The The weak rebound suggests that selling pressure remains stronger than demand, keeping the token under pressure as traders look for signs of stabilization near current levels.
News context
- XRP fell alongside broader crypto weakness, but the main driver was technical, with the price losing the $1.40 level that had served as short-term support.
- The token has struggled to sustain recovery attempts since mid-March, with rallies consistently fading below the $1.55-$1.60 area.
- Spot ETF flows showed limited improvement, with modest weekly inflows of $636,000 – well below prior demand, indicating moderate institutional participation.
Price Action Summary
- XRP rose from $1.4404 to $1.3872, down approximately 3.7% over 24 hours.
- A significant move around 11:00 p.m. pushed the price to $1.4018 before support gave way.
- The price then consolidated between $1.38 and $1.42, forming a descending intraday pattern.
- An attempted late rebound towards $1.386 failed to hold, reinforcing near-term weakness.
Technical analysis
- The break below $1.40 is the key development, confirming a loss of near-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 falling volume – a typical distribution pattern.
- Attempts to reclaim $1.40-$1.41 were rejected, turning the level into immediate resistance.
- The broader trend remains bearish, with XRP still trading in a multi-month downtrend defined by lower highs since mid-2025.
What do traders think is next?
- Traders are focusing on whether the $1.38 to $1.40 area can act as support.
- If this range stabilizes, XRP could consolidate before another attempt towards $1.41 – $1.44, with a broader test near $1.55 needed to change the structure.
- A clear break below $1.38 would expose the $1.30-$1.32 area, where support is thinner and the decline could accelerate.
- For now, momentum favors sellers, with any bounce considered corrective until resistance levels are reclaimed.
