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XRP Slides Under $1.40 as Bitcoin Dominance Squeezes Altcoin Rally Attempts

XRP Slides Under $1.40 as Bitcoin Dominance Squeezes Altcoin Rally Attempts
XRP Slides Under $1.40 as Bitcoin Dominance Squeezes Altcoin Rally Attempts

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Updated 2 months ago

XRP dropped below $1.40. The token fell 2% in a single session, breaking through what had been a defended support level. Volume was high. The move took XRP from $1.44 down to $1.39, and now $1.40 sits above it as resistance instead of support.

The breakdown finished a descending triangle pattern that had been building for months. Bears run the show now. The MACD flipped bearish, and the RSI sits at 46—not oversold, but weak enough to show momentum fading. Traders who bought the dip around $1.40 probably didn’t expect it to crack this fast.

Bitcoin Dominance Weighs Heavy

Bitcoin’s market dominance crossed 60%. That’s a problem for XRP and pretty much every mid-cap altcoin out there. When Bitcoin sucks up that much capital, altcoins get starved. XRP is stuck in a tight range between $1.38 and $1.39, and it’s not moving much.

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Support levels to watch sit at $1.37 and then a zone between $1.32 and $1.31. Some analysts think the cycle floor could land around $1.29 to $1.30. Losing $1.38 would probably accelerate the drop straight to $1.31. But if XRP reclaims $1.40 on serious volume, the trend could reverse. That would open a path toward $1.50 or even $1.55, though it’s unclear how soon that might happen.

Bitcoin dominance over 60% means altcoins face real headwinds. XRP’s recovery potential looks limited as long as Bitcoin keeps pulling capital away from everything else. The current range feels fragile.

Institutions Still Buying Despite Weakness

XRP ETF products pulled in between $15.74 million and $25 million last week. That’s institutional money, not retail traders panic-buying. So even with the price dropping, some big players still see value here. It doesn’t change the technical breakdown, but it shows XRP hasn’t been totally abandoned at the institutional level.

The inflows are kind of surprising given how bearish the charts look. Maybe institutions are buying the dip with a longer time horizon. Or maybe they’re hedging other positions. Hard to say. But the money’s real, and it’s flowing in.

Institutional interest can stabilize an asset even when the technicals look ugly. XRP might be oversold in the eyes of funds that track broader crypto exposure. The ETF inflows suggest confidence remains somewhere, even if retail traders are getting nervous.

Projects like LiquidChain are grabbing attention while XRP struggles. LiquidChain is a Layer 3 infrastructure project that pulls liquidity from Bitcoin, Ethereum, and Solana into one system. The presale is live at $0.01454 per token. They’ve raised $700,000 so far, and early buyers get a 1500% APY staking bonus.

Cross-chain infrastructure projects are becoming more appealing as traders rethink their altcoin bets. When a major token like XRP can’t hold support, people start looking for alternatives that offer something different. LiquidChain’s approach—integrating liquidity across three major ecosystems—positions it as a diversification play.

The staking bonus is aggressive. 1500% APY is basically a marketing tool to drive early adoption, but it’s working. Presales like this tend to attract speculative capital, especially when the broader altcoin market is shaky. Whether LiquidChain delivers on its promises remains to be seen, but the interest is there.

XRP’s recent price action shows what happens to mid-cap altcoins during market rotations. When Bitcoin dominance rises, altcoins face limited upside and exaggerated downside risks. XRP is caught in that dynamic right now. The $1.40 level turned from support to resistance, and reclaiming it won’t be easy.

The breakdown also highlights the risks of holding altcoins when market structure shifts. XRP’s descending triangle pattern was visible for weeks, but plenty of traders probably thought support would hold. It didn’t. And now the next support levels are lower, with $1.31 being the big one to watch.

LiquidChain’s presale momentum shows where some capital is rotating. Instead of holding XRP through the chop, traders are exploring projects that promise cross-chain utility and high staking yields. Whether that’s smart or just chasing the next shiny thing is up for debate. But the flow of capital is real.

XRP’s struggle to regain $1.40 has become a focal point. The asset’s volatility underscores the challenges in the altcoin sector, especially when resistance levels hold firm. Market reaction to these developments could shape trading strategies in the short term. The breakdown has also shown the risks of altcoin exposure during periods of shifting Bitcoin dominance.

With Bitcoin’s influence growing, XRP’s ability to stabilize faces additional challenges. That environment pushes investors toward alternatives that promise better returns or at least less downside risk. LiquidChain’s cross-chain approach positions it as a contender for traders seeking diverse opportunities in a fluctuating market.

The dip in XRP’s price is a reminder of what happens when support breaks. Technical indicators remain bearish, and the path of least resistance points lower. Despite that, institutional inflows into XRP ETF products suggest some confidence remains. The money coming in doesn’t match the bearish price action, which makes the current setup kind of murky.

LiquidChain’s presale continues to draw interest. The project’s integration of liquidity from Bitcoin, Ethereum, and Solana offers a different angle for traders looking to diversify. With XRP stuck below $1.40 and facing resistance, projects like LiquidChain are capturing attention from those exploring alternative investments in the current altcoin market.

Frequently Asked Questions

What is XRP’s current trading range?

XRP is trading between $1.38 and $1.39, with $1.40 now acting as resistance after being broken as support.

How much institutional money flowed into XRP ETF products recently?

XRP ETF products saw inflows between $15.74 million and $25 million over the past week despite the price weakness.

What is LiquidChain and why is it gaining attention?

LiquidChain is a Layer 3 infrastructure project integrating liquidity from Bitcoin, Ethereum, and Solana, currently in presale at $0.01454 per token with a 1500% APY staking bonus.

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Jean-Luc Maracon

Jean-Luc Maracon is a French-Swiss expert in decentralized finance, known for his sharp analysis of Bitcoin, European Web3 projects, and crypto regulatory challenges. Splitting his time between Geneva and Paris, he brings a unique perspective blending traditional finance with blockchain innovation. He regularly collaborates with crypto platforms across Europe to help make digital investing more accessible. Specialties: Bitcoin, staking, European regulation, crypto security, Web3.

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