Why Is XRP Falling at $1.28 Even After Franklin’s $150M Ledger Move?

XRP is trading near $1.28 today, down 3.52% in the last 24 hours. That is a drop of about $0.047. Sellers have the upper hand on the daily chart, but support near $1.24 is still holding.

Traders are split on what comes next. Some expect a slow slide. Others see a chance to buy near the floor.

What Is the XRP Price Today?

XRP price today is $1.2806. Market cap stands at $80.88 billion, and 24-hour futures volume is $2.01 billion.

Here is a quick snapshot:

Why Is XRP Going Down Today?

For XRP news today, the story is thinner trading. Futures volume fell 20.04% and open interest slipped 3.96% to $2.80 billion.

Liquidations tell more. Total liquidations hit $7.10 million in 24 hours. Longs made up $6.72 million, while shorts were only $375.28K.

Bulls took almost all of the hit.

Is XRP Bullish or Bearish Right Now?

The overall long/short ratio is 0.9767, which is close to balanced. But account-based ratios lean long.

Options are moving too. Volume jumped 72.52% to $2.91 million, and options open interest rose 4.06% to $68.33 million.

Small numbers next to futures. Still, interest is growing.

Will XRP Go Up or Down Next?

The daily chart shows a descending channel from the September high near $1.66. Price sits below all four key moving averages, bunched between $1.3348 and $1.3728.

RSI reads 37.27, under its signal line at 39.53. Momentum is weak, but not yet oversold.

EGRAG Crypto sees it differently. He points to a 100 and 200 EMA cross and double-bottom wicks near $1.24 to $1.25.

He also says the August 19 surge, which spiked price near $1.70, reclaimed a key structure that is now being retested.

On this Binance chart, though, the 100 EMA ($1.3348) still sits under the 200 EMA ($1.3728). He warns that daily crosses can give false signals.

What Are the Key XRP Support and Resistance Levels?

A sustained daily close below $1.24 could mean months of consolidation, EGRAG notes.

If buyers defend the zone and price breaks above the channel, a move toward $1.33 to $1.37 is possible. Nothing is guaranteed.

What Is the Latest XRP News on Franklin Templeton?

Franklin Templeton added $150 million of tokenized money market fund shares to the XRP Ledger on Friday. Every new share went to one wallet.

That wallet now holds nearly 193 million sgBENJI shares, up from about 48 million before Thursday. At $1.039 per share, that is about $200 million.

The wallet and Franklin's issuing account use the same eight signing addresses. Any two can approve a transaction.

Price did not react, at least so far.

Can XRP Reach $1.45 Again?

The first test is $1.24. Hold it, and a range trade toward $1.45 to $1.47 stays on the table. Lose it, and $1.18 to $1.15 comes into view.

Any Ripple price prediction right now is a guess. The XRP price forecast depends on whether buyers reclaim the EMA zone.

Until then, the trend leans down or sideways.

Disclaimer

This article is for information only and is not financial, investment, or trading advice. Crypto assets are volatile, and prices can move fast in either direction. Past performance does not guarantee future results. Always do your own research and speak with a licensed financial advisor before making any investment decision. Never invest money you cannot afford to lose.