In XRP news, Ripple’s native token is trading at $1.38, down roughly 1.4% after breaking below a support level that had held for weeks. The question isn’t whether selling pressure is real. It clearly is. The question is whether $1.40 becomes a ceiling that traps price lower, or a level buyers can reclaim before the damage compounds.
No major news catalyst triggered this move, no partnership collapse, no regulatory shock, no Ripple-specific headline. The breakdown was technical and driven by order flow, with Bitcoin dominance pushing toward 60% and pulling capital away from altcoins, including XRP. That macro backdrop matters because it limits the natural buyers who might otherwise step in.
It comes as the broader crypto market is up +1.5% on the day, with the total crypto market cap hitting $2.67 trillion as participants await the outcome of today’s FOMC meetings.
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XRP News: Can XRP USD Reclaim $1.40 Before the Next Support Breaks?
Here’s the uncomfortable truth about this breakdown: the level that protected XRP for weeks is now working against it. When a support level breaks on strong volume, meaning a real surge of sellers, not just a quiet drift lower, it tends to flip into resistance.
Traders who bought near $1.40 are now sitting at a loss, and many will sell the moment the price returns there to break even. That creates a wall of sell orders right at the level buyers need to clear.
Another part of the latest XRP news is trading volume, which confirms that this move wasn’t an accident. Over 1.1Bn XRP tokens were previously acquired above $1.40, according to on-chain data, creating a dense cluster of holders who are now underwater.
MEXC data shows the RSI at 37.25, not yet oversold but leaning that way, while the MACD line has crossed below its signal line, a bearish momentum signal. Shallow rebounds after the breakdown suggest buyers aren’t showing up in size yet.
The next support levels are clear: $1.37 is the immediate line to watch, and if that gives way, the $1.32–$1.28 zone becomes the next logical destination. That lower zone also aligns with where XRP found a floor during the volatility earlier in April. Recent commentary from Ripple leadership has been measured rather than bullish, which hasn’t helped sentiment here.
I won't lie. Watching $XRP sit between $1.10 and $2.40 for four straight months tests you.
It tests your conviction. Your patience. Your belief in everything you've researched.
You see the ETFs launch.
— X Finance Bull (@Xfinancebull) April 28, 2026
Here’s what traders are watching now:
- Bull case: XRP reclaims $1.40 on strong volume, confirming the breakdown failed. A clean close above the 50% Fibonacci retracement at $1.4170 opens a recovery toward the $1.42–$1.47 range.
- Base case: XRP consolidates in the $1.37–$1.40 band for several days with no conviction in either direction, waiting for a macro catalyst or a shift in Bitcoin dominance to resolve the indecision.
- Bear case: $1.37 fails to hold, opening downside toward the $1.32–$1.28 zone. Analysts flagged by FXLeaders warn that seller dominance remains intact until buyers reclaim $1.40 with visible volume behind them.
It’s also worth noting that XRP has longer-term development momentum at work in the background; the XRP Ledger’s post-quantum security preparations signal that Ripple is building for longevity. Fundamentals don’t fix a short-term technical breakdown, but they matter for anyone thinking beyond the next support level.
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The post XRP News: Slips Below $1.40 as Selling Pressure Builds Ahead of FOMC appeared first on 99Bitcoins.
