XRP Price Plunges Below $1.40 After Triangle Breakdown

XRP's price has fallen below $1.40 after breaking down from a tightening triangle pattern.

The token now trades between $1.34 and $1.37, with some analysts seeing this as a short-term shift in structure rather than a confirmation of a longer downtrend.

A move back above $1.43 to $1.45 could weaken the bearish case.

The break down from the triangle pattern follows a rejection near $1.43 to $1.45, with XRP having struggled to reclaim $1.40 since reaching a high of around $1.70 in recent weeks.