Currencies37821
Market Cap$ 2.57T+1.00%
24h Spot Volume$ 34.22B-17.7%
DominanceBTC57.17%0%ETH9.47%+0.73%
ETH Gas0.75 Gwei
Cryptorank
/

XRP Price Trades Below $1.40, Can It Stabilize And Rebound?


XRP Price Trades Below $1.40, Can It Stabilize And Rebound?

Share:

AI Overview

XRP price dropped below $1.40, trading under the 100-hour SMA with a short-term low of $1.3680; hourly RSI <50 and MACD bearish, signaling weakness in the crypto market. Key resistance sits at $1.3980 and $1.4170 (50% Fib); a clear close above $1.4170 could open moves toward $1.4220–$1.4650, affecting XRP traders on CEX/DEX. Downside risk: failure to clear $1.3980 targets support at $1.3780 and $1.3680; a break below $1.3680 could extend losses to $1.3550, $1.350, then $1.3220.

Bearish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

XRP price extended losses and traded below $1.40. The price is now consolidating losses and faces hurdles near $1.3980 and $1.40.

  • XRP price started another decline and traded below the $1.40 zone.
  • The price is now trading below $1.40 and the 100-hourly Simple Moving Average.
  • There was a break above a bearish trend line with resistance at $1.3820 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it stays below $1.40.

XRP Price Dips Further

XRP price failed to stay above $1.4050 and extended its decline, like Bitcoin and Ethereum. The price declined below $1.4020 and $1.40 to enter a short-term bearish zone.

The price even extended losses below $1.380. A low was formed at $1.3680, and the price is now consolidating losses. There was a minor recovery wave toward the 23.6% Fib retracement level of the downward move from the $1.4470 swing high to the $1.3680 low. Besides, there was a break above a bearish trend line with resistance at $1.3820 on the hourly chart of the XRP/USD pair.

The price is now trading below $1.40 and the 100-hourly Simple Moving Average. If there is a fresh recovery move, the price might face resistance near the $1.3980 level.

XRP Price

The first major resistance is near the $1.4075 level or the 50% Fib retracement level of the downward move from the $1.4470 swing high to the $1.3680 low. The main resistance could be $1.4170. A close above $1.4170 could send the price to $1.4220. The next hurdle sits at $1.4250. A clear move above the $1.4250 resistance might send the price toward the $1.450 resistance. Any more gains might send the price toward the $1.4650 resistance.

More Losses?

If XRP fails to clear the $1.3980 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3780 level. The next major support is near the $1.3680 level.

If there is a downside break and a close below the $1.3680 level, the price might continue to decline toward $1.3550. The next major support sits near the $1.350 zone, below which the price could continue lower toward $1.3220.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

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

Major Support Levels – $1.3780 and $1.3680.

Major Resistance Levels – $1.3980 and $1.4000.

Read the article at NewsBTC

In This News

Coins

$ 73.58K

+1.13%

$ 2.02K

+1.73%

$ 1.32

+1.79%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 73.58K

+1.13%

$ 2.02K

+1.73%

$ 1.32

+1.79%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

XRP Price Bounce Looks Fragile, Fresh Decline Risks Begin Rising

XRP Price Bounce Looks Fragile, Fresh Decline Risks Begin Rising

XRP price started a recovery wave above $1.290 and $1.2950. The price is now consolid...
Can The Ripple Banking License Serve To Push The XRP Price To $25?

Can The Ripple Banking License Serve To Push The XRP Price To $25?

Ripple’s march to full banking status is one of the biggest talking points among memb...