XRP slips 4% below $1.20 as breakout stalls near key resistance
XRP fell 4% to below $1.20 after its rally stalled near $1.25 resistance, with sellers stepping in on heavy volume and buyers now defending the $1.18 support zone.
XRP slipped 4% to trade below $1.20 on Thursday after a breakout rally stalled near the $1.25 resistance level, with sellers stepping in on heavy volume.
The token briefly traded above $1.22 before losing the $1.20 level and spending the rest of the session trying to stabilize above support near $1.18. The pullback does not fully undo last week's breakout, but it shows buyers still have work to do before challenging higher resistance levels. XRP remains in focus after recent ETF inflows and growing institutional participation helped drive last week's rally above $1.20.
For cryptocurrency traders, the rejection at $1.25 highlights the importance of overhead supply zones in a market still digesting recent gains. The heavy volume on the sell-off suggests profit-taking and short-term positioning rather than a structural shift in sentiment. Live crypto prices and charts on NowPrice show XRP's intraday volatility as the market tests the $1.18 support area that previously acted as resistance.
Looking ahead, analysts continue to watch the $1.11-$1.15 demand zone that launched the latest recovery, viewing it as the line in the sand for the bullish case. A break below that area could accelerate losses toward $1.05, while a reclaim of $1.20 would put the $1.25 resistance back in play. The coming sessions will also be influenced by broader crypto market sentiment and any ETF-related news flow.