XRP has moved lower, slipping from approximately $1.37 to $1.33 as sellers have taken advantage of price rallies to exit their positions. This pattern points to ongoing weakness in the asset, even as modest inflows into exchange-traded funds have provided some limited support. The repeated use of rallies as selling opportunities suggests that buyers have struggled to maintain upward momentum.
Trading volume has risen alongside the declining price, a combination that analysts typically associate with distribution rather than accumulation. XRP has also faced consistent rejection near the $1.37 to $1.38 price range, reinforcing the view that sellers remain active at those levels. The asset has underperformed relative to the broader cryptocurrency market during this period.
Traders are closely monitoring two key support levels on the downside: $1.33, which the price is currently testing, and $1.28, which represents a more significant floor below. A break beneath these levels could signal further deterioration in short-term price action. Conversely, a sustained move back above $1.35 would be an early sign that momentum may be shifting.
For a more meaningful recovery in short-term outlook, market participants say XRP would need to reclaim the $1.38 level with conviction. Until that occurs, the prevailing trend continues to favor sellers. The repeated failure to hold gains near resistance has kept the technical picture cautious for the near term.
Originally reported by CoinDesk.
