XRP failed its breakout and has slipped below $1.40. How much lower can sellers push the price?
Ripple (XRP) Price Analysis and Outlook
Key support levels: $1.20, $1.00
Key resistance levels: $1.40, $1.60, $2.00
Breakout Failure and Reversal
XRP initially broke above the blue pennant pattern, sparking a bullish move and renewed optimism among buyers. Since that attempt, however, the price fell back into the pennant and then decisively broke below the important $1.40 level.
This sequence looks like a failed breakout—often called a bullish trap—followed by a full reversal that hands control to sellers. While $1.40 remains resistance, the path of least resistance is downward, with $1.20 and $1.00 as the next meaningful targets for bears.
Sellers Regain Control
With XRP unable to sustain levels above $1.40, the short-term trend has turned bearish and sellers currently have the upper hand. The move below $1.40 was backed by rising sell volume, which supports the credibility of the decline.
If price drops beneath the lower boundary of the pennant, XRP is likely to make new lows and may have difficulty absorbing further selling pressure. Buyers may try to defend the $1.20 area; if that support fails, the next major floor to watch is $1.00.
MACD Signals Weakness
During the earlier rally, the MACD histogram formed lower highs even as price moved higher—an early bearish divergence that suggested buyers lacked momentum to sustain the uptrend.
That vulnerability has been exposed now that price failed to hold above $1.40. The MACD lines are turning downward and look poised to form a bearish crossover, which would reinforce downward pressure and could keep XRP in a corrective phase for an extended period.