XRP drops 3% after slipping below $1.44 as Bitcoin weakness limits rebound

XRP moved lower after another failed rebound attempt, with heavy selling pressure dragging the token back toward a key support zone near $1.40.

News Background

• XRP remains locked in a broader corrective trend that began after its mid-2025 peak, with rallies repeatedly failing to gain traction.
• The latest decline follows a short-lived mid-March bounce that stalled below $1.60, reinforcing a pattern of lower highs that has dominated recent price action.
• Macro conditions continue to weigh on sentiment, with crypto markets trading cautiously in the wake of the Federal Reserve’s latest policy signals. XRP’s current structure remains largely technical, with traders watching for either stabilization or further downside within its established range.

Price Action Summary

• XRP declined from $1.4457 to $1.4079, marking a drop of about 2.6%
• The token hovered around $1.44–$1.45 before breaking lower late in the session
• Selling intensified alongside a volume spike exceeding three times the daily average
• Price found temporary footing near $1.40 after hitting a low around $1.4018

Technical Analysis

• The decisive move came with the late-session break below $1.44 support, which triggered accelerated selling on elevated volume—pointing to active distribution rather than a gradual pullback.
• Short-term structure remains weak, with XRP continuing to form lower highs. Recent recovery attempts have consistently failed below $1.60, keeping the broader downtrend intact.
• The $1.40 level is now acting as immediate support, where buyers have stepped in following the breakdown. A modest bounce has emerged, but price remains below former support zones that have now turned into resistance.
• On higher timeframes, XRP continues to trade within a descending channel in place since mid-2025, reinforcing the view that rallies are corrective unless key resistance levels are reclaimed.

What Traders Are Watching Next

• Market participants are closely monitoring whether XRP can hold above the $1.40 support zone.
• A successful hold could lead to consolidation, followed by another attempt to reclaim $1.44–$1.45, with a broader move toward $1.55–$1.60 needed to signal a shift in momentum.
• A breakdown below $1.40, however, would expose further downside toward the $1.30–$1.32 range, where support is weaker and prior buying interest has been limited.