XRP extended its losses after another unsuccessful recovery attempt, with intensified selling pressure pushing the token back toward a crucial support zone near $1.40.
News Background
- XRP remains in a broader corrective trend that has persisted since its mid-2025 peak, with rallies repeatedly failing to gain traction.
- The latest decline follows a brief mid-March bounce that stalled below $1.60, reinforcing the ongoing pattern of lower highs.
- Macro uncertainty continues to weigh on sentiment, as crypto markets remain cautious following the Federal Reserve’s latest policy stance. XRP’s price action is largely technical, with traders focused on key levels for direction.
Price Action Summary
- XRP dropped from $1.4457 to $1.4079, marking a decline of roughly 2.6%
- Price traded around $1.44–$1.45 before breaking down late in the session
- Selling pressure accelerated on a volume spike exceeding three times the daily average
- The token stabilized near $1.40 after hitting a low of approximately $1.4018
Technical Analysis
- The decisive move came with the breakdown below $1.44 support late in the session, triggering a sharp sell-off on elevated volume—indicating strong selling activity.
- Short-term structure remains weak, with XRP continuing to form lower highs. Repeated rejections below $1.60 keep the broader downtrend intact.
- The $1.40 level is now acting as immediate support, with buyers stepping in after the drop. However, price remains below former support zones that have turned into resistance.
- On higher timeframes, XRP continues to trade within a descending channel that has guided price action since mid-2025, suggesting rallies remain corrective unless key resistance levels are reclaimed.
What Traders Are Watching Next
- Market participants are closely watching whether XRP can hold above the $1.40 level.
- If support holds, price may consolidate before attempting another move toward $1.44–$1.45, with a broader push toward $1.55–$1.60 needed to shift momentum.
- A breakdown below $1.40 would expose further downside toward the $1.30–$1.32 range, where support is weaker and prior buying interest has been limited
