XRP drops 3.7% as break below $1.40 signals renewed downside risk

Traders are watching the $1.38–$1.40 zone after repeated failures to reclaim resistance. What to know : XRP has fallen below the key $1.40 support level and remains under pressure as sellers dominate and recovery attempts falter. The token is trading in a descending channel between roughly $1.38 and $1.42, with repeated failures to reclaim $1.40–$1.41 turning that zone into near-term resistance. Traders are watching whether the $1.38–$1.40 area can hold as support, as a decisive break lower could open the way toward the thinner $1.30–$1.32 support zone.(Coindesk)