XRP is suffering one of its worst sessions since early February, with a daily drop of nearly 9% dragging the token down to $1.28. A brutal move that comes against a backdrop of broad-based weakness across the crypto market.

XRP’s market capitalization has contracted to $80 billion, representing 3.34% of the total market. A signal that underscores the scale of the correction and reignites the debate over the strength of current technical support levels.

While the token was still trading between $1.40 and $1.45 in the previous 24 hours, the breakdown below those levels raises a central question: can buyers regain control before another wave of selling kicks in?

A Brutal Correction in a Market Under Pressure

XRP is not falling in isolation. Bitcoin was simultaneously pulling back to $75,500 (down 2% on the day), while Ethereum slipped below $2,400 (down 4%). The weakness is therefore systemic, but XRP is amplifying the move with volatility far exceeding that of the two largest caps in the market.

Over longer timeframes, the picture is even grimmer for XRP: -8.2% over seven days and -10.4% over thirty days. These figures reflect persistent selling pressure — this is far from a simple blip. The token remains 65% below its all-time high of $3.65, reached on July 18 — a gap that serves as a stark reminder of just how long the road back to the top really is.

Despite the price decline, volumes remain massive: $80.46 billion traded in 24 hours. A high level of activity that can mean two opposing things — either an ongoing capitulation, or sustained buyer interest ready to absorb the selling pressure. The direction price takes over the coming hours will settle that ambiguity.

$1.28: The Level Every Trader Is Watching

The $1.28 – $1.30 zone is now commanding the full attention of market participants. After several failed bounce attempts, XRP briefly recovered from its lows before sellers reasserted control and pushed price back toward this floor. This kind of price action — a bounce followed by a fresh test of support — is characteristic of a market still searching for its equilibrium.

If this level gives way, the next meaningful floor sits considerably lower, which would expose XRP to a further bearish extension. Conversely, a daily close above $1.30 on declining volume could signal seller exhaustion and open the door to a recovery attempt toward the resistance at $1.40 – $1.45, the zone the token abruptly departed from.

XRP’s all-time high market capitalization reached $210 billion — compared to $80 billion today. That gap illustrates both the scale of the revaluation potential and the depth of the correction currently underway. For now, the market is waiting for a clear signal: either an absorption of selling pressure at $1.28, or a capitulation that will redefine the support levels worth watching going forward.