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XRP falls 3.7% below $1.40, signaling renewed downside risk amid weak recovery attempts

Technical Signals
23 Mar 2026
Coindesk
View Source
Bearish
pluang ai news

XRP dropped 3.7% to below the key $1.40 support level, trading in a descending channel between $1.38 and $1.42. Repeated failures to reclaim the $1.40–$1.41 zone have turned it into resistance, indicating sellers dominate the market. Traders are watching if the $1.38–$1.40 support holds; a break below could lead to a further drop toward $1.30–$1.32. The broader trend remains bearish, with XRP still in a multi-month downtrend since mid-2025, and institutional interest remains subdued based on limited ETF inflows.

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