XRP Tumbles Under Pressure: Will It Fall to $1.10 Before the Next Rally?

XRP is currently facing selling pressure and testing its key support level at $1.35.

If this area fails to hold, XRP could fall towards $1.10, according to analyst CasiTrades.

This downward move would put the cryptocurrency's short-term trend under significant pressure, but a strong defense of $1.10 could potentially set the stage for a new bullish move.

The current RSI reading is around 57.87, indicating that XRP has pulled back from its recent highs and leaving room for further downside.