XRP price analysis: Ripple-linked token falls 4% on bitcoin-led market weakness
XRP broke below the long-defended $1.30 support on heavy volume, confirming a short-term bearish shift. Price fell from $1.3109 to $1.2668, with the key breakdown occurring when volume spiked and support at $1.2960 failed. Although more than 25 million XRP recently left exchanges, hinting at accumulation, that outflow has not translated into stronger demand. Rallies are still being sold, and failed rebounds near $1.2730-$1.2750 show sellers remain in control. The chart structure continues to show lower highs and lower lows, keeping momentum tilted down. Immediate support is now $1.2650-$1.2670, while $1.2730-$1.2750 is the first resistance to reclaim. A move back above $1.30 would improve sentiment, but if current support breaks, $1.20 becomes the next major target.
