The XRP price has finally breached the $1.40 threshold, with the nature of the breakdown being more significant than the move itself. This was not a gradual decline, but rather a high-volume push that cleared a level that buyers had defended for weeks.
Once such support is lost, it typically does not rebound quickly, instead, it tends to reverse, which is the current test. Background News • Bitcoin's dominance has approached 60%, indicating a rotation out of altcoins and limiting the demand for XRP. • The multi-month triangular structure that had been compressing prices has finally resolved, with the move breaking lower instead of triggering the expected 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 spike 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 shift is structural, with $1.40 transforming from support to resistance unless reclaimed quickly. • The expansion of volume into the breakdown confirms genuine selling pressure, rather than just positioning noise.
• The triangular 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. Key Points for Traders to Watch • $1.40 is now the pivot point.
If it is reclaimed with volume, the breakdown may appear as a fakeout. • $1.37 is the next downside level. Losing that opens 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.