$XRP has tried to break $1.40 multiple times and failed every single time. That level is not resistance, it's a wall. 🔻

Here is what the data is actually showing. Derivatives participation is subdued, large players are not stepping in with conviction and every bounce into $1.36 to $1.40 gets absorbed by sellers immediately. That's textbook distribution, not accumulation.

The critical level right now is $1.35. If that breaks there is almost no structural defense before $1.30 to $1.32 and that gap can fill fast. 👀

One thing changes this picture. XRP reclaiming $1.40 with real volume behind it. Without that the risk stays firmly to the downside.

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