XRP Price Takes Hit as Key Technical Level Flips to Resistance

XRP is trading at $1.39, down 5% from its previous price, after breaking below the significant technical level of $1.43.

This level was previously considered support but has now flipped to resistance, making it a barrier for XRP's potential upside.

The analyst notes that while ETF inflows have cooled and funding rates have dropped, order flow data remains mixed, leaving the market's setup fragile heading into August 29.

According to the expert, if $1.43 fails to be reclaimed by XRP, the next downside target could be $1.30, though this is considered less likely at present.