XRP slips to $1.31 after failed breakout as liquidity dries up

Rejection at $1.35 and collapsing depth raise risk of sharper moves as positioning builds. What to know : XRP failed to hold above $1.35 and closed near $1.31, with the rejection at resistance more significant than the modest 1.9% price drop. Rising volume on the failed breakout and lower highs in price suggest sellers remain in control as support weakens. Thinning liquidity on Binance and growing open interest alongside falling prices point to increased short positioning and the potential for sharper moves if $1.35 resistance or the $1.31–$1.30 support zone breaks.