April 29, 2026

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XRP slides 3% under the $1.40 mark as selling intensifies—what lies ahead?

XRP has fallen decisively below the $1.40 level, marking a clear shift in short-term control toward sellers rather than a gradual downside move.

The breakdown occurred on elevated volume, slicing through a support zone that had held for weeks. Such moves typically indicate active distribution, and once a level like this is lost, it often flips into resistance on any recovery attempt.

Broader market conditions also contributed, with Bitcoin dominance pushing toward 60%, signaling ongoing rotation out of altcoins and reducing demand support for XRP.

Technically, the multi-month triangle that had been compressing price action has resolved to the downside instead of the expected bullish breakout. XRP dropped from $1.44 to $1.39 in a sharp move that cleanly broke the $1.40 support level on strong participation.

Price is now stabilizing just beneath the breakdown zone, trading in a narrow $1.39–$1.40 range. The key structural change is that $1.40 has shifted from support into resistance unless buyers can reclaim it quickly and convincingly.

The rise in volume during the decline confirms that selling pressure was genuine and not driven by thin liquidity. While short-term rebounds are appearing, they remain corrective and have not shown enough strength to reverse the broader breakdown.

Going forward, $1.40 is the critical pivot. A strong move back above it with sustained volume would weaken the bearish structure and raise the possibility of a failed breakdown.

If downside pressure continues, $1.37 becomes the next support level to watch, with a break below that opening the path toward $1.31.

For now, as long as XRP remains below $1.40, sellers maintain control, and any rallies are likely to be met with renewed supply rather than sustained upside momentum.

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