XRP fell below the $1.40 level after a sharp sell-off and is still struggling to recover as buyers are unable to push prices up significantly. The weak bounce suggests that selling pressure remains stronger than demand, keeping the token under pressure as traders look for signs of stabilization near current levels.
News background
- XRP fell alongside broader crypto weakness, but the key factor was technical, with the price losing the $1.40 level that had acted as short-term support.
- The token has struggled to sustain recovery attempts since mid-March, with rallies consistently fading below the $1.55 to $1.60 area.
- ETF spot flows showed limited improvement, with a modest weekly inflows of $636,000, well below previous demand, pointing to moderate institutional participation.
Price Action Summary
- XRP fell from $1.4404 to $1.3872, down about 3.7% in 24 hours.
- A large volume move 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 descending intraday structure.
- A late rebound attempt towards $1,386 failed to hold, reinforcing short-term weakness.
Technical analysis
- The break below $1.40 is the key development, confirming a loss of short-term structure and a shift in momentum towards sellers.
- The price is now trading in a descending channel between approximately $1.38 and $1.42, with lower highs forming as volume decreases, a typical distribution pattern.
- Attempts to recover between $1.40 and $1.41 have been rejected, 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 will be next?
- Traders are focusing on whether the area between $1.38 and $1.40 can hold as support.
- If this range stabilizes, XRP may 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 zone between $1.30 and $1.32, where support is thinner and the decline could accelerate.
- For now, momentum favors sellers, and any bounce is considered corrective until resistance levels are recovered.
