XRP Breaks Key Support at $1.34, Analyst Eyes $1.11 and $0.87 Downside Targets

XRP has fallen nearly 3% in 24 hours and 28% since the start of the year, breaking below a key demand trendline from the February 11 low of $1.34, market commentator Casi said. The token failed to reclaim this support on February 22, and Casi's analysis on X now identifies $1.11 and $0.87 as major support levels, implying potential declines of 16.5% and 34.5% from the current price of $1.33 if selling pressure continues. She notes the former support from wave (B) lows has turned into resistance, but a move above $1.65 could invalidate the bearish outlook and reframe the recent weakness as a false breakdown.