XRP drops below $1.32 support, steadies around $1.14

After breaking the key $1.32 support level, XRP fell to the $1.10 area and has since been confined to a narrow trading band near $1.14. The breakout from a months‑long descending triangle pushed the price below its 50‑, 100‑ and 200‑day moving averages and was accompanied by a spike in volume, followed by a rapid drop in volatility.

Analysts note that the current calm may be misleading; the longer volatility stays suppressed, the sharper the next move could be. Critical technical levels are $1.08 as support and $1.22 as resistance, with a breach of $1.08 potentially triggering fresh liquidations and a rise above $1.22 signalling renewed buying strength.

The report also covers Cardano (ADA), which slid to about $0.17 after a 30 % drop, entering an oversold zone. Support near $0.15 and resistance around $0.20‑$0.25 are highlighted, but the currency remains below its major moving averages, suggesting a bearish bias.