XRP falls to $1.38 after breaking below $1.40 on rising selling pressure

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP falls to $1.38 after breaking below $1.40 on rising selling pressure High-volume move flips support into resistance, leaving price stuck at a key decision level. By Shaurya Malwa Apr 29, 2026, 4:52 a.m. Make preferred on What to know : XRP has broken below the long-held $1.40 support level on strong selling volume, turning that price area into resistance. The token is now consolidating just under $1.40 after a sharp drop from $1.40 to $1.38, with only shallow rebound attempts so far. Traders are watching $1.40 as the key level to reclaim and $1.37 as the next support, with a break lower opening room toward the $1.32–$1.28 zone. XRP lost $1.40, and it didn’t happen quietly. The level had held for weeks, but once it gave way, price slipped quickly and hasn’t recovered it. That shift matters because when support breaks on strong volume, it usually turns into resistance, and that changes how traders position around it. News Background • Bitcoin dominance pushed toward 60%, signaling capital rotating away from altcoins and limiting demand for XRP. • XRP continues to unwind after a long consolidation phase, with the recent move marking the first clean break below its range floor. Price Action Summary • XRP dropped from $1.40 to $1.38, breaking below a key support level that had held through the range. • The move was driven by a clear spike in selling activity rather than gradual drift. • Price is now holding just below $1.40, consolidating after the breakdown instead of bouncing back. Technical Analysis • The structure has shifted. $1.40 was support, now it acts as resistance unless reclaimed. • Volume expanding into the move confirms real selling pressure, not a low-liquidity drop. • The longer consolidation that kept price stable has now started to resolve lower. • Short-term rebounds are shallow so far, which suggests buyers are not stepping in with strength yet. What traders should watch • $1.40 is the key level. A move back above it would signal the breakdown failed. • $1.37 is the next support. Losing that opens the path toward $1.32-$1.28. • As long as price stays below $1.40, rallies are likely to face selling pressure. More For You Bitcoin rises to $77,000 ahead of Fed decision as Trump preps for lengthy Hormuz block By Shaurya Malwa | Edited by Sam Reynolds 25 minutes ago Bitcoin is sitting almost still while the rest of the majors give back gains and oil pushes above $111 on reports of an extended U.S. naval blockade against Iran. What to know : Bitcoin is trading in a tight range just below $77,000 despite surging oil prices and geopolitical tensions over a potential extended U.S. naval blockade of the Strait of Hormuz. Major altcoins including ether, XRP, Solana and BNB have fallen over the past week while dogecoin is the only top-10 non-stablecoin... Read full story Latest Crypto News Bitcoin rises to $77,000 ahead of Fed decision as Trump preps for lengthy Hormuz block 25 minutes ago Institutional money is coming for bitcoin, but Adam Back says it moves slower than you think 53 minutes ago Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue 8 hours ago Paul Tudor Jones calls bitcoin the 'best inflation hedge,' warns of overvalued stocks 8 hours ago CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority 10 hours ago World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading 11 hours ago Top Stories 'Crypto Godfather' says bitcoin has not reached its bottom and a new all-time high is off the table for 2026 13 hours ago Bitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week high 23 hours ago Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack Apr 27, 2026 CFTC's AI will review U.S. crypto registration applications, chairman tells CoinDesk 15 hours ago Jack Dorsey's Block nears 9,000 bitcoin in treasury after Q1 addition 18 hours ago Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace 20 hours ago