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XRP drops 4% below $1.30 as heavy selling breaks key support zone
XRP lost another major support level after high-volume selling accelerated late in the session, keeping focus on whether the months-long compression structure is now breaking lower.
May 28, 2026, 4:41 a.m. 2 min read
What to know:
- XRP broke below the long-defended $1.30 support with heavy volume, signaling a meaningful shift in short-term market sentiment.
- Derivatives data show cooling futures interest and weaker trader conviction even as on-chain flows suggest longer-term accumulation continues.
- Analysts warn that XRP’s price is hovering near the lower edge of a long-running symmetrical triangle, raising the risk of a deeper drop toward the mid-$1.20s or even $1.10 if $1.30 is not reclaimed.
• Analysts also kept pointing to a symmetrical triangle structure that has compressed XRP price action since early 2025, with the market now nearing the apex of that range.
• On-chain data still showed XRP leaving exchanges, a pattern some traders continue interpreting as longer-term accumulation despite the short-term weakness.
Price Action Summary
• XRP fell from $1.3267 to $1.2993 during the 24-hour session, briefly dropping as low as $1.2931.
• The sharpest selling came during the May 27 23:00 UTC session, when 64M XRP traded as price broke below support near $1.3150.
• XRP later staged a short-term rebound from session lows, recovering back toward the $1.30 area into the close.
