I just noticed that XRP is having a rough day. The price dropped significantly from $1.40 to around $1.35, and the decline accelerated quite a bit when it broke a major support level around $1.37. All of this while Bitcoin was moving backward, causing many volatile tokens to suffer widespread sell-offs. It wasn't due to any specific news about the token, but rather a shift in the overall market sentiment where traders suddenly become more cautious.

What's interesting is that buyers stepped in near $1.35 and halted the fall, at least for now. But the recovery didn't gain much momentum. Right now, $1.35 looks like that critical level everyone is watching. If it holds here, XRP could stabilize and attempt to bounce back, but the bulls need to regain territory above $1.37-$1.40 for this to look like a normal correction and not the start of something more serious.

The truth is, these price movements follow a logic similar to Engel's law in economics: when market sentiment shifts, traders quickly redistribute their positions, and those with the most exposure to high-risk assets are the first to exit. If $1.35 gives way, the next support would be lower, probably around $1.30, and that would definitely increase downward pressure. For now, XRP is completely tied to Bitcoin's movement, so everything depends on what the king of cryptocurrencies does in the next few hours.