What next as XRP drops 3% under $1.40 on strong selling
XRP has dropped below the key support level of $1.40, confirming strong selling pressure in the market. This breakdown follows a multi-month triangle pattern that resolved to the downside, indicating a shift in control to sellers. Traders are now watching for potential downside targets at $1.37 and $1.31 as the price stabilizes in a tight range.
- ▪XRP broke below the $1.40 support level on high volume, turning it into resistance.
- ▪The breakdown indicates that sellers are in control, with $1.37 and $1.31 as the next downside targets.
- ▪The price action was characterized by a high-volume push rather than a slow decline.
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| Canonical URL | https://www.coindesk.com/markets/2026/04/28/what-next-as-xrp-drops-3-under-usd1-40-on-strong-selling |
| Publication time | Tue, 28 Apr 2026 05:35:10 +0000 |
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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. 2 min readMake 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…
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