The XRP continued to weaken on the latest trading day, with prices falling around $1.15 and a 24-hour fall of about 3.4 per cent. This decline was accompanied by a marked increase in the volume of the trade and a return to the critical position of $1.15.

15:00 UTC drops.

The data show that XRP fell from US$ 1.1873 to US$ 1.1465 in the current round of 24-hour transactions. The most visible sales took place around 1500 UTC, when the turnover rose to 134.2 million XRPs, about 170 per cent above the average.

In this round, 1.1,550 dollars near the support was shot through. Although there was a subsequent buy-in in the vicinity of $1.13, which pushed the price back to the vicinity of $1.15 at a time, by the time of closing XRP was not able to re-establish its position.

1.15 United States dollars converted to short-line resistance

The market has been looking at $1.15 as a key support after last week's rebound. Now that this position has been lost, the short-line meaning has changed, and traders are more inclined to view it as the first position of resistance that needs to be recovered.

On a more nuanced scale, the immediate support belt is between US$ 1.13 and US$ 1.14 and, if weak, the next, more important, is around US$ 1.10. The upper resistance is concentrated between $1.17 and $1.25.

  • Close support: US$ 1.13 to US$ 1.14
  • Critical support: around $1.10
  • High resistance: $1.17 to $1.25

1.25 U.S. dollar pressure remains intact

It was reported that the XRP had once again attempted to break the downward line near $1.25, but had failed. This trend line has repeatedly suppressed rebounds over the past few months, and has continued to make $1.25 the most visible upper-pressure area on the chart.

In the longer term, the XRP remains within a symmetric triangle lasting about a year, and price fluctuations are condensed between about $1.10 and $1.25 resistance. The fall meant that the market had not yet emerged from the inter-temporal shock pattern.

Another noteworthy signal is that the turnover expands during the fall rather than during the rebound. This usually means that the seller continues to take the initiative on short notice, and that the purchase, while it occurs, is not strong enough to reverse the trend.