The cryptocurrency market is experiencing renewed selling pressure, and Ripple’s native token has become one of the hardest-hit major altcoins. The latest technical developments point to an accelerating XRP price crash, with the asset violating a critical psychological and structural baseline that had previously kept buyers in the game.
Data from the 4-hour XRP/USD chart reveals that the digital asset has officially broken below the key 1.20 support level, shifting market control entirely over to the bears.
XRP Price Analysis: How XRP Coin Crashed
$XRP has been locked in a well-defined downtrend for several weeks. This structural decline is clearly demarcated by a prominent descending yellow trendline that has consistently capped any attempt at a bullish reversal.
The breakdown unfolded rapidly through several distinct phases:
- The Consolidative Failure: XRP initially consolidated below a major horizontal resistance level at 1.30. Unable to muster enough buying volume to test or break this ceiling, se...
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