Key facts
- XRP fell 5% after breaking below $1.20 support.
- Selling pressure is driving XRP toward multi-month lows.
- Traders are assessing if the current selloff is capitulation or the start of a deeper slide.
XRP experienced a significant price drop, losing 5% after a high-volume breakdown that overwhelmed support levels near $1.20. This selloff has pushed the token towards multi-month lows. Market participants are now focused on whether this recent washout represents a capitulation event or the beginning of a more substantial decline in XRP's price.