XRP price remains under pressure after slipping below a key support level, with the recent drop signaling a shift back in favor of the bears. The token declined nearly 4% over the past 24 hours and is now trading around the $1.38–$1.39 range as recovery attempts continue to weaken.
The latest move follows a decisive breakdown below the $1.40 support zone, which had been acting as a short-term floor. Once this level gave way, selling pressure intensified, preventing any meaningful rebound and keeping XRP within a lower trading range.
Weak Recovery Signals Fading Demand
Despite multiple bounce attempts, XRP has struggled to regain momentum. Recent upside moves have consistently been capped below the $1.55–$1.60 resistance zone, indicating that buyers remain hesitant while sellers continue to dominate near higher levels.
The lack of strong institutional participation further adds to the cautious sentiment. Recent inflows remain limited, suggesting that broader market confidence has yet to return in a meaningful way.
Price Structure Turns Bearish
From a technical perspective, XRP is now forming a descending intraday structure, with lower highs developing as price consolidates between $1.38 and $1.42. This pattern typically reflects ongoing distribution, where selling pressure gradually outweighs demand.
The breakdown below $1.40 has also flipped this level into immediate resistance. Until XRP reclaims this zone, the short-term bias is likely to remain tilted toward the downside.
Key Levels to Watch
- Immediate Resistance: $1.40 → $1.42
- Major Resistance: $1.55–$1.60
- Immediate Support: $1.38
- Next Downside Zone: $1.30–$1.32
What Could Happen Next?
If the XRP price manages to stabilize above the $1.38 support, the price may enter a consolidation phase before attempting another move toward the $1.40–$1.44 range. However, reclaiming higher levels will be crucial to shift momentum back in favor of the bulls.
On the downside, a confirmed break below $1.38 could accelerate selling pressure, exposing the $1.30 region, where support appears relatively weaker. For now, XRP remains in a corrective phase, with any short-term bounce likely to face resistance unless key levels are decisively reclaimed.
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