XRP drops 3% after failing to break $1.45 resistance

coindesk
coindesk|Mar 06, 2026 04:55
Traders are watching $1.40 support after high-volume selling confirmed continued bearish structure. What to know : XRP fell 3.3 percent to $1.4108 after another failed attempt to break above the $1.43 to $1.45 resistance zone, with a late-session drop below $1.411 confirming short-term downside momentum. Trading volume spiked 74 percent above average during the sell-off, underscoring that sellers remain in control even as spot ETFs and large on-chain wallets continue to add to XRP positions. Analysts say the $1.40 support level is now pivotal, with a hold potentially setting up a move toward $1.45 and $1.55, while a breakdown could open the way to deeper support near $1.33 and possibly $1.00.(Coindesk)
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