Gate News update: After XRP’s attempt to break above $1.35 failed, it pulled back to around $1.31. The intraday decline is about 1.9%. Even though trading volume expanded during the fluctuations, the buyers were unable to sustain momentum. The price quickly reversed downward, indicating that sell pressure from above remains clear.
Market action shows that earlier in the session, XRP briefly approached the $1.35 key resistance level, but was then hit by a rapid sell-off. The increase in trading volume at high levels suggests that capital chose to distribute on the highs. In the late-session phase, the price briefly broke below $1.318 before stabilizing for now. Currently, the structure shows “lower highs,” and support is gradually weakening.
From a technical perspective, the core of this signal lies in a “failed breakout,” not just a simple pullback. A drop on heavier volume combined with declining liquidity makes the price more prone to amplified volatility. At the same time, open interest continues to rise while price falls, suggesting the market is accumulating short positions and that near-term sentiment is leaning defensive.
Changes in the liquidity environment are especially critical. Falling order-book depth means that once key price levels are breached, price swings could intensify. Current $1.35 has turned into a clear resistance level. Only by reclaiming and holding that level can the market structure have a chance to repair.
Looking below, $1.31 to $1.30 forms a short-term support zone. Once that breaks, the price may further test the $1.28 area. Against the backdrop of tight liquidity, the market may be more prone to an accelerated move, so traders should watch the breakout direction around key price levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETF Launch Fails to Stem Tide As XRP Sinks to $1.81, Lowest Since April
Crypto asset manager Bitwise’s launch of a spot XRP exchange-traded fund on Nov. 20 failed to lift the token, which fell to $1.81 — its weakest level since April — before a broader Nov. 21 sell‑off drove monthly losses above 20%.
ETF Launch Followed by Double-Digit Losses
The highly
Coinpedia13m ago
Ripple Executive Details XRP Ledger's Role in Institutional Finance at Paris Blockchain Week
Ripple's Marcus Infiner outlined a strategy for institutional adoption of blockchain at Paris Blockchain Week, emphasizing collaboration between crypto firms and traditional finance. He highlighted the XRP Ledger's compliance and efficiency for cross-border payments and on-chain markets, advocating for integration into existing systems.
GateNews1h ago
SBI Holdings Launches 10 Billion Yen Blockchain Bond With XRP Rewards
SBI Holdings has launched SBI START Bonds, a 10 billion yen blockchain-based bond program for retail investors, offering interest payments and XRP token rewards. The initiative highlights SBI's partnership with Ripple and aims to integrate digital assets into traditional finance.
GateNews3h ago
Garlinghouse Maintains Confident Tone on XRP Throughout 2026
Ripple CEO Brad Garlinghouse has maintained a positive outlook on XRP and regulatory developments throughout 2026, emphasizing institutional interest and the anticipated passage of the CLARITY Act despite XRP's price decline. His public statements highlight momentum in Ripple's business and project confidence in the crypto market's future.
CryptoFrontier5h ago
XRP Trading Volume Surges to $1.81B in Single Session, Holds Above $1.43
XRP trading volume reached $1.81 billion, driven by futures at $1.47 billion and spot trading at $341 million. Currently priced at $1.43, XRP is above the 200-day EMA, signaling bullish momentum and increased market participation.
GateNews14h ago
Exodus Wallet Adds Native XRP Ledger Integration and RLUSD Support
Exodus Wallet has integrated native XRP Ledger features, allowing users to manage XRP and Ripple's RLUSD stablecoin directly within the app. This upgrade enhances self-custody options and supports the growing market for RLUSD, which has recently been adopted as futures collateral.
CryptoFrontier14h ago
