XRP fall kam nau $1.40 as heavy selloff turn support to resistance
XRP don drop under $1.40 as sell pressure dey quicken, e slide reach about $1.38 and e still dey under the long-time support. The failed hold confirm say e breakdown from earlier consolidation range.
Traders don dey shift eye go Bitcoin as Bitcoin dominance near 60%, wey dey weaken general appetite for altcoins. The move come with rising trading volume, showing say na real selling pressure no be small liquidity noise.
Key levels dey guide trading now. $1.40 don turn to resistance. If e no reclaim $1.40 convincingly, rebounds fit struggle to go higher. Next support dey around $1.37; if dem lose further, e fit open road to deeper drop toward $1.32–$1.28.
For short term, XRP momentum still bearish while buyers no get strong force under $1.40. Quick and sustained return above $1.40 fit help cancel the downtrend.
Bearish
Bearish for XRP as coin dey trade below $1.40 after e fail to hold long-term support. The $1.40 level don flip to resistance, wey increase chance say any rebound go get sold.
Short term, momentum dey weak: volume dey rise during the breakdown, meaning say sellers really dey participate. That combination often lead to follow-through toward the next support near $1.37 and fit drop further if e break.
If $1.40 get reclaim e go be the clearest near-term invalidation signal. Until XRP fit regain and hold above that threshold, downside risk still high, especially as market rotation dey suggested by Bitcoin dominance wey near 60%.