XRP experienced a notable decline of approximately 2.6%, dropping to around $1.41 after breaking below the critical $1.44 support level. This late-session sell-off was marked by a surge in volume, exceeding three times the daily average, indicating strong selling pressure. The cryptocurrency has been entrenched in a broader downtrend, characterized by lower highs since mid-2025, with recent recovery attempts consistently failing to surpass the $1.55 to $1.60 range.
Traders are closely monitoring the $1.40 support zone; a failure to hold this level could trigger further declines toward the $1.30 to $1.32 area. Conversely, if XRP stabilizes, it may consolidate and attempt to retest the $1.44 to $1.45 levels. The ongoing bearish sentiment is compounded by macroeconomic pressures, including the Federal Reserve’s policy stance, which continues to weigh heavily on the crypto market.
For market professionals, the immediate focus should be on XRP’s ability to maintain support at $1.40. A breakdown could signal deeper losses, while a successful retest of resistance levels may provide a short-term trading opportunity.
Source: coindesk.com