XRP came under renewed selling pressure after another failed rebound, sliding back toward a key support area near $1.40 as bearish momentum persists.
News Background
- XRP remains in a prolonged corrective phase following its mid-2025 peak, with rallies consistently lacking follow-through.
- The latest pullback follows a short-lived mid-March bounce that stalled below $1.60, reinforcing the ongoing pattern of lower highs.
- Broader macro conditions continue to weigh on sentiment, with crypto markets cautious after the Federal Reserve’s latest policy signals. XRP’s trend remains largely technical, with traders focused on whether support levels can hold.
Price Action Summary
- XRP declined from $1.4457 to $1.4079, a drop of about 2.6%
- The token hovered near $1.44–$1.45 before breaking lower late in the session
- Selling accelerated on a volume surge exceeding three times the daily average
- Price found temporary support near $1.40 after hitting a low around $1.4018
Technical Analysis
- The pivotal move was the break below $1.44 support late in the session, which triggered a sharp decline on elevated volume—pointing to aggressive selling.
- Short-term structure remains weak, with XRP continuing to post lower highs. Repeated failures below $1.60 keep the broader downtrend intact.
- The $1.40 level is now acting as immediate support, with some buying interest emerging after the breakdown. However, price remains below former support levels that have now turned into resistance.
- On higher timeframes, XRP continues to move within a descending channel established since mid-2025, suggesting rallies remain corrective unless key resistance levels are reclaimed.
What Traders Are Watching Next
- Traders are closely monitoring whether XRP can hold above the $1.40 support zone.
- If support holds, price may consolidate before attempting a move back toward $1.44–$1.45, with a broader push toward $1.55–$1.60 needed to shift momentum.
- A break below $1.40 would expose further downside toward the $1.30–$1.32 range, where support is weaker and buyer interest has been limited.
