XRP Price Slides Below $1.40 as Liquidations Fuel Bearish Pressure

XRP is trading near $1.35 after a sharp decline that erased gains and reinforced bearish sentiment across the market. The digital asset slipped roughly 2.7% over 24 hours, falling from $1.40 to around $1.36 before stabilizing — a move that caught many traders off guard due to its speed and intensity.

Unlike typical sell-offs driven by gradual profit-taking, this decline was swift and aggressive. Volume spiked dramatically within minutes during the session's final hour, a pattern widely associated with forced liquidations rather than organic selling pressure. When large positions unwind involuntarily, it often signals fragile market structure — and that appears to be exactly what's unfolding with XRP right now.

Throughout the session, price action painted a consistently bearish picture. XRP formed a series of lower highs, failed to reclaim any meaningful resistance, and eventually broke through the $1.36 support level before finding temporary footing near $1.35. That level is now the critical line in the sand. A sustained close below it could open the door for a move toward $1.30, while recovering above $1.40 would be the first real sign that sellers are losing their grip.

What makes this setup particularly volatile is the buildup of leverage. Traders are continuing to add positions even as price declines, creating conditions where small price swings can trigger disproportionately large reactions. This kind of environment compresses volatility temporarily before releasing it in a sharp directional move — and based on current momentum, the bias leans downward.

For XRP to shift its outlook, bulls need a decisive reclaim of the $1.40 resistance zone. Until that happens, the path of least resistance remains to the downside, and any short-term bounces should be treated with caution.