XRP falls below $1.40 as heavy selloff turns support into resistance
XRP falls below $1.40 as sell pressure accelerates, slipping to around $1.38 and staying under the long-held support. The failed hold confirms a breakdown from a prior consolidation range.
Traders are shifting attention toward Bitcoin as Bitcoin dominance nears 60%, weakening broad appetite for altcoins. The move also comes with rising trading volume, pointing to genuine selling pressure rather than thin-liquidity noise.
Key levels now guide trading. $1.40 has turned into resistance. Without a convincing reclaim of $1.40, rebounds may struggle to extend higher. The next support is around $1.37; a further loss could open the path to a deeper drop toward $1.32–$1.28.
In the short term, XRP momentum remains bearish while buyers show limited strength below $1.40. A fast and sustained return above $1.40 would help invalidate the downtrend.
Bearish
Bearish for XRP because the coin is now trading below $1.40 after a failed hold of a long-term support. The $1.40 level has flipped into resistance, which increases the probability that any rebound will be sold.
Short term, momentum looks weak: volume is rising during the breakdown, implying real participation from sellers. That combination often leads to follow-through toward the next support near $1.37 and potentially lower if it breaks.
A reclaim of $1.40 would be the clearest near-term invalidation signal. Until XRP can regain and hold above that threshold, downside risk remains elevated, especially with market rotation suggested by Bitcoin dominance approaching 60%.