I just noticed that XRP again failed to break above $1.43–$1.45. The price dropped to $1.35 with volatility up and down in recent days. Trading volume during the decline was 1.7 times higher than normal, indicating that sellers are clearly in control.

It's interesting to observe how, amid this decline, institutional players are behaving ambiguously. On one hand, spot ETFs have accumulated about $1.24 billion over the past few months, and large wallets on the blockchain continue to buy on dips. On the other hand, activity in the derivatives market has noticeably decreased — open interest collapsed after the end of 2025 due to leverage reduction in crypto markets.

Technically, the key level now is $1.40. If the price holds it, a rebound to $1.45 and then to $1.55 is possible — this would be the first significant level that could weaken the bearish trend. But if there's a breakdown below, attention shifts to $1.33, and then $1.00 is not far off.

Interestingly, on a larger chart, a compression is forming between a descending line and an ascending support. It looks like the market is preparing for some serious movement after this consolidation. For now, sellers are controlling the short-term trend, but the structure hints at an upcoming reversal. Keep an eye on $1.40.