XRP falls to $1.16 as traders eye $1.14 support zone for potential rebound

XRP slid to approximately $1.16 after failing to sustain gains above $1.30 earlier in the week, bringing renewed focus to the $1.14 support area. The token, a prominent digital asset associated with Ripple Labs, saw its price briefly climb above $1.30 amid an increase in large-holder balances before renewed selling dragged values down. The latest move leaves XRP trading near the lower boundary of a descending channel that has shaped its price action since mid-October. Technical analysts have described $1.14 as the immediate support that buyers are monitoring. A decisive break below this level could result in further declines, extending weakness that began after XRP peaked in late September.

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