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Altcoins & DeFi

XRP struggles below $1.30 amid growing selling pressure

Image: CoinJournal

Key takeaways XRP trades below $1.25 on Tuesday as the cryptocurrency struggles to recover. CryptoQuant data points to persistent sell-side dominance in XRP, with large whale orders adding uncertainty to XRP’s outlook. XRP faces immediate resistance at $1.285 and $1.30, while a deeper decline could bring the $1.16 and $1.00 support levels into focus. XRP remain under selling pressure on Tuesday as it struggles to recover from their recent declines. XRP is trading below $1.25, with buyers finding it difficult to push the price back above the $1.30 level. Data from CoinGlass and CryptoQuant paints a mixed picture. While funding rates suggest some traders are still betting on a recovery, derivatives positioning and on-chain activity indicate that sellers remain influential.

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