XRP Cryptocurrency Declines to $1.31 Following Unsuccessful Breakout Amidst Decreased Liquidity

XRP Crypto declined to $1.31 following a significant rejection at $1.35, leaving traders with minimal gains from a breakout attempt that initially appeared promising.

The 2% decrease is secondary; the crucial aspect is the combination of that ceiling rejection and noticeably reduced order book depth, a scenario that has historically preceded more pronounced directional shifts.

The unsuccessful attempt originated from a March 31 peak of $1.37, with XRP failing to surpass the $1.40 resistance and gradually moving lower within a $1.28–$1.33 range since then.

This recent advance toward $1.35 now resembles a distribution zone rather than a launching point, with the market capitalization at $80.6 billion and 24-hour trading volume at merely $2.01 billion – diminished participation that confirms the liquidity issue is genuine. The chart now presents a binary question: will $1.28 hold, or will the next support at $1.15 come into play sooner than bulls anticipate?

Xrp (XRP)24h7d30d1yAll time

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XRP Crypto, Reclaim $1.35 or Retreat to $1.15?

XRP Crypto is trading below both its 50-day EMA ($1.38) and 200-day EMA ($1.88), with the price confined within a descending channel on the 4-hour chart where both the 50-SMA and 200-SMA serve as overhead resistance.

The daily RSI is at 38 – indicating weak momentum, but not yet in oversold territory, suggesting there’s no technical support from that indicator alone. The MACD is negative and expanding downward, negating any near-term momentum argument.

Key resistance levels are at $1.3500; critical supports are at $1.3000 and $1.2698. The $1.28 level has been maintained since February, coinciding with the 23.6% Fibonacci retracement – below this, holder support significantly diminishes until $1.15.

Source: TradingView

The bullish scenario necessitates a clear reclaim of $1.35 on volume – not just a wick, but a close – followed by a sustained position above the 50-day EMA at $1.38.

This sequence would open the path to $1.45 and, with a catalyst, potentially $1.60 linked to regulatory advancements on the CLARITY Act, which currently has a 63% probability of passing in 2026 according to prediction markets. Long-term analysts maintain structurally bullish perspectives, but these scenarios require macro conditions – FOMC dovishness, easing geopolitical tensions – that are not currently present.

The bearish scenario triggers on a confirmed daily close below $1.28. Analysts are highlighting $1.15 as the next significant support, with more aggressive targets at $0.80 dependent on oil prices exceeding $100 and Fed rate holds through Q2.

The stark reality is that XRP is down nearly 30% year-to-date and 64% from its $3.65 all-time high, with every bounce being sold off. The single most critical level: $1.28. Maintain it and the range remains intact; lose it and $1.15 becomes the next support.

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