Ripple's XRP experienced a decisive breakdown on the daily chart, slipping beneath the $1.32 support level that had anchored the market for months and now hovering around $1.15.
Technical Landscape
The asset fell below every major moving average, confirming a pronounced bearish trend that investors had been monitoring. Despite the sharp sell‑off, the price action still reflects the broader crypto market’s volatility.
On‑Chain Activity Indicators
Transaction volume on the XRP Ledger remained above one million daily for most of the previous month, indicating that network usage has not mirrored the price decline. This divergence often appears near local market bottoms, suggesting that blockchain activity may be stabilizing.
Potential for Recovery
Payment volume spikes, including a single surge that exceeded 1.5 billion XRP, show that large participants continue to move value across the ledger. Such on‑chain strength hints at the possibility of a recovery rally that could target a 50 % upside for the coin.