XRP Breaks $1.40: Supports Weakened
XRP/USDT
$837,469,062.55
$1.3973 / $1.3677
Change: $0.0296 (2.16%)
+0.0008%
Longs pay
Contents
XRP broke below the 1.40 dollar level it had resisted for weeks amid a high-volume selling wave, then slid down and settled at 1.38 dollars. This breakdown didn't happen quietly; the price dropped rapidly and failed to recapture its former support. The level that served as support has now turned into resistance, fundamentally changing traders' strategies. As selling pressure solidified with volume, market positions reshaped.
Why Did XRP's Price Break Below 1.40 Dollars?
Bitcoin dominance approaching 60% is causing capital to flow away from altcoins, limiting XRP demand. After a long consolidation period, the price clearly broke below the range's bottom. The sudden surge in selling activity signals a strong push rather than a slow drift. Although the current price has recovered to 1.40 dollars, the 24-hour change remained limited at +0.04%. This shows that buyers haven't gained full control yet. Check here for detailed XRP analysis.
What Do RSI and Supertrend Indicators Say for XRP?
RSI is hovering in the neutral zone at the 48.92 level, while Supertrend gives a bearish signal. EMA 20 (1.4036 dollars) is functioning as resistance. Although the trend continues sideways, selling pressure dominates. This combination is making short-term traders cautious; additional tests are expected before momentum shifts to buyers.
XRP Support and Resistance Levels Table
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Strong) | 1.3922$ | 62/100 ⭐ | -0.18% | Ichimoku Kijun, SMA 50, Pivot |
| S2 (Medium) | 1.2157$ | 57/100 | -12.83% | Fibo 0.114, POC, Ichimoku |
| R1 (Strong) | 1.4038$ | 73/100 ⭐ | +0.65% | Prev Day High, EMA 20, Ichimoku |
| R2 (Strong) | 1.6571$ | 69/100 ⭐ | +18.81% | Fibo 0.618, HVN |
The 1.40 dollar line is decisive; if it reclaims it, the breakdown is invalidated. If the levels below weaken, the risk of a deep correction increases.
Bitcoin Dominance's Pressure on XRP
BTC dominance is affecting XRP by blocking altcoin rotation. As capital shifts to BTC, XRP volume is declining. BTC futures data confirms this trend.
Strategy Recommendations for XRP Traders
- Short Term: Watch the 1.3922$ support; if broken, short positions strengthen.
- Long Term: Long entry on close above 1.40$, stop-loss below S1.
- Risk: If high-volume selling continues, slide to S2 (1.21$) possible.
The market is full of selling pressure; traders should weigh the opportunity-risk balance with XRP spot analysis.