XRP is trading at $1.21, slipping marginally after failing to hold above the critical $1.25 resistance level. That rejection created a lower high on the chart, reinforcing a bearish near-term structure that has frustrated bulls attempting to build momentum through the current range.
Trading volume tells the same story. A 41.5% drop in 24-hour volume to $1.56 billion signals that buyers simply did not show up in sufficient numbers to defend higher prices, and without volume conviction, rallies tend not to sustain.
Still in a Correction, But Not a Broken Market
The honest assessment is that XRP has been in a correction since hitting its all-time high in early 2025, and that correction has not fully completed yet. The current phase represents the final and typically most painful leg of a three-wave pullback.
Crucially, the bigger picture has not broken down. XRP has maintained a pattern of higher highs and higher lows on the long-term chart throughout this entire correction, meaning the underlying bull market structure remains technically intact even if the daily price action feels relentlessly difficult.
The Levels That Matter
The immediate test is whether XRP can defend the $1.19 support level. A hold there keeps alive the possibility of a retest of the $1.25 resistance in the near term. The broader technical range sits between $1.27 and $1.61, with a bull target of $2.00 contingent on a clean break above the current downtrend line. Losing $1.27 on a confirmed basis would accelerate the decline toward $1.11, which represents the next support below current prices.
What Comes Next
One more shakeout remains possible before a genuine recovery takes hold. The charts are not yet showing the kind of impulsive buying pressure that signals a bottom is definitively in. But the oversold readings across multiple timeframes, combined with the intact long-term structure, suggest XRP is far closer to a significant low than the current sentiment would imply.
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