XRP Falls Below $1.40 as Profit-Taking Slows Recent Rally

XRP moved lower on May 18 after traders locked in profits, pushing the token back below the $1.40 level following another unsuccessful breakout attempt. The digital asset briefly climbed toward $1.42 before strong selling pressure erased gains and pulled prices lower during high trading activity.

XRP technical pattern signals growing breakout pressure

During the latest 24-hour trading session, XRP declined from $1.4138 to $1.3765. The sharpest drop occurred late on May 17, when heavy trading volume accelerated selling and dragged the token close to $1.378. Buyers later returned near the $1.38 level, helping XRP recover part of its losses before the session ended.

Market analysts continue to watch XRP’s long-term symmetrical triangle pattern, which has compressed price movement for months. The recent rejection near $1.42 reinforced resistance at the upper end of the range, while support around $1.38 remains important for short-term stability.

If XRP falls below support, traders could see a move toward $1.30. However, reclaiming the $1.39 to $1.40 range may improve momentum and reduce downside pressure in the near term.