XRP Plummets 69% to Crucial $1.40 Support Level

Edgen Crypto

·Feb 23 2026, 12:54

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Key Takeaways

XRP is testing a historically significant support level at $1.40 after a steep price decline from its recent peak. The token's ability to hold this price point is seen as a critical test that could determine its short-term market direction.

XRP's price has fallen to a pivotal $1.40 support level as of February 23, 2026.
The digital asset has crashed 69% from its recent peak of over $3.60.
Traders are closely watching this level for its historical significance as a potential trigger for a rally or further decline.

XRP Collapses 69% From Recent Peak

On February 23, 2026, XRP is positioned at a critical $1.40 threshold following a severe market correction. The digital asset has plummeted 69% from a recent peak above $3.60, erasing significant gains accumulated just weeks ago. This sharp downturn places the token in a tenuous position, forcing investors to re-evaluate its short-term trajectory as it sits dangerously close to this key technical marker.

Traders Monitor Key $1.40 Historical Support

The $1.40 price point represents a make-or-break historical support level for XRP. Market participants are monitoring this zone intensely, as it has previously served as a foundation for significant price rallies. A successful defense of this support could signal a market bottom and attract renewed buying pressure, restoring bullish sentiment. Conversely, a failure to hold $1.40 would confirm a dominant bearish trend, potentially triggering a further substantial price decline.