XRP crashes below $1.40, next breakdown could target $1.28
- —XRP sliced through supports at $1.45, $1.40 and $1.37, which may now act as resistance
- —XRP balances on Binance rose to roughly 2.64 billion tokens, boosting sellable supply
- —US spot XRP ETFs took in $3.14 million on October 6, with cumulative inflows near $1.79 billion
- —Evernorth's Nasdaq debut under ticker XRPN was delayed from October 8 to around October 12
Why it matters: A sustained break below $1.40 opens the door to $1.28, while a daily close above $1.4850 would invalidate the bearish setup.
Source: Invezz