XRP tumbles 9% as break below $1.36 wipes out relief rally

• XRP slid 9.1 percent from $1.42 to $1.30 after a high-volume breakdown below the key $1.36 support level, signaling intensified selling pressure.
• The failed rebound and swift rejection near $1.32–$1.33 confirmed a pattern of lower highs, with former support at $1.36–$1.37 now acting as resistance.
• Traders are watching whether $1.30 can hold as a near-term floor, as a decisive break lower could open downside toward $1.20–$1.22 while any bounce is viewed as corrective.

XRP reversed sharply after failing to sustain its rebound, with a high-volume breakdown through $1.36 accelerating downside momentum.

News Background

• XRP fell alongside renewed weakness across the broader crypto market, but the decisive move was technical rather than headline-driven.
• The token had staged a brief relief rally earlier in the week, only to stall below key resistance and roll over as sellers defended higher levels.
• The breakdown extends XRP’s corrective pattern since its July 2025 peak, reinforcing a sequence of lower highs and failed recovery attempts.

Price Action Summary

• XRP dropped 9.1% from $1.42 to $1.30
• Selling intensified once $1.36 support failed
• Volume surged more than 170% above average during the main capitulation phase
• A brief rebound toward $1.33 was quickly rejected

Technical Analysis

• The critical event was the clean break below $1.36, which had served as near-term structural support.
• Once lost, downside momentum accelerated, driving price toward $1.30 on outsized volume — a sign of forced selling rather than gradual distribution.
• A short-covering bounce pushed XRP to $1.325, but the rally stalled immediately, forming a clear lower high and confirming the broader downtrend remains intact. Former support at $1.36–$1.37 now acts as resistance, while $1.32–$1.33 caps near-term recovery attempts.
• On higher timeframes, XRP remains below key retracement levels, with $1.47 representing the next meaningful structural hurdle should buyers regain control.

What traders say is next?

• Traders are focused on whether $1.30 can hold as a near-term floor.
• If $1.30 stabilizes, XRP may consolidate before attempting another push toward $1.32–$1.36. A reclaim of $1.36 would be the first sign that the breakdown was overextended.
• If $1.30 fails decisively, downside risk shifts toward the $1.20–$1.22 region, where longer-term demand is expected to emerge.
• For now, momentum favors sellers, and any bounce is viewed as corrective until resistance levels are reclaimed.

• Many crypto social media users on X worry that Iran could close the Strait of Hormuz, a key route for about 20 percent of global oil shipments, potentially sending oil prices toward $120 to $150 and triggering an inflation shock.
• Several experts argue that a full closure of the Strait is unlikely or impractical and that any oil price spike would likely be limited and temporary.
• An all-out war could still rattle markets and push bitcoin lower.

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