XRP slipped below its $1.294 daily support on Saturday, leaving the token trading near $1.28 and underperforming Bitcoin after Friday's close. Data from CoinMarketCap showed XRP down 2.83% over 24 hours. Attention now turns to the $1.28 to $1.25 zone: a firm defense by buyers could allow stabilization, while a breakdown would put the October low in focus.

Why Is the XRP Price Falling?

CoinMarketCap data shows XRP down 2.83% to $1.28 over the past day — a larger decline than the broader crypto market. The platform attributes the move to a risk-off mood, with investors pulling capital out of riskier assets, and points to large Bitcoin ETF outflows and weak technology stocks as the main triggers.

XRP's daily close on Friday came in below $1.29391. That level had acted as support — in chart terms, a zone where buying interest has previously slowed a decline — and losing it shifted sentiment among short-term traders. Holding above the $1.26 to $1.30 support zone could open the way for a bounce toward $1.37 to $1.40, while a break below it risks a test of the October low near $1.256. That band remains the near-term map for readers tracking XRP price levels.

What the Daily Chart Shows

On the daily chart, XRP trades at $1.2827, down 0.95%, and sits close to its session low of $1.2804. October has produced lower highs and lower lows — the pattern of a downtrend. The token also trades below the Ichimoku cloud and the $1.4090 baseline. Ichimoku maps likely support and resistance, with the cloud spanning roughly $1.3683 to $1.4524, which marks the hurdle for any broader recovery.

The first resistance sits at the Ichimoku conversion line near $1.3277. Reclaiming that level would ease some selling pressure, though XRP would still face overhead resistance.

Momentum is soft. The Relative Strength Index (RSI), which tracks the speed of price moves on a 0-to-100 scale, reads 37.49 — below its 39.54 average and the neutral 50 mark. That signals weakness, but not an oversold reading. Volume stands at 16.75 million XRP, offering limited confirmation because the daily candle is still open, meaning the day's final figures can still change.

Which Support and Resistance Levels Matter Next?

The nearest support is $1.28. A sustained break could expose the recent wick near $1.25, then $1.20.

Analyst EGRAG Crypto sees a more constructive setup. He calls $1.24 to $1.25 the "structural line in the sand" and points to double-bottom wicks, which suggest buyers defended that area. Per his latest chart note, he also highlights a bullish cross of the 100-day and 200-day exponential moving averages (EMAs) — trend-following averages that weight recent prices more heavily. EGRAG favors trading the range toward $1.45 to $1.47 while support holds, but warns that a sustained daily break below $1.24 could mean months of consolidation. He adds that daily EMA crosses can produce false signals, so confirmation matters.

Both views converge on one point: the $1.24 to $1.25 area will decide the next move. For a stronger recovery, XRP would need to reclaim $1.3277 while RSI improves and volume builds. With Saturday's daily candle still open, the session close offers the first read on whether $1.28 holds. Until then, the downtrend remains in place.

Originally reported by Live Bitcoin News.