XRP has broken decisively below the $1.40 level, signaling a clear short-term shift in momentum toward sellers rather than a gradual pullback.

The move lower came on elevated volume, cutting through a support zone that had held for several weeks. Breakdowns of this nature often reflect active distribution, and once lost, such levels frequently turn into resistance on any recovery attempts.

Broader market dynamics added pressure, with Bitcoin dominance rising toward 60%, indicating continued capital rotation out of altcoins and weakening relative demand for XRP.

From a technical standpoint, the multi-month triangle pattern that had been compressing price action has now resolved to the downside instead of the anticipated bullish breakout. XRP dropped from $1.44 to $1.39 in a sharp move that cleanly broke the $1.40 support area on strong participation.

Price is now consolidating just below the breakdown level, trading in a tight $1.39–$1.40 range. The key structural change is that $1.40 has flipped from support into resistance unless buyers can quickly reclaim it with conviction.

The increased volume during the selloff confirms that the move was driven by genuine selling pressure rather than low-liquidity volatility. While brief rebounds are visible, they remain corrective and lack the strength to reverse the broader breakdown structure.

Looking ahead, $1.40 remains the key pivot level. A strong reclaim above it with sustained volume would weaken the bearish setup and open the door to a potential false breakdown scenario.

If weakness continues, $1.37 is the next important support, with a break below that exposing deeper downside toward $1.31.

For now, XRP remains in a bearish short-term structure while trading below $1.40, with rallies likely to encounter selling pressure rather than sustained follow-through.