Markets· ★★★· bearish·

XRP falls below $1.30 support: traders expect further decline

  • XRP fell 9.82% in a day — from $1.42 to $1.28
  • Open interest declined 23% to $871 million over the month
  • Support at $1.30 turned into resistance after rejection from $1.50
  • The next downside target is $1.14
Why it matters: Falling open interest and a support break point to weak demand; holding $1.30 will determine whether the pullback continues to $1.14.
Source: AMBCrypto