lower.
The volume spike on Binance, now normalized, leaves the market in a state of uncertainty. With no confirmed catalyst for the sell-off — no regulatory announcement or exchange issue — traders are left watching the same technical levels and waiting to see if XRP can hold the 200-week moving average in the coming sessions.
