XRP Falls Toward $1.10 as Liquidation Selloff Tests Multi-Month Lows
XRP fell about 5% after a high-volume breakdown below $1.20, trading near $1.10, its lowest level since before the late-2024 US presidential election. Traders are weighing whether the washout marks capitulation or the start of a deeper decline.
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The Breakdown Below $1.20
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, according to CoinDesk. The move pushed the token toward $1.10 and left traders debating whether the selloff is a capitulation event or the opening leg of a deeper slide.
CryptoPotato reported that XRP traded above $1.55 only a few weeks earlier before a rejection drove it lower. The token's price near $1.10 is its lowest since before the US presidential election in late 2024, and the two reports place the drop in the context of a broader market selloff. CryptoPotato said bitcoin dipped to $61,000 earlier in the day, its first print at that level in four months.
Two Views on Structure
The outlets differ on how the price action should be read. CoinDesk framed the breakdown as a question of whether the latest move flushes out sellers or extends the trend. CryptoPotato's account centers on analyst EGRAG CRYPTO, who compared the current setup to early 2017, when XRP briefly fell below a structural level the analyst calls the "Bifrost Bridge" before a sustained rally.
EGRAG framed the next phase as one of two outcomes. A "wick" scenario would involve another sharp downside move that clears weak hands before a reversal. A "brick" scenario would see XRP consolidate above $1.00 and $1.10 and build a base without a further flush. The analyst said they lean toward the wick outcome, expecting one more emotional move before any expansion. The thesis is an individual's chart interpretation, not a confirmed signal, and neither outlet reports on-chain or order-book data that independently validates the historical comparison.
Market Context
The XRP move is occurring alongside a broader drawdown. CryptoPotato reported that some altcoins held up initially before joining the decline. The sources do not agree on whether the selloff is primarily liquidation-driven or macro-driven, and neither provides a derivatives data breakdown to settle the question. Traders are watching whether the $1.10 area holds as the next reference level.
Why It Matters
For Traders
A break below $1.10 would put the next reference levels in play, while a hold there would align with the consolidation scenario some analysts describe.
For Investors
XRP's move below $1.20 comes as bitcoin also tests multi-month lows, so its direction over coming weeks will show whether the selloff is asset-specific or broadly market-driven.
For Builders
Projects settling payments or holding XRP-denominated balances should review exposure and liquidity assumptions as prices move through recent support levels.
This article is for information only and is not financial advice. Read the full disclaimer.
