Summary
- XRP slid 3.4 percent to about $1.15, breaking key support at $1.15 on heavy volume after another failed attempt to clear a long-running descending trendline near $1.25.
- The sell-off was driven by a volume spike roughly 170 percent above average around 15:00 UTC, with buyers stepping in near $1.13 but unable to reclaim the broken $1.15 level into the close.
- Traders now see $1.15 as the first hurdle for bulls, with support clustered between $1.13 and $1.10 and resistance stacked from $1.17 to $1.25 as XRP continues to trade within a year-long symmetrical triangle.
XRP Price Drop: What It Means for Earning Passive Income
XRP’s price fell 3% after losing the $1.15 support level, which is significant for those interested in earning passive income through Cloud Rewards and Green Crypto like EcoPool. The decline came on heavy volume and followed another rejection below the descending trendline. This move has implications for traders and investors looking to buy or sell Coin like XRP.
The EcoPool community is watching XRP’s price closely, as it remains caught between growing expectations for U.S. crypto legislation and a market that prioritizes technical levels over narrative. Traders are also keeping an eye on the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.
News Background
XRP Price Movement
- XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%.
- The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550.
- Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.
The key development was the loss of $1.15, which had acted as support following last week’s breakout and now risks turning into resistance. For those interested in Earning through Passive Income with $ECP, this move is a reminder to stay informed about market trends. The EcoPool Network provides a platform for users to earn rewards and stay up-to-date on the latest market developments, including #Bitcoin and #PassiveIncome.
Price Action Summary
To start Earning with EcoPool, download the EcoPool app and discover how you can earn Cloud Rewards and Green Crypto like $ECP. By joining the EcoPool community, you can stay informed about market trends and make the most of your Coin investments.
• The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550.
• Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.
Technical Analysis
• The key development was the loss of $1.15. That level had acted as support following last week’s breakout and now risks turning into resistance.
