XRP slips below $1.40 on heavy volume, tightening range puts breakout in focus

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP slips below $1.40 on heavy volume, tightening range puts breakout in focus High-volume breakdown reset positioning, but compression between $1.38–$1.44 now points to a larger move. By Shaurya Malwa May 5, 2026, 5:16 a.m. 1 min read Make preferred on What to know : XRP slipped back below $1.40 after a high-volume breakdown, then settled into a tight trading range as selling pressure eased. The token is compressing between support near $1.38 and resistance around $1.41, with no clear control by buyers or sellers. Traders are watching $1.40 as the key pivot, with a break above $1.42 signaling upside continuation and a loss of $1.38 opening room toward $1.34–$1.30. XRP slipped back under $1.40 after a high-volume break earlier in the session, but the lack of follow-through lower keeps price pinned in a tightening range where moves tend to build pressure rather than resolve it immediately. News Background • Broader crypto sentiment remained mixed, leaving XRP trading largely on technical structure rather than fresh catalysts. • The market continues to rotate around key psychological levels, with $1.40 acting as a near-term pivot for positioning. Price Action Summary • XRP fell from $1.4109 to $1.3987, breaking below $1.40 on a 103M volume spike. • Selling pushed price to $1.3865 before stabilizing into a narrow $1.3925–$1.4015 range. • A late-hour push briefly reclaimed $1.40, but price failed to hold above the level into the close. Technical Analysis • The $1.40 level flipped from support to resistance after the breakdown, shifting short-term positioning. • Volume was concentrated on the move lower, but faded during consolidation, suggesting selling pressure eased. • Price is now compressing between $1.38 support and $1.41 resistance, with neither side in control. • Momentum reset sharply during the recent drop, leaving room for expansion once direction resolves. What traders should watch • $1.40 remains the pivot. Reclaiming it shifts short-term bias back to upside. • $1.41–$1.42 is the next resistance zone that needs to break for continuation. • $1.38 is the floor. Losing it opens a move toward $1.34 and potentially $1.30. More For You Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge By Sam Reynolds | Edited by Nikhilesh De 3 hours ago Western desks are carrying the bitcoin rally alone, with Friday’s jobs report the next test. What to know : Bitcoin is repeatedly stalling just below $80,000. Onchain data shows the short-term holder realized price around $80,700 is acting as near-term resistance. Asian trading hours have been a persistent drag on bitcoin returns as Hong Kong’s spot bitcoin ETFs sit largely dormant. Meanwhile, regional capital rotates into a booming local... Read full story Latest Crypto News Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge 3 hours ago GameStop's $55.5 billion eBay takeover bid puts its $368 million bitcoin stash in the crosshairs 9 hours ago Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AI 10 hours ago Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000 11 hours ago The government should promote innovation, not punish it 12 hours ago Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7 12 hours ago Top Stories Crypto bears got it wrong again, losing $300 million in liquidations 18 hours ago U.S. voters don't trust Trump administration to oversee crypto sector, CoinDesk poll finds May 3, 2026 Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup May 2, 2026 Coinbase boosts Solana trading with DFlow integration 18 hours ago Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year May 4, 2026 Strategy raised $82 million last week but holds off on bitcoin buys ahead of earnings May 4, 2026