XRP’s (XRP-USD) recent attempt to push higher has been thwarted. Today, XRP saw its recovery fizzle out after failing to clear a heavy hurdle at $1.35. With trading volume staying quiet and remaining under $2 billion, the market is showing a lack of buyers ready to keep the fire burning.
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Low Volume Pulls the Rug on XRP’s Growth
XRP is currently struggling to find a firm place to stand after being rejected at the $1.3550 mark. The price has dipped below the 100-hourly Simple Moving Average, indicating that the short-term trend has lost its spark.
The biggest worry for traders is the lack of trading activity. When the price drops and volume stays low, it usually means there isn’t enough strength to stop the slide. Unless a new influx of buying appears soon, the token risks drifting further down the hill. Currently, the Relative Strength Index (RSI), which measures if a move is too fast or too slow, has dropped below the 50 level, showing that the sellers are back in the driver’s seat.
Long-Term Believers in XRP Start to Back Away
Even the most patient XRP investors are beginning to show signs of hesitation. New data shows that while many long-term holders are still in the green, their confidence is starting to shake.
The Net Unrealized Profit/Loss chart has shifted from high confidence into a more neutral range. In the past, this kind of move often leads to a long period of sideways trading or a deeper price drop. Because the price is stuck below a key average line (the 20-day EMA), it faces constant pressure every time it tries to bounce back. To see a real change, the price needs to jump above $1.36 with a huge increase in trading volume.
Technical Walls Point to a Deeper Drop in XRP’s Price
The market is bracing for another fall if the bulls cannot get back over the $1.3380 mark quickly. The price is now leaning heavily on a critical support floor at $1.30.
Experts are watching the $1.29 level like a hawk. A break below that point would likely lead to a fresh slide toward $1.25 or even $1.20. On the flip side, if buyers suddenly rush back in, the first big challenge is at $1.38. So far today, the momentum tools remain in the red, suggesting that the easiest path for the price is currently down.
At the time of writing, XRP’s price is sitting at $1.2975.
