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XRP fell 3% following failed attempts to break above the $1.45 resistance level, with high-volume selling confirming bearish momentum. Traders are now monitoring the $1.40 support level, as continued weakness could trigger further declines. The failure to hold above $1.45 has reinforced a bearish technical structure, with key Fibonacci retracement levels and moving averages acting as psychological barriers. This development is significant for crypto traders as XRP remains one of the top 10 cryptocurrencies by market cap. A breakdown below $1.40 could accelerate selling pressure, especially with broader market volatility persisting. Investors are also watching for potential cross-asset correlations, as Bitcoin's recent consolidation near $60,000 might influence risk appetite for altcoins like XRP. For MENA investors, the $1.40 level will be critical in determining short-term direction. A sustained break below this support could target $1.30, while a rebound above $1.45 would signal renewed bullish momentum. Traders should also monitor on-chain metrics like active addresses and exchange outflows to gauge market sentiment shifts.
