CoinDesk reported that although over 25 million XRP recently left cryptocurrency exchanges, stronger selling pressure pushed XRP's price to a 15-week low. The media diagnosed, "XRP recently fell from $1.3384 to $1.3208, dipping to $1.314 during intraday trading before slightly rebounding to around $1.32. The breakdown of the $1.3320 support level, with trading volume reaching 55.03 million, triggered the decline." It continued, "Selling pressure emerges with every attempt to rebound, meaning accumulation signals are not yet reflected in the price. The spot XRP ETF also recorded cumulative inflows of approximately $1.42 billion, but this was insufficient to halt the downward trend. In the short term, $1.31 acts as a support level; if it breaks, $1.28 and $1.20 become the next critical points. Conversely, if $1.34 is breached, a rapid ascent could occur as large short positions accumulated in the $1.34-$1.40 range are liquidated in a cascade," it predicted.
