XRP Price Drops Below $1.40 as Bears Take Control

The recent price drop of XRP below $1.40 has significant implications for the cryptocurrency's short-term performance.

With this key support level lost, the market is experiencing increased pressure, causing the price to struggle around the $1.36 region.

This breakdown in the price structure has changed the outlook for XRP, making it harder for the altcoin to recover.

The situation is not isolated, as other major altcoins like Cardano and Solana are also under pressure, falling within the same time frame.