XRP Slips Below $1.30 as Market Correction Stalls Altcoin Momentum

XRP has fallen 4% to trade below the critical $1.30 support level, marking fresh 15-week lows for the asset. This downturn follows a broad market correction led by Bitcoin, which has faced significant resistance as investors lock in profits. Despite consistent net outflows from exchanges, which typically signal a reduction in sellable supply, XRP remains under intense selling pressure as speculative interest wanes. Technical analysts are now looking toward the $1.20 level as the next major support zone, noting that the asset requires a significant bullish catalyst to reverse its current downward trend. The decline reflects a wider shift in the cryptocurrency market where macroeconomic factors and leverage unwinding are currently outweighing on-chain accumulation patterns. As the market navigates this period of heightened volatility, institutional and retail participants remain in a defensive stance, waiting for clearer signals before committing to further long positions. XRP’s ability to reclaim the $1.30 threshold will serve as a key indicator of its short-term recovery potential.