XRP drops 4.5% as heavy selling breaks another support level

XRP dropped 4.5% on Tuesday as heavy selling pressure broke through another support level, pushing the token back toward the $1.09 area that analysts have flagged as a critical Fibonacci support.

The latest selloff accelerated once the $1.13 level gave way, with trading activity surging during the decline before quickly normalizing. This pattern suggests a large repositioning event rather than a steady increase in bearish conviction. XRP remains trapped below its 100-day and 200-day moving averages, underscoring the broader bearish trend despite periodic relief rallies. Several analysts had pointed to the $1.09 area as a major Fibonacci support level that XRP had been approaching for months, and the token is now testing that zone again.

For cryptocurrency traders, the breakdown of support levels in XRP reflects broader risk-off sentiment in the digital asset market. When a major altcoin like XRP loses key technical levels, it often signals that capital is rotating out of riskier positions. Traders should monitor whether XRP can hold the $1.09 Fibonacci level, as a break below could open the door to further downside toward the $1.00 psychological mark. For current pricing context, check NowPrice's crypto page to track real-time XRP movements.

Looking ahead, the key question is whether XRP can defend the $1.09 area. A bounce from this level could trigger a short-term relief rally, but failure to hold would likely accelerate selling. Traders should watch for volume patterns and any catalyst that could shift sentiment, such as regulatory developments or broader market moves. The 100-day and 200-day moving averages remain overhead resistance, and until XRP reclaims those levels, the bearish trend is likely to persist.