XRP declined sharply after breaking below the critical $1.40 support level, reinforcing bearish sentiment as sellers continued to dominate short-term trading. The token dropped from $1.4404 to $1.3872, marking a decline of about 3.7% within 24 hours.
The move followed a high-volume selling wave that briefly pushed the price to $1.4018 before support failed. Since then, XRP has struggled to stage a meaningful recovery, with weak bounce attempts indicating that selling pressure remains stronger than buying demand.
Resistance Builds as Descending Channel Forms
XRP is currently trading within a descending channel between approximately $1.38 and $1.42. Multiple attempts to reclaim the $1.40–$1.41 range have failed, turning that area into immediate resistance. The token has also faced repeated rejection below the broader resistance zone between $1.55 and $1.60 since mid-March, preventing sustained recovery.
Market activity has also reflected reduced institutional demand, with weekly spot ETF inflows totaling only about $636,000, significantly lower than previous periods of stronger participation.
Key Support Levels Traders Are Watching
Traders are closely monitoring whether the $1.38–$1.40 range can hold as support. Stabilization in this zone could allow XRP to consolidate before attempting another move toward the $1.41–$1.44 range. However, a decisive break below $1.38 may expose the thinner support area between $1.30 and $1.32, where downside pressure could accelerate further.
For now, XRP remains within a broader multi-month downtrend marked by consistent lower highs since mid-2025, keeping overall momentum tilted in favor of sellers.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.