The XRP price has ultimately succumbed to the $1.40 threshold, with the nature of the breakdown being more significant than the actual price movement. This was not a gradual decline but rather a high-volume surge that cleared a level that buyers had fiercely defended for several weeks. Once such support is breached, it rarely recovers quickly and often flips, which is the scenario being tested currently.
News Background • Bitcoin's dominance has surged towards 60%, indicating a rotation away from altcoins and limiting the demand for XRP. • The multi-month triangular structure that had been compressing the price has finally resolved, with the move breaking lower instead of triggering the anticipated 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, not 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 shift is structural, with $1.40 transforming from support to resistance unless quickly reclaimed.
• The expanding volume into the breakdown confirms genuine selling pressure rather than mere positioning noise. • The triangular 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. Key Points for Traders to 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 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.