XRP lost $1.40 and it didn’t happen quietly. The level had held for weeks, but once it gave way, the price fell rapidly and has not recovered. That change is important because when support is broken on strong volume, it usually turns into resistance, and that changes how traders position themselves around it.
News background
• Bitcoin dominance approached 60%, indicating capital shifting away from altcoins and limiting demand for XRP.
• XRP continues to relax after a long consolidation phase, with the recent move marking the first clean break below its range low.
Price Action Summary
• 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 a gradual drift.
• The price now remains just below $1.40, consolidating after the crash rather than recovering.
Technical analysis
• The structure has changed. $1.40 was support, now acts as resistance unless it recovers.
• Volume expansion during the move confirms real selling pressure, not a drop from low liquidity.
• The longer consolidation that kept prices stable has now begun to resolve to the downside.
• Short-term bounces are shallow so far, suggesting buyers are not yet stepping in strongly.
What traders should keep in mind
• $1.40 is the key level. An upward movement would indicate that the collapse failed.
• $1.37 is the next support. Losing that opens the way to $1.32-$1.28.
• As long as the price remains below $1.40, rallies are likely to face selling pressure.
