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XRP got hit hard. The token dropped to $1.18 — a 15-week low — before clawing back to around $1.20. The selloff came on heavy volume, 205.7 million XRP traded hands, and that surge pushed price straight through the $1.25 support level that traders had been watching.
What made the move unusual was the backdrop. Exchange-held XRP had actually been falling before the drop, and Binance inflows for XRP hit their lowest point this year. Normally, shrinking exchange supply is a bullish signal — it often means holders are pulling coins off platforms, accumulating rather than selling. But that narrative got buried under a wave of technical selling. The on-chain data said one thing. The charts said another. And right now, the charts are winning.
Bearish Technicals Dominate Short-Term Picture
XRP is currently trading between $1.21 and $1.26. That’s a 2% drop over the past 24 hours and a 7% slide over seven days. Not catastrophic numbers in isolation, but the technical setup looks rough. Both the 50-day and 200-day moving averages are declining on the 4-hour chart, and momentum is basically flat to negative.
The Fear & Greed Index sits at 23. That’s extreme fear territory.
Resistance is stacked above current price at $1.32, $1.36, and $1.38 — three levels XRP would need to clear before anyone starts talking about recovery. Immediate support is around $1.21, with the more significant floor at $1.18. That $1.18 level matters a lot. A clean close below it probably opens up a bigger downside move, one that would wipe out the stabilization traders have been trying to build over the past few weeks.
Three scenarios are in play right now. Buyers hold $1.21 firmly and price drifts back toward $1.27 — that’s the optimistic read. Or XRP just grinds sideways between $1.20 and $1.24, going nowhere fast. The third scenario, and the one bears are watching for, is a close below $1.18 that triggers another leg down. No details yet on how far that leg could go. The source didn’t specify a downside target.
The On-Chain Divergence That’s Confusing Traders
The tension between on-chain data and price action is what’s making this week so murky for XRP holders. Declining exchange inflows and shrinking exchange-held supply are the kinds of signals that typically precede a price recovery. Coins leaving exchanges tend to mean accumulation — long-term holders pulling assets into cold storage, not rushing to sell.
But that’s not what’s happening in price. Technical selling has dominated. And it’s unclear yet whether the on-chain signals are early — meaning a bounce is coming — or whether they’re just being overwhelmed by broader market weakness and short-term trader behavior.
That divergence is genuinely hard to trade around. It’s the kind of setup where both bulls and bears can point to data that supports their view.
LiquidChain Presale Raises $820K as Investors Eye Alternatives
While XRP struggles, some investors are looking elsewhere. LiquidChain, a Layer 3 protocol, has raised $820,000 in its presale, with its token priced at $0.01466.
The project’s pitch is cross-chain liquidity. LiquidChain wants to pull Bitcoin, Ethereum, and Solana liquidity into a single execution environment. It’s built around four core principles: a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once Architecture. The idea is that developers can build once and tap into multiple major blockchain ecosystems without redeploying.
It’s early-stage. That’s obvious from the token price and presale stage. But $820,000 raised suggests the project is getting real attention, not just noise. Whether that translates into anything meaningful post-presale is unclear — presale momentum and actual network traction are very different things, and the crypto space has plenty of examples of both outcomes.
Still, the timing isn’t random. When a large-cap token like XRP goes through a rough patch, capital does tend to rotate. Some of it chases yield elsewhere. Some of it goes into early-stage infrastructure plays that promise cross-chain efficiency. LiquidChain seems to be catching that rotation, at least at the presale level.
For XRP specifically, the $1.18 floor is the number to watch. Everything else — the moving averages, the resistance cluster, the Fear & Greed reading of 23 — points to a market that’s cautious and not ready to buy yet. Binance inflows at a yearly low, exchange supply contracting, and still the price can’t find a bid.
Hub: XRP price, news, and analysis
Frequently Asked Questions
What price level is most critical for XRP right now?
The $1.18 level is the key floor — a closing price below it could trigger further declines, per current technical analysis. Immediate support sits at $1.21.
How much has LiquidChain raised in its presale?
LiquidChain has raised $820,000 in its presale, with its token currently priced at $0.01466.
