XRP's Price Plunges Through Pivot at $1.10

XRP is experiencing technical difficulties as its price breaks down through its pivot at $1.10, according to recent data.

At this level, taker selling vastly outpaces buying, and every short-term moving average acts as a ceiling rather than support.

The 200-day SMA sits at $1.40, far above the current price of $1.09, making any talk of a bullish recovery seem unlikely without clearing an enormous structural gap first.

Momentum has gone flat in the worst possible way, with the MACD and signal line essentially welded together in negative territory, and the Stochastic readings indicating the market is drifting toward oversold territory.