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XRP is under pressure as traders closely monitor the $1.35 support level following a surge in selling volume earlier in the session. The cryptocurrency has been trading near critical psychological thresholds, with the $1.35 zone acting as a key indicator for potential further declines. Analysts note that a breakdown below this level could trigger broader bearish momentum in the XRP market, while a rebound might stabilize short-term sentiment. For traders, the $1.35 support is a pivotal technical level that could influence both short-term and medium-term price action. A sustained close below this level may invite increased bearish positioning, potentially leading to a retest of lower support zones around $1.20. Conversely, a strong rejection at $1.35 could attract buyers, especially if macroeconomic conditions for cryptocurrencies improve. The outcome will likely impact risk appetite in the broader crypto market. The movement of XRP is particularly significant for investors tracking the Ripple ecosystem and regulatory developments. If the $1.35 level fails, it could signal renewed regulatory or liquidity risks for XRP. Traders should watch for follow-through selling or signs of institutional buying. Key watchpoints include the 24-hour volume profile and on-chain metrics like exchange outflows, which may provide early clues about the asset's trajectory.
