XRP held key support above $1.35 after a brief pullback from multi-week highs, with technicals suggesting the token could attempt another leg higher if buyers clear nearby resistance. The move comes after XRP outperformed Bitcoin and Ethereum during last week’s advance.
Price Action and Context
XRP, the native token used in Ripple’s cross-border payments network, rallied from the $1.30 area and topped out at $1.3741 before slipping into a mild correction. The pair is now consolidating above $1.35 and the 100-hour Simple Moving Average (SMA) on the XRP/USD chart (Kraken data), indicating underlying support remains intact.
An hourly bearish trend line is capping the price near $1.3650. A sustained break above this level—and a close above the $1.3720–$1.3750 zone—would be needed to reassert bullish momentum.
Key Resistance and Upside Targets
- Immediate resistance: $1.3650 (trend line on hourly chart)
- Major resistance: $1.3720–$1.3750
- Next upside targets on a breakout: $1.3880, then $1.40
- Extended targets if momentum accelerates: $1.42 and $1.45
Support Levels and Downside Risks
- Initial support: $1.3370
- Stronger support: $1.3280 (near the 61.8% Fib retracement of the $1.3001–$1.3741 move)
- Below $1.3280: $1.3175 and $1.3120, with deeper cushions at $1.3050 and $1.30
A decisive break and hourly close below $1.3280 would increase the risk of a deeper pullback toward the low-$1.30s.
Technical Indicators
- MACD (hourly): Gaining strength in the bullish zone, supporting potential upside attempts.
- RSI (hourly): Holding above 50, consistent with a neutral-to-bullish bias while price remains above the 100-hour SMA.
Overall, XRP’s short-term bias remains constructive above $1.35 and $1.3280. A clean move through $1.3750 would open the path toward $1.3880–$1.40, while failure to clear resistance leaves the pair vulnerable to another test of support.