XRP Slides Below $1.15 as Sell Walls and a Protocol Upgrade Weigh on the Token

XRP broke below the $1.15 support level in the latest session, erasing a price floor that had drawn buyers and extending a 19% decline over the past 30 days. The drop has unnerved investors, according to reporting by CoinTurk News, which flagged the breach as a significant technical development for the Ripple-linked token.

What Broke the Support

The $1.15 level had functioned as a key support, meaning it was a price zone where buying interest had previously been sufficient to halt declines. When that floor gives way, traders who bought near it are sitting on losses and often add to selling pressure rather than absorb it. The 19% monthly drawdown suggests the erosion was not a single-session event but a sustained retreat, the kind of slide that tends to shake out shorter-term holders first and then test the conviction of longer-term ones.

Sell Walls Are Keeping a Lid on Recovery

CoinTurk News cited major sell walls as a factor weighing on the market. Sell walls are clusters of limit sell orders stacked at specific price levels — visible on order books and often interpreted as resistance to any near-term recovery. Their presence means buyers attempting to push the price higher are absorbing large volumes of supply before XRP can regain lost ground. Whether those orders represent institutional distribution, long-held positions being lightened, or simply algorithmic positioning, the source does not specify.

A Network Upgrade Adds Uncertainty

A looming network upgrade on the XRP Ledger is also contributing to what CoinTurk News described as market unease. Protocol changes carry execution risk and can prompt hedging ahead of their implementation, particularly when price momentum is already negative. The source did not detail the nature or timeline of the upgrade.

The Broader Picture

Taken together — a broken support, visible sell pressure, and a pending technical change — the setup offers little in the way of obvious near-term catalysts for XRP buyers. A 19% monthly loss is the kind of number that tends to surface questions about who holds supply and at what cost basis, questions the current data does not fully answer.