XRP price: What next as Ripple-linked token drops under $1.40
CoinDesk
XRP fell below $1.40 on high volume, indicating strong selling pressure and a shift in market control.Summary
XRP's price has dropped below the $1.40 support level on significant selling volume, suggesting sellers are in control. This breakdown occurred after a multi-month triangle pattern resolved downwards, contrary to expectations of an upside expansion. The $1.40 level, previously a support, has now become resistance. Traders are watching to see if XRP can reclaim $1.40 with volume to invalidate the breakdown; otherwise, further declines towards $1.37 and potentially $1.31 are likely. Bitcoin's dominance nearing 60% also contributes to a rotation out of altcoins like XRP.
(Source：CoinDesk)