XRP tumbles 9% as break below $1.36 wipes out relief rally

Traders are watching $1.30 as immediate support after heavy-volume selling confirmed a bearish shift.

By Shaurya Malwa Feb 28, 2026, 1:30 p.m.

XRP slid 9.1 percent from $1.42 to $1.30 after a high-volume breakdown below the key $1.36 support level, signaling intensified selling pressure.
The failed rebound and swift rejection near $1.32–$1.33 confirmed a pattern of lower highs, with former support at $1.36–$1.37 now acting as resistance.
Traders are watching whether $1.30 can hold as a near-term floor, as a decisive break lower could open downside toward $1.20–$1.22 while any bounce is viewed as corrective.

XRP reversed sharply after failing to sustain its rebound, with a high-volume breakdown through $1.36 accelerating downside momentum.

XRP fell alongside renewed weakness across the broader crypto market, but the decisive move was technical rather than headline-driven.
The token had staged a brief relief rally earlier in the week, only to stall below key resistance and roll over as sellers defended higher levels.
The breakdown extends XRP’s corrective pattern since its July 2025 peak, reinforcing a sequence of lower highs and failed recovery attempts.

The critical event was the clean break below $1.36, which had served as near-term structural support.
Once lost, downside momentum accelerated, driving price toward $1.30 on outsized volume — a sign of forced selling rather than gradual distribution.
A short-covering bounce pushed XRP to $1.325, but the rally stalled immediately, forming a clear lower high and confirming the broader downtrend remains intact. Former support at $1.36–$1.37 now acts as resistance, while $1.32–$1.33 caps near-term recovery attempts.
On higher timeframes, XRP remains below key retracement levels, with $1.47 representing the next meaningful structural hurdle should buyers regain control.

Traders are focused on whether $1.30 can hold as a near-term floor.
If $1.30 stabilizes, XRP may consolidate before attempting another push toward $1.32–$1.36. A reclaim of $1.36 would be the first sign that the breakdown was overextended.
If $1.30 fails decisively, downside risk shifts toward the $1.20–$1.22 region, where longer-term demand is expected to emerge.
For now, momentum favors sellers, and any bounce is viewed as corrective until resistance levels are reclaimed.

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