XRP fell below $1.35 on Tuesday after a months-long compression pattern broke to the downside, putting the spotlight on the $1.30 support level. The digital asset lost what traders had viewed as a key zone after another failed attempt to break higher.
Pattern breakdown and what it means
The price had been coiling inside a narrowing triangle since late last year. That kind of squeeze usually ends with a sharp move — and this time it cut lower. XRP dropped through the lower boundary of the formation, clearing a floor that had held for weeks. The breakdown came after buyers couldn't push price past resistance near $1.50 for a second time in as many months.
Now the question is whether $1.30 will hold. That level was a support pivot in January and again in early February. If it doesn't, there isn't much solid ground until $1.10, based on prior price action.
Failed breakout adds to the pressure
Tuesday's move follows a pattern that's become familiar: XRP tries to rally, stalls, then slides back. The latest attempt to push above $1.45 fizzled out last week. The failure to sustain momentum has left the market heavy. Volume picked up on the sell-off, suggesting conviction behind the move rather than a random wobble.
Traders are watching $1.30 closely. A clean break below that could accelerate selling, they say. But if the level holds, it could buy time for another consolidation.
The focus now is on whether the breakdown is a false move or the start of a deeper correction. The $1.30 zone is the line in the sand. If price bounces from there, the triangle may turn into a bigger range. If it doesn't, the next major test sits around $1.10 — a level that hasn't been touched since early November.
For now, the market is in wait-and-see mode. No major news has emerged to explain the drop, so traders are reading the chart. The next few sessions will tell whether $1.30 holds or crumbles.
