XRP dropped below the $1.13 level on elevated volume, prompting debate over whether the move represents a final capitulation or the start of a deeper decline toward $1.00.

Despite repeated buying interest around key support zones, XRP continues to lose footing, with the latest decline pushing price back toward the $1.10 region that analysts have long flagged as an important threshold. Selling pressure picked up sharply once $1.13 broke.

News background
Analysts have highlighted the $1.09 area as a key Fibonacci support level that XRP has been drifting toward over recent months. Even with occasional rebounds, XRP remains below its 100-day and 200-day moving averages, reinforcing a broader bearish trend. Trading volume surged during the selloff before quickly normalizing, suggesting a sharp repositioning event rather than sustained bearish momentum.

Price action summary
XRP fell from $1.1505 to $1.1248 during the session, losing more than 4%. The decline accelerated after the loss of $1.13 support, with volume spiking to 109.9 million XRP—more than double the daily average. The price briefly tested $1.1240 before stabilizing as selling pressure faded into the close.

Technical view
The key development is the breakdown of $1.13, which now acts as resistance on any recovery attempt. The move was confirmed by heavy volume, indicating active liquidation and repositioning rather than gradual weakness. Momentum indicators are also approaching oversold levels, with RSI readings near zones that have previously preceded short-term rebounds. Still, the broader structure remains bearish, with XRP trading within a downward channel below major trend indicators.

Levels to watch
Support now sits in the $1.10–$1.12 range; a break below it could open the door to $1.00 and potentially the $0.80–$0.90 zone. On the upside, XRP needs to reclaim $1.13 to ease immediate pressure. Above that, resistance is seen at $1.20, followed by a stronger ceiling around $1.35–$1.40 where earlier rallies have failed. The price structure is tightening, leaving XRP at a critical point where either support holds or the correction deepens further.