XRP Drops to $1.39 After Breaking $1.40 Support as Selling Pressure Builds

XRP fell to $1.38 after breaking below the important $1.40 support level, which had held for weeks. The breakdown came on strong trading volume, showing clear selling pressure rather than a slow decline.

Once $1.40 broke, price moved quickly lower and has not reclaimed the level. Traders now see this zone flipped into resistance, meaning rallies into $1.40 are likely to face selling unless buyers regain control.

Market Structure Shifts After Range Breakdown

The move marks a clean breakdown from XRP’s recent consolidation range. The inability to bounce strongly suggests buyers are still weak, while sellers remain in control after the breakout.

Broader crypto market conditions are also weighing on XRP, with capital rotating toward larger assets like Bitcoin, reducing liquidity in altcoins.

Volume confirmation suggests the breakdown is meaningful, not noise. As long as XRP stays below $1.40, recovery attempts are expected to struggle. A reclaim of $1.40 would be needed to signal the breakdown has failed and stabilize short-term sentiment.