XRP was changing hands at $1.14 on Wednesday, a steep drop from the $3.60 high it hit last July. The decline has carved a steady downtrend, with a recent local low near $1.05. Meanwhile, a presale for a token called LiquidChain has quietly pulled in over $820,000 at an initial price of $0.01454.
Where the price might find a floor
Chart watchers have marked three support levels that could slow or stop the slide: $1.10, $1.00, and $0.80. On the upside, resistance sits at $1.40, then $1.60, and finally $1.80 — all above current prices. The Relative Strength Index, a momentum oscillator, reads 30.88 with its signal line at 32.19. Readings near 30 often signal that an asset is oversold, though the RSI hasn't crossed back above its signal line yet.
LiquidChain presale gains traction
While XRP holders watch the charts, a separate offering is drawing attention. The LiquidChain presale is priced at $0.01454 per token and has raised more than $820,000 to date. No details have been released on when the presale will close or how many tokens remain available.
What comes next
For XRP, traders will be watching whether the price holds the $1.10 support level and whether the RSI can push above 32.19 to confirm a momentum shift. For LiquidChain, the next milestone will be the presale's total raise and eventual token listing — both currently unannounced.
