The XRP price has finally dropped below the $1.40 mark, and the manner of this decline is more noteworthy than the move itself. This was not a gradual decline but a high-volume push that cleared a level that buyers had been defending for weeks. Once such support is lost, it typically does not recover quickly and instead often flips, which is the current test. News Background • Bitcoin's dominance has moved towards 60%, indicating a rotation away from altcoins and limiting the demand for XRP.
• The multi-month triangle structure that had been compressing the price has finally been resolved, with the move breaking lower instead of triggering the expected upside expansion. Price Action Summary • XRP plummeted from $1.44 to $1.39, breaking cleanly through the $1.40 support zone. • The move was driven by a sharp spike in participation, rather than thin liquidity. • The price is now stabilizing just below the breakdown level, trading in a tight $1.39–$1.40 range.
Technical Analysis • The key change is structural, with $1.40 shifting from support to resistance unless it is reclaimed quickly. • The expanding volume into the breakdown confirms genuine selling pressure, rather than just positioning noise. • The triangle pattern that held the price for weeks has resolved lower, removing the compression support.
• Short-term bounces are emerging, but they are reactive and not strong enough to reverse the move yet. What traders should watch • $1.40 is now the pivot point. If it is reclaimed with volume, the breakdown may appear to be a false move. • $1.37 is the next downside level.
Losing this level could open the path towards deeper support near $1.31. • If the price continues to hold below $1.40, sellers will remain in control, and rallies are likely to be sold.