XRP Slides 14% to $1.35 After Failed Retest — Bears Eye $1.22/$1.13 Support

XRP slid further this week, under renewed selling pressure that has seen the token drop roughly 14% over the past seven days. In early Wednesday trade the price fell to $1.35 after failing to hold a recent retest at $1.53, underscoring fading upside momentum and a higher risk of additional downside. Derivatives and retail activity point to a bearish consensus. Futures open interest has contracted as retail traders pull back, and recent liquidations—largely lopsided against long positions—have added to uncertainty. That risk-off tone is mirrored across the market as Bitcoin and Ethereum also face fresh selling, weighing on top altcoins including XRP. Technical outlook - Macro context: Bitcoin’s inability to sustain levels above $70,000 has unleashed broad selling pressure that has not spared altcoins. - Indicators: XRP’s RSI has softened, signaling waning buying strength. - Key levels: if buyers cannot reclaim $1.50 (and push toward $2.00), XRP may revisit support around $1.22 and $1.13. Conversely, a decisive break above $2.00 could flip sentiment and open the way to the next resistance area near $2.75. - Pattern note: a falling wedge on the 4-hour chart is a constructive setup that historically precedes breakouts, so a bullish reversal is technically plausible if momentum returns. Potential bullish catalysts Despite current weakness, several developments could catalyze a turnaround for XRP: - Regulatory clarity: ongoing efforts such as the Clarity Act and any favorable regulatory outcomes in the US would likely boost market sentiment and adoption. - Whale accumulation: large holders have been adding positions, a behavior that can stabilize prices and presage broader recovery. - XRPL utility and stablecoins: stablecoin supply on the XRP Ledger has risen recently—DeFiLlama shows stablecoin market cap on XRPL climbed from about $331 million in early February to more than $418 million as of writing—even while overall DeFi TVL has declined. Ripple USD and other XRPL-based stablecoins are gaining traction. - Institutional use cases: Ripple’s partnerships to tokenize traditional fund structures on the ledger could draw institutional interest and increase on-chain activity. - ETF flows: spot crypto ETF inflows have cooled recently but cumulative net inflows have topped $1.2 billion; a turn in sentiment could prompt renewed and rapid inflows. Bottom line Near-term momentum favors the bears, with critical support zones to watch at $1.22 and $1.13 and a reclaim of $1.50–$2.00 needed to shift the bias. Still, regulatory progress, continued whale buying, and growing XRPL stablecoin activity are credible upside triggers that could reignite XRP’s rally if market conditions improve. Read more AI-generated news on: undefined/news