What's next for the Ripple-pegged token as it plummets 10%?

XRP reversed sharply after failing to sustain its bounce, with a high volume drop below $1.36 accelerating the downward momentum.

News background

XRP fell alongside renewed weakness across the crypto market, but the decisive move was more technical than headline-driven.
The token had staged a brief relief rally earlier in the week, only to stall below key resistance and fall as sellers defended higher levels.
The breakout extends XRP’s corrective pattern from its July 2025 peak, reinforcing a sequence of lower highs and failed recovery attempts.

XRP fell 9.1% from $1.42 to $1.30
Selling intensified once $1.36 support failed
Volume increased more than 170% above average during the main capitulation phase.
A brief rally towards $1.33 was quickly rejected.

The critical development was the clear break below $1.36, which had served as short-term structural support.
Once lost, the bearish momentum accelerated, driving the price towards $1.30 on massive volume, a sign of forced selling rather than gradual distribution.
A short-covering bounce pushed XRP to $1,325, but the rally immediately stalled, forming a clear lower high and confirming that the broader downtrend remains intact. Former support between $1.36 and $1.37 now acts as resistance, while $1.32 and $1.33 limits short-term recovery attempts.
On higher timeframes, XRP remains below key retracement levels, with $1.47 representing the next significant structural hurdle should buyers regain control.

Traders are focused on whether $1.30 can hold as a short-term floor.
If $1.30 stabilizes, XRP may consolidate before attempting another push towards $1.32-$1.36. A recovery to $1.36 would be the first sign that the collapse has gone too far.
If the $1.30 level fails decisively, the downside risk shifts towards the $1.20 to $1.22 region, where longer-term demand is expected to emerge.
For now, momentum favors sellers and any bounce is considered corrective until resistance levels are recovered.