XRP falls below $1.30 support level, short-term market sentiment shifts

XRP fell below the $1.30 support level due to high trading volume sell-offs, leading to a shift in short-term market sentiment. Derivatives data show that futures interest is cooling off and trader confidence is weakening, but on-chain liquidity indicates that long-term accumulation continues. Analysts warn that the XRP price is approaching the bottom of a symmetrical triangle, and if it cannot recover the $1.30 level, it may further drop to the mid-$1.20s or around $1.10.