XRP Slips Below Key Support as Traders Eye $1.27

XRP is currently trading near $1.35, marking a 6% decline over the past week. The token recently dropped below a support level that analysts have monitored since late August. After failing to close above the 50 week moving average twice, the price is showing signs of further weakness. Some analysts suggest that a slide toward $1.27 is possible before the asset can attempt to regain its previous highs.

Technical pressure has been building since XRP peaked at $1.70. The current chart structure shows the price struggling to clear resistance levels between $1.40 and $1.47. Recent attempts to push higher were rejected, leading to a series of lower highs. Until the price can reclaim and hold the $1.50 level, market participants remain cautious about calling a definitive bottom.

Despite the technical cooling, market fundamentals tell a slightly different story. Spot XRP products saw over $110 million in inflows last week, which is the strongest performance seen since December. Traders are also keeping an eye on upcoming regulatory votes and corporate updates that could influence volatility. For now, the technical outlook suggests the asset may test lower support zones at $1.27 or $1.21 before any meaningful recovery takes hold.