$XRP /USDC Faces Sharp Rejection After 1.40 Liquidity Sweep
$XRP /USDC on the 1H timeframe shows a volatile structure characterized by an early liquidity sweep toward 1.4089, followed by distribution and a strong bearish impulse. The rejection near the 1.40–1.41 resistance zone indicates heavy supply absorption, with price cascading toward the 1.3417 intraday low. Currently trading around 1.3633, XRP is attempting a short-term stabilization after a decisive breakdown from the 1.39 consolidation range. The recent move reflects a clear shift in short-term momentum from expansion to corrective retracement, with sellers maintaining control below 1.38.
For near-term structure, 1.3550–1.3500 acts as immediate support, while 1.3820–1.3900 now serves as a critical resistance band. A sustained hold above 1.35 could allow for a technical bounce toward the 1.38 region; however, failure to defend 1.35 would expose downside liquidity pockets toward 1.34 and potentially lower. Market participants should closely observe reaction strength and volume near current levels to determine whether this is accumulation after a stop-run event or continuation within a broader corrective phase.