[Digital Today reporter Jinju Hong (홍진주)] XRP has fallen below the $1.4 support line under heavy selling. The market is watching this drop because a price zone that buying had defended for weeks has broken on rising volume, rather than marking a simple bout of weakness.

On April 28, Coindesk, a blockchain media outlet, reported that XRP fell from $1.44 to $1.39, breaking through the $1.4 support area. The decline was not a gentle pullback but moved quickly as participation surged. The market views the move as confirmation of real selling pressure, not a brief shakeout in a thin-liquidity zone. The price is now moving in a tight range of $1.39 to $1.4, around the level seen immediately after the break.

The key is a shift in price structure. With $1.4, which the market had regarded as support for weeks, now broken, that zone is more likely to act as short-term resistance. The outlet said $1.4 is a key pivot, adding that if the price recovers that level again with volume, the drop could be read as a "false break." If the recovery is delayed, selling could remain dominant.

Chart action has also tilted bearish. A triangle pattern that had compressed XRP’s price for months has ultimately broken to the downside. The move ended not with the upward expansion the market had expected but with a downward break, erasing the support effect of the compression zone that had held the price in place. Short-term rebound attempts are emerging, but they are closer to "reaction buying," and strength sufficient to reverse the trend has not yet been confirmed.

A flow of funds concentrating in bitcoin (BTC) has also weighed on XRP. As bitcoin dominance neared 60 percent, rotation out of altcoins strengthened and XRP has also seen limited additional buying inflows. In this environment, even if an individual token rebounds, it is difficult for momentum buying to follow.

In the near term, the price levels the market is watching are clear. First, XRP needs to move back above $1.4 with volume to partially unwind the bearish signal. On the downside, $1.37 has been presented as the next support zone. If that level is also lost, a deeper support line around $1.31 could become the next test. Coindesk also reported that if the price continues to stay below $1.4, sellers are likely to retain control and supply could emerge on each rebound.

XRP’s near-term direction is therefore expected to hinge on whether it can reclaim $1.4 and whether it can defend $1.37. For now, with a volume-backed drop confirmed first, the market is placing more weight on whether signs of a structural recovery emerge than on a simple bounce.