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XRP Price Downtrend May Resume, Sellers Eye Control Again


XRP Price Downtrend May Resume, Sellers Eye Control Again

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AI Overview

XRP shows a short-term recovery, trading above $1.3620 but still below the 100‑hour SMA (~$1.3850) with a bearish trendline at $1.3760. - A clean breakout and close above $1.3830 would target $1.3920–$1.4060; failure to clear $1.3830 risks a drop to $1.3620, $1.3500, then $1.3220/$1.3150. - Hourly MACD is gaining in the bullish zone and RSI is above 50, indicating upside momentum; keywords: crypto, XRP, technical indicators, resistance, support, SMA, MACD, RSI.

Bullish

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XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3830.

  • XRP price started a recovery wave above the $1.3620 zone.
  • The price is now trading below $1.3850 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at 1.3760 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move up if it settles above $1.3830.

XRP Price Holds Support

XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.3550 and $1.3620 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 $1.4060 swing high to the $1.3460 swing low. However, the bears are now active near the $1.3750 zone. Besides, there is a bearish trend line forming with resistance at 1.3760 on the hourly chart of the XRP/USD pair.

The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3830 level or the 61.8% Fib retracement level of the downward move from the $1.4060 swing high to the $1.3460 swing low.

XRP Price

The first major resistance is near the $1.3920 level.  A close above $1.3920 could send the price to $1.40. The next hurdle sits at $1.4060. A clear move above the $1.4060 resistance might send the price toward the $1.4120 resistance. Any more gains might send the price toward the $1.420 resistance.

Another Drop?

If XRP fails to clear the $1.3830 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3620 level. The next major support is near the $1.350 level.

If there is a downside break and a close below the $1.350 level, the price might continue to decline toward $1.3220. The next major support sits near the $1.3150 zone, below which the price could continue lower toward $1.30.

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 – $1.3620 and $1.3500.

Major Resistance Levels – $1.3830 and $1.3920.

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