XRP lost $1.40 and it didn’t happen quietly. The level had held for several weeks, but once it gave way, the price fell rapidly and has not recovered. That shift matters because when support breaks on strong volume, it usually becomes resistance, and that changes how traders position themselves around it.
News background
• Bitcoin dominance pushed towards 60%, signaling that capital is rotating away from altcoins and limiting demand for XRP.
• XRP continues to unwind after a long consolidation phase, with the recent move marking the first clean break below its range.
Summary of price action
• XRP fell from $1.40 to $1.38, breaking below a key support level that had held throughout the range.
• The move was driven by a clear increase in sales activity rather than gradual drift.
• The price is now holding just below $1.40, consolidating after the breakdown rather than bouncing back.
Technical Analysis
• The structure has changed. $1.40 was support, now it acts as resistance unless it is recovered.
• Volume expanding in the move confirms real selling pressure, not a low-liquidity decline.
• The longer consolidation that kept the price stable has now started to resolve lower.
• Short-term rebounds are shallow so far, suggesting buyers are not stepping in with strength yet.
What traders need to see
• $1.40 is the key level. A move back above it would signal that the breakdown failed.
• $1.37 is the next support. Losing it opens the way towards $1.32-$1.28.
• As long as the price remains below $1.40, rallies are likely to face selling pressure.
