XRP drops 4% below $1.30 as heavy selling breaks key support zone
CoinDesk
XRP fell below the critical $1.30 support level due to high-volume selling, signaling potential further weakness in the near term.Summary
XRP experienced a 4% decline, breaking through a significant $1.30 support level that had been defended for months. The drop was triggered by heavy selling volume, specifically during the May 27 session, and has pushed the price to hover near $1.29. Technical analysts note that XRP remains trapped in a long-term symmetrical triangle pattern and is now trading beneath key resistance zones. While some on-chain data indicates ongoing accumulation, traders are cautious, as failing to reclaim the $1.30 level could lead to further declines toward the mid-$1.20s or $1.10 range.
(Source：CoinDesk)