XRP has dropped again, this time breaking the key support level of $1.44, now hovering around $1.34, with a decline of nearly 3%. Trading volume is more than three times higher than usual, indicating this is not a mild correction—someone is really selling off.

I've been watching XRP's chart, and since the mid-term high, it's been making lower lows and lower highs. Recent rebounds have been stuck between $1.55 and $1.60 without breaking through, and now the $1.40 level has become the last line of defense. If this breaks, the next support is around $1.30 to $1.32, which would be problematic.

Traders are now watching whether $1.40 can hold. If it stays steady, there might be some consolidation between $1.44 and $1.45 to prepare for the next rebound. But honestly, in this macro environment, the crypto market is quite cautious, and the Federal Reserve's policy stance is also suppressing sentiment. In the long run, for XRP to break out of this downtrend, it must regain above $1.55 to confirm that the trend has truly changed.

Interestingly, the market is also discussing other opportunities, such as Hyperliquid's HYPE token, which has recently been proposed to be turned into an exchange-traded fund listed on the NYSE. However, this doesn't help with XRP's current pressure. For now, it still depends on whether the support level can hold and when macro conditions might turn around. From a technical perspective, XRP's story now is about holding $1.40 and avoiding a deep fall.