XRP Fails to Break Resistance; Warning of Further Plunge if $1.30 Gives Way

▲ XRP (XRP) / AI-generated image

XRP, which recently failed to break through the solid resistance level of $1.40, continues its precarious sideways movement above $1.30, creating a tense calm before a potential surge in volatility.

According to CoinMarketCap on February 13 (local time), XRP is trading at around $1.36, down 0.95% from the previous day, as it absorbs downward pressure. Its 24-hour trading volume reached $2.62 billion, surging 25.75% compared to the previous session, indicating active position reshuffling among investors during the price decline. With a market capitalization of $82.99 billion, XRP maintains its fourth-place ranking in the overall cryptocurrency market, but persistent selling pressure continues to emerge after repeated failures to break through upper resistance.

A closer look at price indicators shows XRP moving within a narrow range between an intraday low of $1.35 and a high of $1.40, focusing on securing support. With a circulating supply of approximately 60.91 billion XRP, the trading volume-to-market cap ratio stands at 3.16%, suggesting a growing wait-and-see attitude among market participants. Analysts warn that if the $1.35 support level collapses, further declines toward the low $1.30 range may be inevitable in the short term.

Despite major positive developments such as the recent expansion upgrade of the XRP Ledger’s escrow function, the price has struggled to gain momentum amid an overall risk-off sentiment in the broader market. Weakness in major assets like Bitcoin and Ethereum has created an environment where XRP finds it difficult to establish independent upward momentum. However, as the recent decline has been accompanied by increased trading volume, experts remain divided on whether this range represents an accumulation phase forming a bottom or the beginning of a deeper downtrend.

Investors are closely watching whether the $1.35 support level can hold firmly and if XRP can reclaim the short-term resistance at $1.40. A decisive breakout and stabilization above $1.40 could lay the groundwork for a technical rebound toward $1.50. However, given the current supply-demand dynamics, overcoming selling pressure at higher levels remains challenging. With major indicators nearing oversold territory, the possibility of a temporary relief rally cannot be ruled out.

XRP is currently positioned at a critical technical inflection point, and the strength of downside support is expected to determine the trend over the coming week. As market uncertainty persists, calls for a cautious approach—confirming support at key price levels before taking positions—are gaining traction.

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