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XRP slips to $1.31 after failed breakout as liquidity dries up
Rejection at $1.35 and collapsing depth raise risk of sharper moves as positioning builds.
Apr 7, 2026, 5:41 a.m.
What to know:
- XRP failed to hold above $1.35 and closed near $1.31, with the rejection at resistance more significant than the modest 1.9% price drop.
- Rising volume on the failed breakout and lower highs in price suggest sellers remain in control as support weakens.
- Thinning liquidity on Binance and growing open interest alongside falling prices point to increased short positioning and the potential for sharper moves if $1.35 resistance or the $1.31–$1.30 support zone breaks.
