XRP extended its pullback below $1.42, slipping to an intraday low near $1.3630 before stabilizing. The token is consolidating beneath $1.40 and its 100-hour Simple Moving Average (SMA), with multiple overhead hurdles limiting recovery attempts. The bearish bias is likely to persist while XRP trades below $1.420, according to Kraken price data.
Market Overview
XRP failed to hold above $1.4350 and broke below $1.4250 and $1.420, mirroring broader weakness seen in Bitcoin and Ethereum. The decline pushed the pair under the $1.40 handle, where it remains capped by the 100-hour SMA. Price action is also holding well below the 23.6% Fibonacci retracement of the drop from the $1.5496 swing high to the $1.3630 low. An hourly bearish trend line is taking shape with resistance near $1.3950 on the XRP/USD chart (Kraken).
Key Resistance Levels
Any rebound faces a cluster of resistance levels:
- $1.3920 and the trend line near $1.3950
- $1.4000 (psychological level)
- $1.4080 (initial breakout threshold)
- $1.4350 (next upside objective if $1.4080 breaks)
- $1.4550 (50% Fib retracement of the $1.5496–$1.3630 decline)
- $1.4750 and $1.5000 on further strength
A sustained close above $1.4080 would improve short-term momentum, while a move through $1.4550 could signal a deeper recovery toward $1.4750–$1.50.
Downside Risks and Supports
If XRP remains capped below $1.420 and fails to reclaim $1.4550, sellers could reassert control. Key supports include:
- $1.3650 (initial intraday support)
- $1.3500 (major support)
- $1.3350 and $1.3220 (subsequent downside zones)
- $1.3120 (deeper support)
Technical Indicators
- 100-hour SMA: Price trades below, reinforcing a bearish near-term bias.
- MACD (hourly): Gaining momentum in the bearish zone.
- RSI (hourly): Below 50, indicating weak buying pressure.
XRP is the native asset of the XRP Ledger and is commonly used within Ripple’s cross-border payment and settlement ecosystem. Traders are watching whether the pair can reclaim $1.4080–$1.420 to ease immediate downside pressure.