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

XRP has fallen to $1.38 after failing to maintain its $1.40 support level, a decline driven by significant selling volume. Technical analysis indicates that this former support zone has now flipped into resistance, suggesting a bearish shift in market structure. Traders are closely monitoring the $1.40 level as a pivot point; reclaiming it would invalidate the breakdown, while a failure to hold current levels could see the price testing further support zones at $1.37 and potentially down to $1.28. The broader market environment, characterized by rising Bitcoin dominance and capital rotation away from altcoins, continues to limit buying interest for XRP.

(Source：CoinDesk)