The XRP price has finally succumbed to the $1.40 level, with the nature of the breakdown being more significant than the move itself. This decline was not a gradual slide, but rather a high-volume surge that breached a level which buyers had fiercely defended for weeks. Once such support is lost, it typically does not rebound quickly, instead, it often flips, and this is the current test. Background • Bitcoin's rising dominance, nearing 60%, has led to a rotation out of altcoins, limiting the demand for XRP.
• The multi-month triangle structure, which had been compressing the price, has finally resolved, but the move broke lower instead of triggering the anticipated upside expansion. Price Action Summary • XRP plummeted from $1.44 to $1.39, cleanly breaking through the $1.40 support zone. • The move was driven by a sharp increase in participation, rather than thin liquidity. • The price is now stabilizing just below the breakdown level, trading within a tight $1.39–$1.40 range.
Technical Analysis • The key change is structural: $1.40 has shifted from support to resistance, unless quickly reclaimed. • The expansion of volume into the breakdown confirms genuine selling pressure, rather than just positional noise. • The triangle pattern that held the price for weeks has resolved lower, removing the compression support.
• Short-term rebounds are emerging, but they are reactive and not strong enough to reverse the move yet. Key Levels to Watch • $1.40 is now the pivot point.
If reclaimed with volume, the breakdown may appear as a false move. • $1.37 is the next downside level.
Losing this could pave the way 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.