XRP just had an interesting move earlier. It was sold off suddenly from around $1.36 in the morning to $1.33, but now it's back near $1.45. Looking at the 24-hour change, it's up +1.53%, so that sharp drop seems to have been a relatively temporary cryptocurrency price decline.

However, the trading volume at that time was remarkable. It wasn't just thin liquidity; I think there was actually strong selling pressure. The rebound was weak, but it feels like it’s gradually being bought back after this morning’s sharp decline. It briefly broke the support at $1.35, but the recovery from there isn’t bad.

From a technical perspective, the $1.40–$1.41 zone is acting as resistance, so whether it can break through that level is crucial. Looking at the pattern of cryptocurrency declines, high volume during the drop and reduced volume during rebounds are signs of distribution, but since the recovery is continuing this time, it's hard to judge. It’s a situation where both downside risk and reversal potential coexist.

Traders should keep an eye on maintaining $1.35, resistance at $1.40–$1.41, and the demand zone around $1.32–$1.31 on the downside. The movement of Bitcoin is causing the overall cryptocurrency decline, so the trend might change depending on BTC.