XRP Plunges Below $1.40 on Heavy Volume, Eyeing Breakout

<a href="https://jpygbp.com/xrp-usd/">XRP</a> slips below $1.40 on heavy volume, tightening range puts breakout in focusMarkets

What to know:

XRP slipped back below $1.40 after a high-volume breakdown, then settled into a tight trading range as selling pressure eased.
The token is compressing between support near $1.38 and resistance around $1.41, with no clear control by buyers or sellers.
Traders are watching $1.40 as the key pivot, with a break above $1.42 signaling upside continuation and a loss of $1.38 opening room toward $1.34–$1.30.

XRP briefly rose with strong trading activity but then fell below $1.40. However, it hasn’t dropped much further, and is now trading in a narrow range. This often means price will build up energy before making a bigger move, rather than resolving the situation quickly.

News Background

Overall feelings about cryptocurrency were uncertain, so XRP’s price movements were mainly driven by trading patterns and technical analysis, rather than any new developments.

As I’ve been observing the market, it’s been fluctuating around certain price points. Right now, $1.40 seems to be a crucial level – traders are really using it to decide where to buy or sell, making it a key turning point in the short term.

Price Action Summary

XRP’s price dropped from $1.4109 to $1.3987, falling below $1.40 with a significant increase in trading volume (103 million). Selling pressure continued to push the price down to $1.3865 before it settled into a tight range between $1.3925 and $1.4015. Although there was a brief attempt to regain $1.40 late in the day, the price couldn’t stay above that level at the close.

Technical Analysis

The price recently fell below $1.40, which now acts as a ceiling instead of a floor, causing traders to adjust their strategies. While the initial drop saw strong selling, that pressure decreased as the price stabilized. Now, the price is fluctuating between support at $1.38 and resistance at $1.41, with no clear trend established. The recent price decline has relieved some downward momentum, meaning the price could move significantly in either direction once a clear trend emerges.

What traders should watch

The price of $1.40 is a key level. If the price goes above $1.40, it suggests a short-term upward trend. The next hurdle for continued gains is between $1.41 and $1.42. On the downside, $1.38 is strong support. If the price falls below $1.38, it could drop to $1.34 or even $1.30.

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