The XRP price has finally fallen below the $1.40 mark, with the nature of the breakdown being more significant 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 usually does not recover quickly and instead tends to flip, which is the current challenge.
News Background • Bitcoin's dominance has risen towards 60%, indicating a rotation out of altcoins and limiting the demand for XRP. • The multi-month triangle structure that had been constraining the price has finally been resolved, with the move breaking lower rather than triggering the anticipated upside expansion.
Price Action Summary • XRP has dropped from $1.44 to $1.39, breaking cleanly 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 emerging 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 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.