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

📰 CoinDesk


📉 Bearish

AI Summary

XRP has broken below the critical $1.40 support level and dropped to $1.38 amid heavy selling pressure. The high-volume breakdown has turned the former support level into resistance, creating a bearish technical setup.

Market Impact

This XRP weakness could spill over into broader crypto sentiment and put pressure on BTC, especially if it signals a broader altcoin selloff. Risk-off behavior in major altcoins often leads traders to either exit crypto entirely or rotate back to BTC as a relative safe haven.

💡 Trader Note: Watch for potential altcoin contagion affecting BTC momentum and monitor if institutional flows rotate from alts back to BTC or exit crypto entirely.