XRP Slides Below $1.32 as Analyst Eyes Support at $1.25

XRP traded near $1.318, recording a weekly decline of approximately 6.5%, according to data reported by CryptoNews. Daily momentum weakened as the relative strength index stood at 36.84, with the token trading near its lower Bollinger Band.

Support and Rebound Targets

Analyst Ali Martinez identified $1.25 as a potential support level within an hourly parallel channel. According to the analysis, a test of the lower boundary could precede a rebound toward conditional recovery targets of $1.42 and $1.60. TradingView charts placed the token near its lower Bollinger Band at $1.3077 after touching an intraday low of $1.284 on Oct. 15. The middle Bollinger Band was positioned at $1.4440, while the upper band stood at $1.5803.

Liquidation Clusters and Macro Pressures

CoinGlass data revealed prominent liquidation clusters above the market around $1.39 and $1.43, sitting near the analyst's midpoint target and the daily Bollinger midpoint. Below the market, additional liquidation bands sat around $1.29 to $1.30 and near $1.28. The retreat coincided with renewed attention to U.S. inflation data, following a Bureau of Labor Statistics report showing September consumer prices rising 3.7% year-over-year.

Key facts

• XRP traded near $1.318 with a weekly decline of about 6.5%.
• Daily RSI stood at 36.84 as the token approached its lower Bollinger Band.
• Analyst Ali Martinez highlighted $1.25 as potential support with targets at $1.42 and $1.60.
• CoinGlass data showed prominent liquidation clusters overhead near $1.39 and $1.43.