XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors

XRP dropped below the $1.30 support level amid broader market weakness led by Bitcoin, extending its downtrend with lower highs and lows. Despite over 25 million XRP moving off exchanges suggesting accumulation, rallies are being sold off without sustained strength. Traders are monitoring support at $1.26 and resistance between $1.27-$1.30, with a further break potentially targeting $1.20.

XRP broke below the closely watched $1.30 support on heavy volume, extending a downtrend marked by lower highs and lower lows.
More than 25 million XRP have moved off exchanges, hinting at accumulation, but rallies are still being sold and have not produced sustained price strength.
Traders are watching support around $1.26 and resistance near $1.27 to $1.30, with a break below current levels potentially opening a move toward $1.20.