The XRP price has finally fallen below the $1.40 mark, and the manner of the breakdown is more significant than the move itself. This was not a gradual decline but a high-volume sell-off that cleared a level buyers had been defending for weeks. Once such support is lost, it typically does not recover quickly and often flips, which is the current challenge. News Background • Bitcoin's dominance has increased towards 60%, indicating a rotation out of altcoins and limiting the demand for XRP.
• The multi-month triangle structure that had been compressing the price has finally resolved, with the move breaking lower instead of triggering the expected upside expansion. Price Action Summary • XRP has fallen from $1.44 to $1.39, breaking through the $1.40 support zone. • The move was driven by a sharp increase in participation, not 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 quickly reclaimed. • The expanding volume into the breakdown confirms genuine selling pressure, not just positioning noise.
• The triangle pattern that held the price for weeks has resolved lower, removing the compression support. • Short-term bounces are appearing but are reactive and not strong enough to reverse the move yet. What traders should watch • $1.40 is now the pivot point. Reclaiming it with volume would make the breakdown appear like a fakeout.
• $1.37 is the next downside level. Losing that would open the path toward 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.