XRP finally caved to $1.40 and the way it broke matters more than the move itself. This was not a slow drift lower. It was a high push that cleared a level buyers had defended for weeks. Once that kind of support goes away, it usually doesn’t go back quickly. It tends to reverse, and that is precisely the test now.
News background
• Bitcoin dominance pushed towards 60%, reinforcing a rotation out of altcoins and limiting demand for XRP.
• The multi-month triangle structure that had compressed the price was finally resolved, with the move breaking down instead of triggering the expected upward expansion.
Summary of price action
• XRP fell 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 range of $1.39-$1.40.
Technical Analysis
• The key change is structural. $1.40 was support, now it is resistance unless it is recovered quickly.
• Volume extending to the breakdown confirms real selling pressure, not just positioning noise.
• The triangle pattern that held the price for weeks is loosely lower, removing the compression support.
• Short-term rejections are emerging, but they are reactive, not strong enough to reverse the move yet.
What traders need to see
• $1.40 is now the pivot. Back it up with volume and the breakdown starts to look like a fake.
• $1.37 is the next downside level. Losing it opens the way towards deeper support near $1.31.
• If the price continues to stay below $1.40, the sellers remain in control and rallies are likely to be sold.
