I just reviewed XRP's price action and things don't look good in the short term. The token dropped again trying to break the resistance at $1.45, falling to $1.41 with high volume confirming that sellers are in control. That's a 3.3% decline in a single session.

What's interesting is that despite this bearish pressure, spot ETFs continue accumulating XRP and large on-chain wallets are buying on dips. Ripple also recently locked 700 million XRP as part of its regular supply management. So there’s a disconnect between what institutional players are doing and the short-term price action.

Technically, the critical level now is $1.40. If it holds, we could see consolidation before attempting again toward $1.45 and then $1.55. But if it drops below, we’ll likely see a deeper move toward $1.33 and even $1.00 if selling pressure accelerates. The broader chart shows a compression forming, so a significant directional move could be near once this consolidation resolves.

Traders are divided. Some see this as accumulation disguised as a dip, others follow the bearish trend that is elevated to two levels of analysis. What’s clear is that XRP remains trapped in a broader corrective structure, roughly 60% below its recent highs. Next week will be crucial to see if $1.40 holds or if we see more weakness.