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XRP is stuck below 1.40 and the sellers are relentless. I saw that the price dropped again after trying to break that zone of 1.43-1.45, and this time the decline was sharper, reaching 1.35 with quite high volume. The downward communication pattern is becoming increasingly clear in recent days.
Volume increased significantly during this sell-off, which shows that the sellers are really in control for now. It’s interesting to note that despite this weakness, XRP ETFs and large wallets continue accumulating, so big players are buying on the dip while the price falls. This downward communication may be preparing for a consolidation, but for now, the momentum is clearly bearish.
Analysts point out that 1.40 is now the critical support. If the price can stabilize there, it could set a base to attempt again at 1.45 and then 1.55, which would be the first level capable of breaking this downward structure. But if it cedes, the next buying zone would be near 1.33, with some mentioning 1.00 as a possible long-term target if the selling accelerates.
The overall structure still shows a forming triangle pattern, suggesting we are close to a larger directional move. For now, as long as the price remains below this downward communication, the sellers have the advantage. I’ll keep monitoring to see if it can hold at 1.40.