What next as XRP drops 3% under $1.40 on strong selling

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailWhat next as XRP drops 3% under $1.40 on strong sellingHigh-volume breakdown confirms sellers in control, with failed support turning into a key pivot as downside targets come into focus.By Shaurya Malwa Apr 28, 2026, 5:35 a.m. Make preferred on What to know: XRP has broken decisively below the key $1.40 support on high volume, turning that level into resistance unless it is quickly reclaimed.The breakdown resolves a multi-month triangle pattern to the downside, as rising Bitcoin dominance draws capital away from altcoins like XRP.As long as XRP trades below $1.40, sellers are in control, with $1.37 and then roughly $1.31 as the next important downside levels to watch.XRP finally gave way at $1.40, and the way it broke matters more than the move itself. This wasn’t a slow drift lower. It was a high-volume push that cleared a level buyers had defended for weeks. Once that kind of support goes, it usually doesn’t snap back quickly. It tends to flip, and that’s exactly the test now.News Background• Bitcoin dominance pushed toward 60%, reinforcing a rotation out of altcoins and limiting follow-through demand for XRP.• The multi-month triangle structure that had been compressing price finally resolved, with the move breaking lower instead of triggering the expected upside expansion.Price Action Summary• XRP dropped from $1.44 to $1.39, breaking cleanly through the $1.40 support zone.• The move was driven by a sharp spike in participation, not thin liquidity.• Price is now stabilizing just below the breakdown level, trading in a tight $1.39–$1.40 range.Technical Analysis• The key shift is structural. $1.40 was support, now it’s resistance unless reclaimed quickly.• Volume expanding into the breakdown confirms real selling pressure, not just positioning noise.• The triangle pattern that held price for weeks has resolved lower, removing the compression support.• Short-term bounces are showing up, but they’re reactive, not strong enough to reverse the move yet.What traders should watch• $1.40 is now the pivot. Reclaim it with volume, and the breakdown starts to look like a fakeout.• $1.37 is the next downside level. Losing that opens the path toward deeper support near $1.31.• If price keeps holding below $1.40, sellers stay in control and rallies are likely to get sold.More For YouThree Bank of Japan members call for a rate hike; yen rises while bitcoin fallsBy Omkar Godbole3 hours agoMarkets are pricing in a June rate hike after a split BoJ vote that saw three policymakers dissent in favor of a hike. Read full storyLatest Crypto News Jack Dorsey's Block nears 9,000 bitcoin in treasury after Q1 addition5 minutes agoBitmine's ether buys are catching up to Strategy's bitcoin accumulation pace1 hour agoOndo Finance adds proxy voting for holders of its $700 million tokenized equities2 hours agoThree Bank of Japan members call for a rate hike; yen rises while bitcoin falls3 hours agoBitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week high4 hours agoBitcoin pressured by Fed uncertainty, oil, and AI slowdown5 hours agoTop StoriesIndustry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack12 hours agoA long-time developer wants to split Bitcoin blockchain and reassign Satoshi coins. The community is calling it a theftApr 27, 2026Western Union eyeing stablecoin launch to settle global transactions…

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