XRP slips below $1.40 after $103 million volume spike

The $1.40 mark sets the tone

After hitting an intraday high of $1.4109, XRP faced swift selling pressure, with trading volumes spiking to $103 million. This sent the price down to $1.3987, dipping below the critical $1.40 support. The downward move extended to $1.3865 before a technical rebound pulled the price into a tight range between $1.3925 and $1.4015. In late trading, a brief recovery allowed XRP to reclaim $1.40, but this level proved unsustainable as the token quickly slipped back below it.

With the drop below $1.40, this level switched from short-term support to resistance. The volume peak during the sell-off, followed by diminishing activity as prices consolidated, signaled easing selling pressure. Buyers and sellers remained evenly matched, and price activity fluctuated in a confined range between support and resistance.

Technical outlook and key ranges

XRP continues to trade in a narrow corridor between $1.38 support and $1.41 resistance, intensifying short-term price uncertainty. The currency’s next direction will become clear once the consolidation phase resolves. Analysts note that a firm move above $1.40 is essential to spark a new upward trend, and a break through the $1.41–$1.42 range could further accelerate gains. Conversely, if the $1.38 support fails, a drop toward $1.34 and potentially down to $1.30 could materialize.

Data from CryptoAppsy indicates that XRP’s decline from $1.4109 to $1.3987 was accompanied by $103 million in trading volume, highlighting the pronounced impact of large-scale transactions on intraday movements.

Market sentiment and outlook

No new developments or statements emerged regarding XRP, while overall market sentiment in the cryptocurrency sector remained mixed. As a result, XRP’s price behavior stayed tightly bound to technical areas. The recent fast-paced downward price movement dampened momentum, but the current compressing range shows that the search for direction is ongoing and hints at possible upcoming volatility.

“The $1.40 level has now emerged as a turning point. Achieving a lasting move above this threshold would reinforce the short-term upward trend, while the $1.41–$1.42 zone may soon be tested again.”

So long as XRP maintains its footing above $1.38, short-term downside risk appears limited. Should a downward break occur, however, a steeper correction could follow. If the token regains $1.40, price movements are likely to retest the upper resistance region.

In summary, XRP is searching for clearer direction in the short term. Whichever way the price exits its current narrow range will set the tone for volatility in the coming period.