XRP experienced a significant 3.4% decline during Wednesday’s trading, falling to $1.17 and briefly dipping below the crucial support level of $1.15. This downward move reversed gains from earlier in the week as trading volumes soared, highlighting market instability. A rally early in the week that pushed the price toward $1.28 quickly fizzled out. Selling pressure ramped up around 15:00 UTC on Wednesday, catapulting trading volumes to 134.2 million XRP, a leap of 170% above the norm. Though some buying interest emerged at $1.13, it struggled to drive the price back above $1.15, signaling insufficient buyer strength for immediate recovery.