CoinDesk
XRP has dropped roughly 3%, slipping under the $1.40 mark amid sustained selling pressure. The move puts the token at a technically significant level, with $1.40 having acted as near-term support in recent sessions.
Broad market sentiment appears to be weighing on the asset, though no single catalyst has been identified. Traders will be watching whether buyers step in to defend current levels or whether the selling extends further down the range.
Frequently asked questions
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What does the drop below $1.40 mean for XRP's future price movements?
The drop below $1.40 is significant as it was a near-term support level, indicating potential further declines if buyers do not intervene.
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Are there any specific reasons for the sustained selling pressure on XRP?
The body notes that broad market sentiment is affecting XRP, but no single catalyst for the selling pressure has been identified.
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