XRP Slides Below $1.23 After False Breakout: Sellers Regain Control

XRP, the native token of the Ripple platform (founded in 2012 by Jed McCaleb and Chris Larsen), had a volatile day on the markets. After briefly breaking above a major technical resistance at 1.23 USD , the price fell back below this key level, signaling a return of sellers. This dynamic was accompanied by a 42% increase in trading volume over 24 hours, suggesting that traders took advantage of the rally to liquidate their positions rather than take new ones. According to CryptoScore Pro data, XRP has a score of 74.0/100 , reflecting solid institutional adoption but persistent volatility. The facts The XRP price briefly exceeded 1.23 USD before facing strong selling pressure, falling back below this level. Over 24 hours, the token declined by 1.17% , after reaching an intraday peak at 1.245 USD . XRP's market capitalization stands at 75.47 billion dollars , with a daily volume of 111.31 million dollars . No major regulatory event or partnership has been reported to explain this movement. XRP's CryptoScore, based on criteria such as audits and governance, remains at 74.0/100 , with two level 1 audits conducted by Trail of Bits. The leadership team, composed of Brad Garlinghouse (CEO) and David Schwartz (CTO), continues to oversee the project's development. Long-term holders (LTH) hold 58% of the circulating supply , but trades of more than one year old represent less than 2% of daily volume . Why it matters A false breakout above a technical resistance, like the one observed for XRP, is often interpreted by the market as a signal of rejection. Traders use these levels to liquidate their long positions, which amplifies selling pressure. In XRP's case, this dynamic is reinforced by already low liquidity, making the market vulnerable to large-amplitude movements. Ripple, as a cross-border payments protocol, remains exposed to macroeconomic cycles, particularly interest rates and banking regulation. Tokens tied to cross-border payments, such as XRP or XLM, could be affected by heightened risk aversion toward assets with low differentiation. No direct link is established with geopolitical dynamics, but a prolonged decline in XRP could reflect investors disengaging from risk assets. Growing competition from traditional solutions (SWIFT, CBDCs) and crypto alternatives (USDC, USDT) could also reduce the perceived utility of XRP over the long term. What to Watch The support level at 1.15 USD must hold to avoid a drop toward 1.10 USD . A confirmed break could trigger an accelerated downtrend. A recovery in trading volume or an official announcement (partnership, regulation) would be needed to reverse the trend. XRP's TVL, down -8.1% over 7 days, stands at 48.06 million dollars , which could indicate a gradual loss of interest in the associated liquidity protocols. XRP's persistent volatility, combined with the absence of recent catalysts, limits the ability to anticipate a recovery. Investors should closely monitor regulatory announcements (SEC, MiCA) and interest rate fluctuations, which could influence the token's trajectory.