The price of XRP dropped below $1.40 amid increasing pressures in the overall cryptocurrency market. The coin declined by 3.61% over the past 24 hours, trading near $1.36 after failing to maintain the previous support level.

Investor sentiment declined following the release of unexpected economic data from the United States. Non-farm payrolls in the US decreased by 92,000 jobs in February, sparking new concerns about a slowdown in economic momentum.

Meanwhile, markets responded to escalating geopolitical tensions related to the conflict in the Middle East. Fears increased due to rising oil prices and international uncertainty regarding ongoing inflation and economic disruptions.

The broader cryptocurrency market also experienced a decline, falling 3.09% in one day, with total trading volume reaching $2.35 trillion. Bitcoin's price briefly dipped below $70,000, while Ethereum's price fell below $2,000 after a short rebound.

Leading cryptocurrencies also saw declines during the same period, as investors adopted a more cautious approach. Solana, Cardano, and Dogecoin all declined amid the broader market correction.

Analysts note that XRP and the overall cryptocurrency market remain susceptible to macroeconomic uncertainty and geopolitical risks.