XRP extended its pullback below $1.40 on Tuesday, consolidating near intraday lows as sellers retained control beneath the 100-hour simple moving average (SMA). Key resistance levels between $1.3650 and $1.3940 continue to cap rebounds, leaving the short-term bias tilted lower.
Price Action: XRP Slips Below $1.40
XRP failed to hold above $1.4150 and accelerated lower alongside broader market weakness, breaking below $1.4050 and the $1.40 handle. The move extended to a session low at $1.3464 before prices steadied. XRP is now trading below $1.3880 and the 100-hour SMA, consolidating losses well beneath the 23.6% Fibonacci retracement of the downswing from the $1.5495 high to the $1.3464 low.
An hourly bearish trend line has formed with resistance near $1.3720 on the XRP/USD chart (Kraken data), underscoring persistent supply on attempts to rebound.
Key Levels to Watch
- Immediate resistance: $1.3650, then the trend-line area at $1.3720
- Upside hurdles: $1.3800 and $1.3940; a close above $1.3940 would put $1.40 back in view
- Further resistance: $1.4250 (50% Fib of the $1.5495–$1.3464 decline), followed by $1.4400 and $1.4500
- Initial support: $1.3465
- Major support: $1.3350
- Deeper downside: $1.3220–$1.3200 zone, then $1.3120
Technical Indicators
- MACD (hourly): Accelerating in the bearish zone
- RSI (hourly): Below 50, indicating weak momentum
Outlook
Unless XRP reclaims the $1.3940–$1.40 area on a closing basis, the path of least resistance remains lower, with risk of retests toward $1.3465 and $1.3350. A decisive break above $1.40 would ease near-term pressure and open scope toward $1.4250 and $1.4400.
XRP is the native asset of the XRP Ledger and is commonly used for liquidity and cross-border settlement. Its price often tracks broader crypto market dynamics, making nearby resistance clusters and trend structures important for short-term direction.