XRP Price Tumbles Under $1.22 As Market Sentiment Turns Sour
Summary
XRP extended losses after failing to hold above $1.30 and fell below $1.22, reaching a low around $1.1924. It is now consolidating below $1.2320 and the 100-hour simple moving average, with momentum still weak: MACD is bearish and RSI is below 50. Immediate resistance is near $1.2330, then $1.2580, with stronger resistance around $1.2780–$1.2880. A close above $1.2880 could open a move back toward $1.30 and then $1.3250. If XRP cannot reclaim $1.2580, downside pressure may continue. Key support is near $1.2050 and $1.20; a break below $1.20 could lead to further losses toward $1.1920, then $1.1880 and $1.1840.
