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Just caught XRP getting absolutely wipes out—dropped 9% from $1.42 to $1.30 after that crucial $1.36 support finally cracked. The volume spike was insane, like 170% above average, which tells you this wasn't just casual selling. It was forced capitulation.
What's interesting is that brief bounce to $1.33 got rejected immediately. Classic lower high setup. So now we've got $1.36–$1.37 flipped from support to resistance, and traders are basically holding their breath to see if $1.30 can actually hold as a floor. If it doesn't, we could be looking at $1.20–$1.22 next.
The broader pattern here is pretty clear—XRP's been making lower highs since that July peak, and this breakdown just confirms the downtrend is still intact. Any recovery bounce from here looks corrective at best. Momentum is firmly with the sellers right now. If we do get a rebound, $1.32–$1.33 is the ceiling until we reclaim $1.36. That's the key level to watch.