XRP fell below the $1.40 level after a sharp wave of selling and is still struggling to recover, with buyers unable to push prices significantly higher. The weak bounce suggests selling pressure remains stronger than demand, keeping the token under pressure as traders look for signs of stabilization near current levels.
News background
- XRP moved lower alongside broader crypto weakness, but the key driver was technical, with the price shedding the $1.40 level that had served as near-term support.
- The token has struggled to maintain recovery attempts since mid-March, with rallies consistently fading below the $1.55-$1.60 range.
- Spot ETF flows showed limited improvement with a modest $636,000 in weekly inflows – well below previous demand, pointing to muted institutional participation.
Summary of price action
- XRP fell from $1.4404 to $1.3872, down about 3.7% over 24 hours.
- A movement in high volume near 23:00 pushed the price to $1.4018 before support gave way.
- The price then consolidated between $1.38 and $1.42, forming a bearish intraday structure.
- A late rejection attempt at $1,386 failed, reinforcing near-term weakness.
Technical Analysis
- The break below $1.40 is the key development, confirming a loss of short-term structure and shifting momentum back towards the sellers.
- The price is now trading in a descending channel between around $1.38 and $1.42, with lower highs forming on decreasing volume – a typical distribution pattern.
- Attempts to recover $1.40-$1.41 have been rebuffed, turning the level into immediate resistance.
- The broader trend remains bearish, with XRP still trading within a multi-month downtrend defined by lower highs since mid-2025.
What do traders say is next?
- Traders are focused on whether the $1.38-$1.40 zone can hold as support.
- If this range stabilizes, XRP could consolidate before another attempt towards $1.41-$1.44, with a wider test near $1.55 needed to change structure.
- A clean break below $1.38 would reveal the $1.30-$1.32 zone, where support is thinner and downside could accelerate.
- So far, momentum favors sellers, with any pullback considered corrective until resistance levels are recovered.
