XRP Falls Below $1.35 After Triangle Breakdown; Cooling Sentiment Puts $1.30 Support and $1.36–$1.40 Resistance in Focus

XRP slipped below $1.35 on May 26 after a months-long triangle breakdown removed a key support zone, leaving the token trading around $1.35 following failed breakout attempts from the $1.36–$1.37 area. Price has moved into a short-term downside correction from about $1.3740 and was trading below the 100-hour simple moving average, with a bearish trend line near $1.360 on hourly charts ^{[1] [2]}.

Market sentiment cooled sharply: Santiment data showed the ratio of bullish to bearish commentary on XRP fell to roughly 1.1:1, the lowest in three weeks, prompting coverage noting the surge in FUD and that similar sentiment extremes have historically preceded rebounds ^{[3] [4] [5]}.

Technical levels cited by analysts include immediate support at the 0.786 Fibonacci level near $1.336, with a break below that opening $1.30 and then $1.27; resistance is concentrated around $1.39–$1.40 where three simple moving averages are clustered ^[6].

Traders are watching whether the $1.30 support holds and whether XRP can reclaim the $1.36–$1.40 resistance band in the coming sessions ^{[1] [6]}.