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XRP falls below $1.30 support amid heavy selling, risking deeper decline.

Market News
28 May 2026
Coindesk
View Source
Bearish
pluang ai news

XRP broke below the key $1.30 support level after heavy selling volume, signaling a shift in short-term market sentiment. Despite some on-chain data suggesting longer-term accumulation, derivatives data shows weakening trader conviction. Analysts warn that failure to reclaim $1.30 could lead to a further drop toward the mid-$1.20s or even $1.10. The price is near the lower edge of a long-standing symmetrical triangle pattern, increasing the risk of a deeper decline if support is not regained soon.

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