XRP at risk of dropping below $1 amid major sell-off, outlet says

Ripple (XRP) has fallen more than 4%, breaking below the key support level of $1.13 amid a large-scale sell-off, CoinDesk reported. The outlet noted that after losing the $1.13 level, selling pressure and trading volume surged, pushing the price as low as $1.05 at one point. XRP is currently trading within a downward channel and remains below its 100-day and 200-day moving averages, indicating a continued bearish trend. If it fails to reclaim $1.13 and the support at the $1.10–$1.12 range collapses, there is a risk of a further decline below $1. CoinDesk added that the crucial support zone is now between $1.10 and $1.12.