The XRP price stabilized at $1.40 on Monday after a week of upward momentum. The coin was unable to maintain its gains near its recent highs. Momentum indicators were weak, and sellers gradually regained control.

There were conflicting signals in the broader cryptocurrency market, contributing to uncertainty.

Bitcoin is currently trading below $78,000 after rejecting its weekly high of around $79,485 earlier today. Ethereum's price is fluctuating around $2,300, awaiting the Federal Open Market Committee meeting scheduled for April 28th this week.

The four-hour price chart of XRP shows a descending triangle. This pattern typically indicates a continuation of the downward pressure. XRP's price continues to record lower highs without breaking the support level.

The $1.40 level has become a key support in recent sessions. The risk of a breakdown lies in repeated tests of this support.

Technical indicators confirm the bearish outlook. The MACD indicator has fallen below the signal line, indicating a bearish trend.

Red bars on the chart suggest increasing bearish momentum. At the same time, the Relative Strength Index (RSI) has fallen to the lower half. This is a sign of declining buying power and waning optimism. Together, these indicators suggest a potential decline in the near term.

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Can XRP defend the support zone at $1.40?
A failure of Ripple's price to hold above $1.40 could lead to rapid selling pressure. The second support level is near $1.38, where the price previously stabilized.

If the price drops below this level, it could push it to $1.36. The $1.34 level may become more apparent as bearish momentum increases 📈💯🌋💫💫❤️❤️❤️❤️❤️❤️❤️