coindesk.com
$XRP slipped lower after another failed recovery attempt, with high-volume selling pushing the token back toward key support near $1.40.
News Background
- $XRP remains stuck in a broader corrective phase that has persisted since its mid-2025 peak, with rallies consistently failing to build follow-through.
- The latest pullback comes after a brief mid-March rebound stalled below $1.60, reinforcing the pattern of lower highs that has defined price action in recent months.
- Macro conditions continue to weigh on sentiment, with crypto markets trading cautiously following the Federal Reserve’s latest policy stance. $XRP’s structure remains largely technical, with traders focused on whether the token can stabilize or continue drifting lower within its established range.
Price Action Summary
- $XRP fell from $1.4457 to $1.4079, down roughly 2.6%
- Price traded near $1.44–$1.45 before breaking down late in the session
- Selling accelerated on a volume spike more than 3x the daily average
- The token stabilized near $1.40 after setting a low around $1.4018
Technical Analysis
- The key move was the late-session break below $1.44 support, which triggered a sharp drop on elevated volume — a sign of active selling rather than passive drift.
- Short-term structure remains weak. $XRP continues to form lower highs, and recent recovery attempts have stalled below $1.60, keeping the broader downtrend intact.
- The $1.40 area is now acting as immediate support, with buyers stepping in after the breakdown. A minor bounce has formed, but price remains below prior support levels that have now turned into resistance.
- On higher timeframes, $XRP is still trading within a descending channel that has guided price since mid-2025, reinforcing the idea that rallies are corrective unless key resistance levels are reclaimed.
What traders say is next?
- Traders are focused on whether $XRP can hold above $1.40.
- If support stabilizes, the token may consolidate before attempting another move toward $1.44–$1.45, with a broader test near $1.55–$1.60 needed to shift momentum.
- If $1.40 breaks, downside risk opens toward the $1.30–$1.32 zone, where weaker support lies and previous moves have lacked strong buyer interest.