XRP has recently come under significant selling pressure. Along with the overall weakness in the crypto market, the price has fallen from $1.65 to $1.54, which represents approximately a 6.3% loss. In my observation, there was no specific news catalyst unique to XRP — rather, the decline was driven by a general decrease in market risk appetite and the breakdown of technical levels.

Speaking technically, the $1.60 level was very important, and breaking this support level triggered sellers. If you ask what support and resistance are, they are critical levels that the price repeatedly tests — support is where buyers are attracted, and resistance is where sellers defend. In XRP's case, $1.60 was an old support level, and once it was broken, a rapid decline followed. Attempts to recover did not reach $1.56, which kept the short-term structure weak.

Currently, traders are looking at the $1.50 level — if this is also broken, the next support levels are around $1.38 and deeper risk is near $1.02. Resistance is seen in the $1.56–$1.62 band. Volume was quite high, indicating forced sales. The market is at a critical level right now, and for XRP to stabilize, it needs to hold at $1.50 and then return to $1.60. Otherwise, downward momentum could continue.