{"id":15791,"date":"2026-07-28T20:22:54","date_gmt":"2026-07-28T20:22:54","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=15791"},"modified":"2026-07-28T20:23:00","modified_gmt":"2026-07-28T20:23:00","slug":"xrp-price-falls-5-after-breaking-key-1-05-support-bears-eye-further-decline","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/07\/28\/xrp-price-falls-5-after-breaking-key-1-05-support-bears-eye-further-decline\/","title":{"rendered":"XRP Price Falls 5% After Breaking Key $1.05 Support, Bears Eye Further Decline"},"content":{"rendered":"\n<p>XRP extended its recent losses on July 28, dropping nearly <strong>5%<\/strong> as selling pressure pushed the token below the important <strong>$1.05<\/strong> support level. The decline came amid a broader risk-off mood in financial markets, while a wave of long liquidations accelerated the sell-off.<\/p>\n\n\n\n<p>Although XRP has entered oversold territory on shorter timeframes, technical indicators suggest the market remains under bearish pressure. Traders are now watching whether buyers can defend the $1.00 region or if the downtrend will continue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">XRP breaks below critical support<\/h2>\n\n\n\n<p>According to market data, XRP was trading around <strong>$1.05<\/strong> after falling from roughly <strong>$1.11<\/strong> earlier in the session.<\/p>\n\n\n\n<p>The latest decline confirmed a <strong>double-top pattern<\/strong> that had been forming on the four-hour chart. XRP failed to break above the <strong>$1.15\u2013$1.17<\/strong> resistance area on two separate occasions before sellers regained control.<\/p>\n\n\n\n<p>The breakdown below the neckline near <strong>$1.054<\/strong> confirmed the bearish pattern, exposing the psychological <strong>$1.00<\/strong> level as the next major support.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Oversold conditions emerge<\/h2>\n\n\n\n<p>The sharp decline pushed XRP&#8217;s <strong>4-hour Relative Strength Index (RSI)<\/strong> down to <strong>25.9<\/strong>, placing the token in oversold territory.<\/p>\n\n\n\n<p>An RSI below 30 often suggests that selling has become excessive, which can sometimes trigger a short-term rebound. However, oversold conditions alone do not signal a trend reversal.<\/p>\n\n\n\n<p>For sentiment to improve, XRP would first need to reclaim the broken <strong>$1.054<\/strong> support level and establish a higher price low.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Liquidations added to selling pressure<\/h2>\n\n\n\n<p>Leverage amplified XRP&#8217;s decline as the price moved through several heavily traded liquidation zones.<\/p>\n\n\n\n<p>As XRP dropped below <strong>$1.09<\/strong> and <strong>$1.08<\/strong>, many leveraged long positions were automatically closed, increasing selling pressure.<\/p>\n\n\n\n<p>Current liquidation data highlights several important price zones:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Support:<\/strong> $1.043\u2013$1.05<\/li>\n\n\n\n<li><strong>Resistance:<\/strong> $1.062<\/li>\n\n\n\n<li><strong>Resistance:<\/strong> $1.075<\/li>\n\n\n\n<li><strong>Resistance:<\/strong> $1.097<\/li>\n<\/ul>\n\n\n\n<p>If XRP manages to rebound, these resistance levels could slow any recovery as traders exit losing positions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technical indicators remain bearish<\/h2>\n\n\n\n<p>Several technical indicators continue to favor the bears despite the oversold reading.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bollinger Bands<\/h3>\n\n\n\n<p>XRP closed below the lower Bollinger Band, reflecting unusually strong downside momentum.<\/p>\n\n\n\n<p>While prices occasionally rebound after moving outside the lower band, the indicator mainly confirms the strength of the recent sell-off.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Chaikin Money Flow<\/h3>\n\n\n\n<p>The <strong>Chaikin Money Flow (CMF)<\/strong> indicator currently stands at <strong>-0.12<\/strong>, suggesting that capital continues flowing out of XRP rather than into it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MACD<\/h3>\n\n\n\n<p>The <strong>Moving Average Convergence Divergence (MACD)<\/strong> indicator also remains bearish, with the MACD line staying below its signal line.<\/p>\n\n\n\n<p>Together, these indicators suggest sellers continue to control short-term momentum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key price levels to watch<\/h2>\n\n\n\n<p>The immediate support zone lies between <strong>$1.043 and $1.05<\/strong>.<\/p>\n\n\n\n<p>If buyers fail to defend this area, XRP could move toward:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$1.02<\/strong><\/li>\n\n\n\n<li><strong>$1.00<\/strong><\/li>\n<\/ul>\n\n\n\n<p>On the upside, resistance levels are located near:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$1.054<\/strong><\/li>\n\n\n\n<li><strong>$1.075<\/strong><\/li>\n\n\n\n<li><strong>$1.098<\/strong><\/li>\n\n\n\n<li><strong>$1.11<\/strong><\/li>\n<\/ul>\n\n\n\n<p>A sustained move above these levels would improve the short-term technical outlook.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Broader market sentiment weighs on XRP<\/h2>\n\n\n\n<p>XRP&#8217;s decline also coincided with weakness across global financial markets.<\/p>\n\n\n\n<p>Technology stocks in Asia experienced heavy losses, encouraging investors to reduce exposure to higher-risk assets ahead of the upcoming <strong>Federal Reserve<\/strong> policy meeting.<\/p>\n\n\n\n<p>At the same time, uncertainty surrounding U.S. cryptocurrency legislation added to cautious market sentiment after lawmakers delayed further progress on the Digital Asset Market Clarity Act.<\/p>\n\n\n\n<p>These broader macroeconomic developments have increased volatility across both traditional financial markets and digital assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook<\/h2>\n\n\n\n<p>XRP remains under pressure after breaking below the key <strong>$1.05<\/strong> support level, with technical indicators continuing to favor sellers despite oversold conditions.<\/p>\n\n\n\n<p>A short-term rebound remains possible if buyers defend the current support zone, but reclaiming <strong>$1.05<\/strong> and then <strong>$1.10<\/strong> will be essential to weaken the bearish outlook.<\/p>\n\n\n\n<p>Until that happens, traders are likely to remain cautious, with attention focused on the <strong>$1.00<\/strong> psychological support and upcoming macroeconomic events that could influence broader cryptocurrency sentiment.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP extended its recent losses on July 28, dropping nearly 5% as selling pressure pushed the token below the important $1.05 support level. The decline came amid a broader risk-off mood in financial markets, while a wave of long liquidations accelerated the sell-off. Although XRP has entered oversold territory on shorter timeframes, technical indicators suggest&#8230;<\/p>\n","protected":false},"author":3,"featured_media":15792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,121,321],"class_list":["post-15791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-trade","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XRP Price Falls 5% After Breaking Key $1.05 Support, Bears Eye Further Decline - Crypto News<\/title>\n<meta name=\"description\" content=\"XRP price dropped 5% after breaking the key $1.05 support level. 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