XRP Plunges Below $1.40: Is This the Start of a Deeper Correction?

XRP just sliced through the $1.40 support level—again. The market's holding its breath, wondering if this is a temporary stumble or the beginning of a steeper slide.

The Support Test

That $1.40 mark isn't just a number; it's a psychological battleground. Breaking below it signals weakening buyer conviction and opens the door for bears to test lower price zones. Each retest wears down the defense.

Momentum Check

Watch the volume on the dip. A high-volume breakdown suggests strong selling pressure and increases the odds of a continued fall. Low volume might indicate a fakeout, a classic shakeout before a potential rebound. The charts don't lie, but you have to know how to read them.

Broader Market Mood

No crypto is an island. Is this an XRP-specific issue or part of a wider risk-off move? Check Bitcoin's dominance and the overall crypto market cap. Sometimes, it's not the project—it's the tide going out, revealing who's been swimming naked. Again.

The Path Ahead

The next critical supports loom below. A sustained break under $1.40 could trigger a cascade toward $1.20 or even lower. Conversely, a swift reclaim above that level would paint this as a bullish trap, liquidating short positions and fueling a rally.

So, spiral or springboard? The price action over the next 48 hours will tell the tale. In crypto, fortunes reverse faster than a Wall Street analyst changes their price target.

XRP Dips Below $1.40: Another Massive Crash Incoming?

XRP’s price fell to $1.16 on Feb. 6, 2026. The dip came when Bitcoin’s (BTC) price slid to sub-$62,000 levels. However, BTC made a recovery to the $71,000 mark, and XRP followed BTC’s trajectory to around $1.40. The recovery seems to have been short-lived as BTC has once again dipped below $69,000 today, Feb. 9, 2026. BTC’s correction has led to other assets loosing steam as well.

There have been talk among experts, such as Stifel, that bitcoin (BTC) could crash to $38,000. If BTC dips below the $40,000 mark, we will likely experience a massive market-wide crash. XRP’s price, under such circumstances, could spiral to multi-year lows. The asset could lose all gains made over the last year and a half.

XRP only began to see positive price action towards the end of 2024 when the SEC vs. Ripple lawsuit was nearing its end. The lawsuit eventually came to an official close in 2025. The settlement of the suit led to a massive price surge for XRP, which eventually hit an all-time high of $3.65 in July 2025. However, the crypto market faced a big crash in October of last year, and XRP has been on a downtrend ever since. If the current trajectory continues, XRP could be back to the $0.50 price levels. However, the asset will likely rebound to its heights once the crypto market recovers and the larger economy improves.