XRP retreated from the $1.40 area and is consolidating above key support, with bulls looking to reclaim near-term resistance for a potential push higher. The token remains above $1.35 and the 100-hour Simple Moving Average as traders watch $1.3780–$1.3880 for a breakout, while a failure to hold $1.35 could invite deeper losses.
Price Action
XRP advanced through $1.3550 and $1.3650 earlier in the session, briefly clearing the $1.380 resistance before marking a high at $1.3964. The move stalled, prompting a pullback below $1.3680 and $1.360 and retracing more than 50% of the rise from the $1.320 swing low to the $1.3964 high.
Despite the dip, XRP is trading above $1.350 and the 100-hour Simple Moving Average. A bullish trend line also underpins the market near $1.3490 on the hourly XRP/USD chart (data source: Kraken). The structure leaves room for another attempt higher if buyers can regain short-term resistance levels.
Key Levels to Watch
- Immediate resistance: $1.3680
- Major resistance: $1.3780, then $1.3880 and $1.40; further hurdles at $1.4120 and $1.4250
- Initial support: $1.3550
- Major support: $1.3500 (trend-line/100-hour SMA) and $1.3380; deeper support at $1.320 and $1.3000
Upside Scenario
A sustained move above $1.3680 would open the path to $1.3780. Clearing $1.3780 and then $1.3880 could bring a retest of $1.40. A decisive break above $1.40 may target $1.4120, with $1.4250 acting as the next notable barrier.
Downside Risk
Failure to surpass $1.3680 could see renewed selling. A break below $1.3550 would expose $1.3500 and the ascending trend line, which also aligns near the 61.8% Fib retracement of the $1.320 to $1.3964 advance. A close below $1.3500 may accelerate losses toward $1.3380, with $1.320 and $1.3000 as subsequent supports.
Technical Indicators
- MACD (hourly): Gaining momentum in the bearish zone.
- RSI (hourly): Below 50, indicating waning short-term momentum.
XRP, the native asset of the XRP Ledger used for cross-border value transfers, is tracking broader market moves seen in Bitcoin and Ethereum. Near-term direction likely hinges on whether bulls can recapture the $1.3780–$1.3880 band or if sellers force a close below $1.35 support.