XRP price drops 5% as $1.05 support breaks, more downside ahead?

XRP price fell about 5% to $1.05 on July 28 as a broader risk-off move and forced long liquidations pushed the token below a closely watched technical floor. Summary XRP dropped from roughly $1.11 to $1.05, breaking support near $1.054. The 4-hour RSI fell to 25.93, placing XRP in oversold territory. Daily Chaikin Money Flow reached -0.12, showing continued net capital outflows. Liquidation clusters near $1.075 and $1.097 could limit an early recovery. XRP price breaks below a double-top neckline According to data from crypto.news, XRP (XRP) price traded at $1.049 at the time of writing after reaching an intraday low of $1.0486 on Binance. The decline extended a broader downtrend that has kept the token under pressure since May. The 4-hour chart shows XRP forming two rounded peaks near $1.17, creating a double-top structure. Both advances lost momentum before buyers could establish support above $1.15. XRP price forms double top on the 4-hour chart — July 28 | Source: crypto.news A horizontal neckline near $1.054 separated the pattern from its bearish confirmation. XRP moved below that level on July 28, exposing the psychological $1 mark and the late-June lows between $1.01 and $1....