XRP price analysis: XRP fell about 3% during a late-session sell-off that broke the $1.44 support level, with elevated trading volume pushing the token back toward key support near $1.40. The decline followed a failed recovery attempt, and the $1.40 area is now acting as immediate support after buyers stepped in.
On higher timeframes, XRP is trading within a descending channel that has guided price since mid-2025, and price action continues to form lower highs with rallies contained below $1.60, including a sharp drop on elevated volume at the break.
Intraday action began with a failed recovery attempt, after which selling resumed and price moved back toward intraday support levels. High-volume selling intensified later in the session and increased pressure on the $1.44 support band, producing a late-session break below that level which coincided with a sharp drop on elevated volume. Following the breakdown through $1.44, the $1.40 area acted as immediate support, where buyers stepped in and absorbed additional selling pressure near that zone. Buyers stepping in at $1.40 were observed after the breakdown and provided support at that level for the remainder of the session. The late-session movements occurred on elevated trading volume relative to earlier intraday activity.
XRP’s broader price trend is characterized by a sequence of lower highs and a sustained downtrend, with upward moves repeatedly capped and unable to establish gains above the $1.60 area. On higher timeframes, price action is contained within a descending channel that has been in place since mid-2025, providing the structural framework that has guided directional movement over multiple months.
If short-term support holds and price stabilizes, the market could enter a consolidation phase prior to any renewed advance toward the $1.44–$1.45 zone, which is identified as a key near-term level for assessing momentum. A broader test of the $1.55–$1.60 range is identified as necessary to shift the prevailing momentum in higher timeframe terms, and until that range is engaged, rallies have remained contained within the defined downtrend.
If the $1.40 support level breaks, downside risk opens toward the $1.30–$1.32 zone. The $1.30–$1.32 area is identified as the next lower support cluster that would be relevant after a breach of $1.40. Price interaction with that zone would represent the successive support test following the current intraday levels, and that range should be considered the immediate downside risk area. The delineation of $1.30–$1.32 stands as the specified lower-risk horizon in this context.
Checkonchain reports a 7.8% drop in mining difficulty and that miners are losing $19,000 on every bitcoin produced. The same Checkonchain data show an average production cost of $88,000 per bitcoin in mid-March. These figures provide the stated production-cost context for bitcoin mining over the referenced period.
XRP is trading around its near-term support levels after the recent break below the $1.44 band, with the immediate support near $1.40 providing absorption of selling pressure. Technical condition remains cautious: price continues to exhibit a sequence of lower highs within a broader downtrend and recent volume patterns show elevated selling during declines, indicating that momentum has not yet shifted in higher timeframe terms.
