TLDRXRP broke below a tightening triangle pattern, falling to the $1.34–$1.37 range$1.31 is the first key support level, based on Camarilla pivot dataA deeper drop could bring $1.17 into focus, near the 100-period moving averageWhales sold or moved roughly 90 million XRP over the past week, per Ali MartinezRipple’s RLUSD stablecoin is targeting a $13 trillion corporate treasury marketXRP price fell below $1.40 this week after breaking down from a tightening triangle pattern. The token now trades between $1.34 and $1.37.The drop followed a rejection near $1.43 to $1.45. Analyst XAUApex on TradingView said XRP broke below a symmetrical triangle, calling it a shift in short-term structure with lower highs and lower lows.The break does not confirm a longer downtrend on its own. A move back above $1.43 to $1.45 could weaken the bearish case.XRP has fallen from a high near $1.70 reached in recent weeks. It has struggled to reclaim $1.40 since that peak.XRP Price on CoinGeckoKey Support Levels To WatchThe $1.31 area is the first support level traders are watching. Camarilla pivot data places S1 at $1.3143.XRP’s 30-period moving averages sit near $1.327 to $1.338, close to the current price. Analyst vandell33 pointed to the weekly chart, noting price is squeezed between the 50-week and 200-week moving averages, a setup that has broken lower in past instances.A deeper drop would bring $1.17 into view. That level lines up with the 100-period simple moving average near $1.168.Analyst Setupsfx_ outlined a recovery scenario centered on $1.1673. The setup calls for a bullish rejection at that level, a two-day close above it, and a higher low before confirming any bounce. The same analysis lists $0.9929 as the point that would cancel the recovery idea.Whale Activity And Network DataOn-chain data adds context to the move. Analyst Ali Martinez said XRP fell about 20% over three weeks, from $1.70 to around $1.35, as whales sold or moved close to 90 million tokens in the past week.Daily active addresses on the XRP Ledger fell more than 90%, from about 388,000 to roughly 38,000, separate reporting citing the same data showed.Around 2.29 billion tokens previously traded near the $1.35 level, creating a large cluster of past transactions.TradingView’s broader indicator summary shows a mixed picture. The 14-period RSI sits near 53.6, a neutral reading, while momentum and MACD carry sell signals. Short-term moving averages sit above price and point down, while the 30-, 50-, and 100-period averages sit below price and point up. The overall count is 6 sell, 9 neutral, and 11 buy signals.A reclaim of $1.38 is seen as a first step toward recovery, with on-chain analysis pointing to a possible move toward $1.60 to $1.68 if it holds. Beyond that, Camarilla resistance sits near $1.445, $1.510, and $1.575, with the Fibonacci R1 level near $1.626.Ripple’s stablecoin RLUSD is drawing separate attention as the company targets corporate treasury markets. Ripple’s stablecoin chief has pointed to a customer base handling roughly $13 trillion in annual transactions, according to Thinking Crypto host Tony Edward.The U.S. Senate is scheduled to vote on the CLARITY Act on September 15, a bill tied to crypto market regulation.For now, XRP trades in a range, with $1.31 and $1.17 marked as the main support zones to watch.The post XRP (XRP) Price: Falls Below $1.40 After Triangle Breakdown appeared first on Blockonomi.