XRP has staged a short-term recovery, climbing above $1.4250–$1.4320 and trading above the 100-hour SMA with hourly MACD gaining and RSI above 50, signaling bullish momentum. Key resistance sits at $1.4550–$1.4620 and a clear break above $1.4880 could target $1.50–$1.52, while failure to clear $1.4620 risks a drop toward $1.4320–$1.4180. Crypto traders and DeFi/CEX participants should watch these token price levels for potential volatility and directional moves.

Bullish

Predictions Markets

See what traders are focused on

View analytics →

XRP price started a recovery wave above $1.4250 and $1.4320. The price is now consolidating and might aim for a fresh move if it clears $1.4620.

XRP price started a recovery wave above the $1.4320 zone.
The price is now trading above $1.4350 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at 1.4620 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to move up if it settles above $1.4880.

XRP Price Holds Support

XRP price remained supported above $1.4180 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.4250 and $1.4320 to enter a short-term positive zone.

There was also a move above the 23.6% Fib retracement level of the downward move from the $1.4876 swing high to the $1.4185 swing low. However, the bears could be active near the $1.4550 zone. Besides, there is a bearish trend line forming with resistance at 1.4620 on the hourly chart of the XRP/USD pair.

The price is now trading above $1.4350 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.4550 level. The first major resistance is near the $1.4610 level or the 61.8% Fib retracement level of the downward move from the $1.4876 swing high to the $1.4185 swing low.

A close above $1.4610 could send the price to $1.480. The next hurdle sits at $1.4880. A clear move above the $1.4880 resistance might send the price toward the $1.50 resistance. Any more gains might send the price toward the $1.520 resistance.

Another Drop?

If XRP fails to clear the $1.4620 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.440 level. The next major support is near the $1.4320 level.

If there is a downside break and a close below the $1.4320 level, the price might continue to decline toward $1.4180. The next major support sits near the $1.4050 zone, below which the price could continue lower toward $1.3880.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $1.4320 and $1.4180.

Major Resistance Levels – $1.4550 and $1.4620.

Read the article at NewsBTC