XRP lost $1.40, and it didn’t happen quietly. The level held for weeks, but once it gave way, the price quickly fell and did not regain it. This change is important because when support breaks on significant volume, it typically turns into resistance, which changes how traders position around it.
News context
• Bitcoin dominance has reached 60%, indicating that capital is moving away from altcoins and limiting demand for XRP.
• XRP continues to ease after a long consolidation phase, with the recent move marking the first clear break below its range floor.
Price Action Summary
• XRP rose from $1.40 to $1.38, breaking below a key support level that had held throughout the range.
• This movement is explained by a clear increase in sales activities rather than by a gradual drift.
• Price is now holding just below $1.40, consolidating after the breakout instead of rebounding.
Technical analysis
• The structure has changed. $1.40 was support, it now acts as resistance unless recovered.
• The increase in volume during the movement confirms real selling pressure, not a decline in low liquidity.
• The prolonged consolidation that kept prices stable has now begun to resolve downward.
• Short-term rebounds have been shallow so far, suggesting buyers are not yet stepping in forcefully.
What traders should watch out for
• $1.40 is the key level. A return above would signal the failure of the breakdown.
• $1.37 is the next support. Losing this opens the way to $1.32 – $1.28.
• As long as the price remains below $1.40, rallies will likely face selling pressure.
