XRP gave back more of last week’s rally on Wednesday after sellers pushed the token through $1.15 support, a level traders had been watching since the recent move above $1.20. The decline came on some of the session’s heaviest volume and followed another rejection below the descending trendline that has capped every recovery attempt for months.News Background• XRP remains caught between growing expectations for U.S. crypto legislation and a market that continues to prioritize technical levels over narrative.• Traders are also watching the year-long symmetrical triangle that has compressed price action between support near $1.10 and resistance around $1.25.Price Action Summary• XRP fell from $1.1873 to $1.1465 during the 24-hour session, losing 3.4%.• The sharpest selling arrived around 15:00 UTC when volume surged to 134.2 million XRP, roughly 170% above average, breaking support at $1.1550.• Buyers emerged near $1.13 and helped lift XRP back toward $1.15 into the close, though the rebound failed to reclaim broken support.Technical Analysis• The key development was the loss of $1.15. That level had acted as support following last week’s breakout and now risks turning into resistance.
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