XRP Breaks Below $1.40 Support: Bearish Breakdown or Buy the Dip?

Quick overview

XRP has dropped below the important $1.40 support level and is now trading between $1.37 and $1.39 as of April 29, 2026. This high-volume move has turned the old support into resistance, giving sellers the upper hand after weeks of holding the line.

𝐗𝐑𝐏 𝐒𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬 𝐚𝐭 $𝟏.𝟒𝟎 𝐚𝐬 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 𝐚𝐧𝐝 𝐌𝐚𝐜𝐫𝐨 𝐓𝐫𝐞𝐧𝐝𝐬 𝐖𝐞𝐢𝐠𝐡 𝐈𝐧

XRP holds near $1.40 as stablecoins rise and macro pressure builds. The market shows balance, not momentum. Big money enters, but selling caps gains. Watch key… pic.twitter.com/vj7SwCG0qa

— Analytics Insight (@analyticsinme) April 29, 2026

Technical Levels to Watch

• Immediate resistance is now at $1.40 to $1.45, as the previous support has become an area where sellers may step in.
• The next key support is between $1.36 and $1.38, with a major multi-month support level at $1.30 to $1.28.
• If selling picks up, XRP could fall further to the $1.15 to $1.20 range.

If XRP quickly moves back above $1.40 with strong volume, the breakdown could be reversed. A steady rise above $1.45 might push momentum toward $1.50 to $1.60.

What’s Driving the Move

• Bitcoin’s dominance is high at around 60%, and there is a general risk-off mood in the market ahead of major economic events.
• XRP has lagged behind Bitcoin lately, even though ETF inflows have been positive and assets are close to $1.38 billion.
• On-chain momentum weakening, though Ripple’s XRPL partnerships and long-term fundamentals remain intact.

Analyst Split & Outlook

Some analysts think this move could continue downward, possibly retesting $1.28 or lower. Others see the $1.38 area as a chance to accumulate before possible regulatory changes like the CLARITY Act or a shift to altcoins.

XRP’s market cap holds near $85–86 billion with solid 24-hour volume of $1.8–$2 billion. The price remains well below 2025 highs near $3.65, keeping the longer-term setup highly sensitive to Bitcoin’s direction and macro news.

Buyers will need to act quickly and with confidence to push XRP back above $1.40. Until that happens, it’s wise to stay cautious, with $1.28 as the main level to watch. Keep an eye on Bitcoin’s price for the next big move in this unpredictable 2026 market.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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