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XRP fell under the $1.42 level. Bears took over. The token now sits below $1.4150 and trades under its 100-hour simple moving average, a sign that momentum shifted hard.
The drop got worse when XRP broke past $1.4320, entering what traders call a bearish zone. A bullish trend line that had held at $1.430 on the hourly chart gave way, and the price tumbled past $1.40. It bottomed at $1.3835 before buyers tried to step in. The recovery attempt was weak, though. XRP managed to reach the 23.6% Fibonacci retracement level—measured from the recent high of $1.4471 down to that low of $1.3835—but couldn’t hold momentum. The price remains stuck below $1.4120, and sellers keep showing up.
Resistance Zones Look Tough
Resistance is strong here. The key level sits at $1.4150, right where the 50% Fibonacci retracement of the recent drop lands. That’s not a coincidence. Traders watch Fibonacci levels pretty closely, and this one matters. Beyond $1.4150, the main resistance waits at $1.4250. If XRP somehow breaks through both, the path opens toward $1.4320 and then $1.4450. But that’s a big if.
The problem? XRP hasn’t shown much strength lately. It keeps getting rejected at lower and lower levels, which doesn’t inspire confidence. And the volume behind these recovery attempts looks thin. Without serious buying pressure, breaking through $1.4150 seems unlikely in the near term.
More Losses Possible
If XRP can’t get past $1.4150, things could get messier. Support exists at $1.3920, but that’s already getting tested. More substantial support sits at $1.3840—the recent low. A break below $1.3840 would open the door to $1.3650, maybe lower. Some traders are eyeing $1.350 and even $1.3220 if the selling really picks up.
The technical picture doesn’t help. The hourly MACD for XRP/USD is gaining pace in the bearish zone, which means downward momentum is building. The RSI sits below 50, another bearish signal. When both indicators point down, bulls usually have a hard time.
Market participants are watching the $1.4150 resistance zone closely. It lines up with that 50% Fibonacci retracement level, and breaking it could shift momentum. But failure to push through might invite more declines, testing those lower support levels around $1.3650 and beyond. Nobody’s sure which way this goes.
XRP’s consolidation phase suggests it’s hunting for stability amid choppy trading conditions. The recent dip to $1.3835 marks a critical point. The token is struggling to regain ground above $1.40, and that’s a problem. Staying below the 100-hour simple moving average keeps the bearish pressure alive. Traders who bought higher are probably feeling nervous.
The inability to stay above $1.440 has kept XRP in a downward trend. Key support at $1.3840 is holding for now, but barely. If that level breaks, the path to $1.3650 opens up fast. And once support levels start falling like dominoes, things can get ugly quick.
Despite minor recovery attempts, the price remains below that 100-hourly simple moving average. The market is watching to see if XRP can hold support at $1.3920 or if another downward push is coming. So far, buyers haven’t shown up in force. That’s telling.
The technical indicators paint a tough picture for bulls. The MACD shows increased bearish momentum, while the RSI stays under the 50 threshold. Both suggest continued weakness in XRP’s price movement. These factors point to an uncertain path ahead for the cryptocurrency, and traders are adjusting their positions accordingly.
XRP’s recent price action has been marked by a failure to hold stability above key levels. The downward pressure remains intense. The price can’t regain footing above $1.4120, keeping it below the 100-hour simple moving average. The break below the bullish trend line at $1.430 set the stage for this continued downward trajectory, and momentum hasn’t reversed yet.
Support levels are getting tested as XRP hovers around $1.3920. The significant support zone at $1.3840 is critical. If these levels fail to hold, the cryptocurrency could see more losses, potentially dropping to $1.3650 and even lower zones like $1.350. The market continues to watch these critical support and resistance levels, as they’ll determine XRP’s next move. No one wants to get caught on the wrong side of a breakdown.
With the hourly MACD showing growing bearish momentum and the RSI lingering below the 50 mark, the technical outlook for XRP suggests the path of least resistance remains downward. Traders are staying cautious, focusing on whether XRP can overcome the immediate hurdles or if it’ll give in to more selling pressure. The volume profile doesn’t look great either, which makes a quick reversal seem less likely. For now, bears control the narrative, and bulls need to show up with real buying power to change that.
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Frequently Asked Questions
What is the current resistance level for XRP?
The main resistance levels for XRP are at $1.4150 and $1.4250. If the price breaks through both, it could rise toward $1.4320 and $1.4450.
What happens if XRP drops below $1.3840?
If XRP falls below $1.3840, it may decline further toward $1.3650, with additional support at $1.350 and potentially $1.3220.
What do the technical indicators show for XRP?
The hourly MACD is gaining pace in the bearish zone, and the RSI is below 50, both indicating bearish momentum and continued downward pressure on the price.
