{"id":31342,"date":"2026-10-10T13:05:29","date_gmt":"2026-10-10T13:05:29","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31342"},"modified":"2026-10-10T13:05:29","modified_gmt":"2026-10-10T13:05:29","slug":"xrp-is-crashing-below-1-40-could-the-next-breakdown-send-it-to-1-28","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31342","title":{"rendered":"XRP is crashing below $1.40: could the next breakdown send it to $1.28?"},"content":{"rendered":"
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XRP has broken below the $1.40 level that bulls spent much of the week trying to defend, raising the risk that another wave of selling could drag the token towards $1.28.<\/p>\n

The cryptocurrency fell from $1.50 on October 7 to a low near $1.32 on Thursday before recovering towards $1.38 early Friday. <\/p>\n

The rebound has not repaired the technical damage. XRP has lost several support levels in quick succession while rising US Treasury yields, firmer oil prices and a broader crypto sell-off have reduced appetite for risk. <\/p>\n

XRP did not just test $1.40, sellers broke through it<\/h2>\n

The speed of the decline has changed the near-term picture. XRP closed October 7 around $1.42 after falling roughly 5%, then slid as low as $1.32 the following day. <\/p>\n

That move cut through support near $1.45, $1.40 and $1.37, levels that may now become resistance during any rebound.<\/p>\n

John Isige of FXStreet said XRP\u2019s \u201cpath of least resistance remains downward\u201d, pointing to bearish momentum signals and expanding exchange reserves.<\/p>\n

XRP balances on Binance had risen to roughly 2.64 billion tokens, potentially increasing supply available for sale.<\/p>\n

The macro backdrop has offered little relief, as Bitcoin traded below $83,000 during Thursday\u2019s sell-off<\/a>, while Brent crude settled above $104<\/a> and US Treasury yields remained historically elevated.<\/p>\n

ETF demand remains, but sellers are still in control<\/h2>\n

Institutional demand has not disappeared. US spot XRP ETFs recorded $3.14 million of net inflows on October 6, taking cumulative inflows to roughly $1.79 billion. <\/p>\n

Yet XRP continued falling, showing that incremental fund demand has not been large enough to absorb short-term selling.<\/p>\n

Another anticipated catalyst has also moved further away. Evernorth Holdings delayed its expected Nasdaq debut under the XRPN ticker from October 8 to around October 12 because of an administrative issue. <\/p>\n

The company expects its business combination with Armada Acquisition Corp. II to close around October 9 and plans to hold approximately 473 million XRP at closing.<\/p>\n

That delay does not change Evernorth\u2019s longer-term XRP strategy, but it removes a near-term event traders had been watching during an already fragile market.<\/p>\n

The contradiction is becoming important, as institutional vehicles continue accumulating exposure, but spot price action remains weak. <\/p>\n

Could $1.28 become XRP\u2019s next major test?<\/h2>\n

The first area buyers need to defend is around $1.33. Below there, several technical scenarios cluster between roughly $1.27 and $1.30, putting $1.28 firmly in focus if selling accelerates.<\/p>\n

EGRAG Crypto, cited by crypto.news, said a daily close back above $1.4850 would create a \u201cstrong chance this breakdown becomes a FAKEOUT\u201d. He also identified $1.32-$1.27 as the deeper downside zone for now.<\/p>\n

There is a counterargument. Cryptoinsightuk said deeply oversold four-hour momentum could produce a relief rally and highlighted the area above $1.30 as a possible accumulation zone. <\/p>\n

But the analyst cautioned that oversold conditions alone do not confirm a bottom and said a sweep towards $1.22 remains possible if the range fails.<\/p>\n

The post XRP is crashing below $1.40: could the next breakdown send it to $1.28?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP has broken below the $1.40 level that bulls spent much of the week trying to defend, raising the risk that another wave of selling could drag the token towards $1.28. The cryptocurrency fell from $1.50 on October 7 to a low near $1.32 on Thursday before recovering towards $1.38 early Friday. The rebound has […]<\/p>\n","protected":false},"author":1,"featured_media":31343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31342"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31343"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}