XRP Price Slips as Native Token Faces Multiple Rejections
Ripple’s XRP price has dropped to $1.33 over the past 24h, according to Coinglass trading data, underperforming a broader market decline.
The native token of XRP Ledger pulled back on Thursday, a slowdown driven by sustained selling pressure and distribution near key resistance levels.
The token experienced persistent selling and failed resistance tests, with high-volume rejections near $1.38 indicating distribution. XRP had surged near $1.60 last month, but failed to cross the line.
Multiple reports highlight sustained bearish pressure, with XRP failing to hold above $1.35 and repeatedly rejected at the $1.37–$1.38 resistance zone.
A slew of crypto analysts affirmed that rising volume alongside the price decline signals distribution, suggesting larger players are offloading positions.
The market structure favours investors seeking to exit their positions in the digital token, with each rally being sold into, keeping the immediate trend weak.
XRP’s drop outpaced Bitcoin’s 0.73% decline, indicating coin-specific weakness. Derivatives data from the past 30 days shows long position liquidations totalling approximately $39.8 million, over double the $19.7 million in short liquidation.
The market has been systematically reducing bullish exposure, punishing buyers more than sellers, and reflecting underlying skepticism amid unsettled conflicts in the Middle East.
Traders who deploy signals to monitor price movement said the immediate technical picture is defined by the $1.33 support level and the critical $1.28 Fibonacci swing low.
A break below $1.28 could accelerate downside. For a bullish reversal, XRP must first reclaim $1.35 and then overcome the $1.38 supply zone.
The broader market’s direction, particularly Bitcoin’s stability near $71,000, will be a key external trigger. The path of least resistance remains downward unless key resistance levels are broken with conviction.
A daily close below $1.33 to confirm bearish continuation, or a surge above $1.38 to invalidate the near-term downtrend. The combination of distribution, underperformance, and a punitive derivatives structure keeps XRP in a corrective phase. Oil Prices Edge Higher as Ships Stuck in Waterway
