XRP's price has started a downside correction after being rejected at the $1.40 zone. The asset formed a high at $1.3964 before declining below the $1.3680 and $1.360 levels. It is now trading above $1.350 and the 100-hourly Simple Moving Average, according to data from Kraken.
The price action mirrors broader market movements seen in Bitcoin and Ethereum. The failure to break through the $1.40 resistance level signals a shift in momentum back toward sellers. This rejection at a key psychological level is a significant technical event for traders.