$XRP has pulled back from $1.38 to around $1.29, with sellers still in control. The price is attempting to rebound, but the weak structure remains unchanged.

Watch $1.284, $1.275, and $1.265 below, with $1.284 as the immediate support.

As long as the price stays below $1.31, it could continue to move lower; a break above $1.32 may open the door to a rebound.