XRP risks drop to $1.10 if $1.20 support fails, analyst warns

XRP faces the possibility of declining toward $1.10 if it fails to maintain support at $1.20, according to crypto analyst Zach Humphries. As XRP traded close to $1.24, Humphries described the recent price movement as an effort at recovery rather than a clear shift to an upward trend. After slipping below a crucial trading range, XRP managed a partial rebound from near $1.20, temporarily easing pressure on the token. However, the analyst noted that if XRP closes below the $1.20 level on a daily basis, its short-term outlook could deteriorate further. Humphries outlined three possible price scenarios for XRP.