The price of XRP has extended its recent decline, decisively breaking below the psychologically important $1.40 support level. The token is now trading below $1.40 and the 100-hour Simple Moving Average, having formed a low near $1.3713. This move occurred amidst broader cryptocurrency market weakness, with XRP mirroring declines seen in Bitcoin and Ethereum.
Technical indicators are painting a bearish picture. A major bearish trend line is forming with resistance at $1.4120 on the hourly XRP/USD chart. The Hourly MACD is gaining pace in the bearish zone, and the RSI is below the 50 level, indicating weakening momentum. The immediate trading range has compressed into a descending channel between roughly $1.38 and $1.42, with lower highs forming on declining volume—a pattern often associated with distribution.
The break below $1.40 is a key technical development, confirming a loss of short-term structure and shifting momentum back toward sellers. This level has now turned into immediate resistance, with attempts to reclaim the $1.40–$1.41 zone being rejected. The next major resistance sits at $1.4250, which aligns with the 50% Fib retracement level of the recent downward move from a $1.4820 swing high.
On the downside, initial support is near $1.380, followed by a more critical level at $1.3750. A clean break and close below $1.3750 could open the door for a deeper decline toward $1.3620 and potentially the $1.30–$1.32 zone, where support is considered thinner. The broader trend remains bearish, defined by a series of lower highs since mid-2025, with the token struggling to sustain recovery attempts above the $1.55–$1.60 area.
Market sentiment is further dampened by subdued institutional interest, as evidenced by spot ETF flows showing only a modest $636K in weekly inflows, far below earlier demand levels. Traders are now watching to see if the $1.38–$1.40 zone can stabilize to prevent a more significant sell-off.
